Natixis Advisors LLC Reduces Holdings in EVERTEC, Inc. (NYSE:EVTC)

Natixis Advisors LLC trimmed its position in shares of EVERTEC, Inc. (NYSE:EVTC) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 578,791 shares of the business services provider’s stock after selling 3,817 shares during the quarter. Natixis Advisors LLC owned approximately 0.91% of EVERTEC worth $19,986,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of EVERTEC during the third quarter worth approximately $28,000. Fifth Third Bancorp increased its position in shares of EVERTEC by 52.1% during the fourth 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 boosted its stake in EVERTEC by 199.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock worth $41,000 after buying an additional 794 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in EVERTEC during the third quarter worth $55,000. Finally, Blue Trust Inc. boosted its stake in EVERTEC by 55.2% during the fourth 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 during the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Morgan M. Schuessler sold 80,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the transaction, the chief executive officer now owns 282,172 shares of the company’s stock, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the transaction, the executive vice president now directly owns 113,915 shares in the company, valued at approximately $3,883,362.35. The trade was a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 199,293 shares of company stock valued at $7,426,119 in the last quarter. Insiders own 0.83% of the company’s stock.

EVERTEC Stock Performance

Shares of EVERTEC stock opened at $36.83 on Wednesday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $40.67. The business’s fifty day simple moving average is $34.01 and its 200-day simple moving average is $34.07. The firm has a market cap of $2.34 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $28.00 to $30.00 in a research note on Thursday, February 27th. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th. Finally, Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st.

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.