EVERTEC, Inc. (NYSE:EVTC) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its position in shares of EVERTEC, Inc. (NYSE:EVTC) by 13.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 575,261 shares of the business services provider’s stock after buying an additional 67,956 shares during the quarter. Sei Investments Co. owned approximately 0.90% of EVERTEC worth $19,864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EVTC. Public Employees Retirement System of Ohio acquired a new position in EVERTEC during the third quarter worth about $28,000. Fifth Third Bancorp increased its stake in shares of EVERTEC by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of EVERTEC by 199.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock worth $41,000 after purchasing an additional 794 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in EVERTEC in the 3rd quarter valued at approximately $55,000. Finally, Blue Trust Inc. grew its holdings in EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock valued at $73,000 after buying an additional 764 shares during the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

EVERTEC Trading Down 0.4 %

Shares of EVERTEC stock opened at $37.34 on Friday. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $40.67. The business’s fifty day moving average is $34.65 and its two-hundred day moving average is $34.26. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm has a market cap of $2.38 billion, a PE ratio of 29.17, a P/E/G ratio of 1.43 and a beta of 1.11.

EVERTEC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Monday, March 3rd. EVERTEC’s payout ratio is 11.56%.

Insider Buying and Selling at EVERTEC

In other news, EVP Paola Perez-Surillo sold 14,585 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction of $541,832.75. Following the completion of the sale, the executive vice president now directly owns 35,203 shares of the company’s stock, valued at $1,307,791.45. The trade was a 29.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Karla Cruz sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $36.77, for a total value of $73,540.00. Following the sale, the chief accounting officer now owns 18,065 shares of the company’s stock, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,170 shares of company stock worth $7,149,206 in the last 90 days. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EVTC. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their price target for the stock from $28.00 to $30.00 in a report on Thursday, February 27th. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th.

About EVERTEC

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.