EVERTEC, Inc. (NYSE:EVTC) Holdings Trimmed by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its holdings in EVERTEC, Inc. (NYSE:EVTC) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,246,057 shares of the business services provider’s stock after selling 36,405 shares during the period. Loomis Sayles & Co. L P owned approximately 1.96% of EVERTEC worth $43,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of EVERTEC during the third quarter worth approximately $617,000. FMR LLC lifted its position in EVERTEC by 36.6% in the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock worth $308,882,000 after buying an additional 2,440,680 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of EVERTEC by 20.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 34,220 shares of the business services provider’s stock valued at $1,160,000 after buying an additional 5,846 shares during the period. FORA Capital LLC purchased a new position in shares of EVERTEC during the 3rd quarter valued at $333,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of EVERTEC in the third quarter worth $55,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Buying and Selling

In other EVERTEC news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $36.77, for a total transaction of $73,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,065 shares of the company’s stock, valued at $664,250.05. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Morgan M. Schuessler sold 80,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $37.45, for a total value of $2,996,000.00. Following the completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,170 shares of company stock worth $7,149,206. 0.83% of the stock is currently owned by insiders.

EVERTEC Price Performance

NYSE EVTC 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 stock’s 50-day moving average is $34.65 and its two-hundred day moving average is $34.26. The firm has a market cap of $2.38 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97.

EVERTEC Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EVTC. William Blair reissued an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and increased their price objective for the stock from $28.00 to $30.00 in a report on Thursday, February 27th.

EVERTEC Profile

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.