River Road Asset Management LLC Has $65.97 Million Holdings in EVERTEC, Inc. (NYSE:EVTC)

River Road Asset Management LLC cut its stake in EVERTEC, Inc. (NYSE:EVTC) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,910,638 shares of the business services provider’s stock after selling 55,988 shares during the period. River Road Asset Management LLC owned approximately 3.00% of EVERTEC worth $65,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in EVERTEC in the 3rd quarter worth $28,000. Fifth Third Bancorp boosted its stake in EVERTEC by 52.1% in 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 during the period. Smartleaf Asset Management LLC boosted its stake in EVERTEC by 199.0% in 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 period. Point72 Asia Singapore Pte. Ltd. acquired a new position in EVERTEC in the 3rd quarter worth $55,000. Finally, Blue Trust Inc. lifted its position in EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after buying an additional 764 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVTC has been the topic of several analyst reports. Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $33.00 to $35.00 in a research report on Thursday, November 21st. Susquehanna raised shares of 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 research report on Thursday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th.

EVERTEC Stock Down 0.8 %

Shares of EVTC stock opened at $36.97 on Tuesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s 50-day moving average is $33.74 and its 200-day moving average is $33.93. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.43 and a beta of 1.11. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $40.67.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC’s payout ratio is 11.56%.

Insider Activity

In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $37.15, for a total value of $541,832.75. Following the transaction, the executive vice president now directly owns 35,203 shares of the company’s stock, valued at $1,307,791.45. This represents a 29.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Miguel Vizcarrondo sold 7,890 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $35.07, for a total transaction of $276,702.30. Following the completion of the transaction, the executive vice president now directly owns 122,038 shares in the company, valued at approximately $4,279,872.66. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,183 shares of company stock valued at $7,702,821. 0.83% of the stock is owned by company insiders.

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.