River Road Asset Management LLC Sells 136,015 Shares of EVERTEC, Inc. (NYSE:EVTC)

River Road Asset Management LLC decreased its position in shares of EVERTEC, Inc. (NYSE:EVTC) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,069,066 shares of the business services provider’s stock after selling 136,015 shares during the quarter. EVERTEC makes up 1.2% of River Road Asset Management LLC’s investment portfolio, making the stock its 26th largest position. River Road Asset Management LLC owned approximately 3.20% of EVERTEC worth $84,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in shares of EVERTEC by 73.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 409,002 shares of the business services provider’s stock valued at $15,207,000 after acquiring an additional 172,692 shares in the last quarter. Pathstone Family Office LLC raised its holdings in shares of EVERTEC by 5.8% in the 3rd quarter. Pathstone Family Office LLC now owns 319,935 shares of the business services provider’s stock valued at $11,895,000 after acquiring an additional 17,467 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of EVERTEC by 50.9% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 92,800 shares of the business services provider’s stock valued at $3,450,000 after acquiring an additional 31,300 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of EVERTEC by 16.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,452,050 shares of the business services provider’s stock valued at $53,987,000 after acquiring an additional 202,757 shares in the last quarter. Finally, Ziegler Capital Management LLC purchased a new stake in shares of EVERTEC in the 3rd quarter valued at about $5,745,000. Institutional investors own 96.80% of the company’s stock.

Insider Transactions at EVERTEC

In other news, Director Frank G. D’angelo sold 16,000 shares of EVERTEC stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $37.43, for a total value of $598,880.00. Following the sale, the director now directly owns 10,380 shares in the company, valued at approximately $388,523.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other EVERTEC news, CEO Morgan M. Schuessler sold 100,000 shares of EVERTEC stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $37.19, for a total transaction of $3,719,000.00. Following the completion of the transaction, the chief executive officer now owns 347,941 shares in the company, valued at $12,939,925.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank G. D’angelo sold 16,000 shares of EVERTEC stock in a transaction on Monday, March 11th. The shares were sold at an average price of $37.43, for a total value of $598,880.00. Following the transaction, the director now owns 10,380 shares of the company’s stock, valued at approximately $388,523.40. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

EVERTEC Trading Up 0.5 %

EVTC traded up $0.17 on Wednesday, hitting $37.09. 297,010 shares of the company were exchanged, compared to its average volume of 320,199. The firm has a fifty day simple moving average of $38.98 and a two-hundred day simple moving average of $38.16. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.88 and a current ratio of 1.88. EVERTEC, Inc. has a 12 month low of $31.55 and a 12 month high of $42.21. The stock has a market capitalization of $2.39 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.21 and a beta of 1.20.

EVERTEC (NYSE:EVTC) last posted its quarterly earnings results on Wednesday, February 28th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.06). EVERTEC had a return on equity of 29.73% and a net margin of 11.48%. The company had revenue of $194.62 million for the quarter, compared to the consensus estimate of $179.86 million. Sell-side analysts expect that EVERTEC, Inc. will post 2.33 earnings per share for the current year.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.05 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC’s dividend payout ratio is currently 16.53%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on EVTC shares. Morgan Stanley raised their price target on EVERTEC from $32.00 to $33.00 and gave the company an “underweight” rating in a report on Tuesday, February 27th. StockNews.com cut EVERTEC from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.33.

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.