JLB & Associates Inc. Sells 3,224 Shares of EVERTEC, Inc. (NYSE:EVTC)

JLB & Associates Inc. lowered its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 16.6% during the fourth quarter, HoldingsChannel reports. The firm owned 16,150 shares of the business services provider’s stock after selling 3,224 shares during the quarter. JLB & Associates Inc.’s holdings in EVERTEC were worth $558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its stake in shares of EVERTEC by 36.6% during the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock worth $308,882,000 after purchasing an additional 2,440,680 shares in the last quarter. State Street Corp raised its stake in EVERTEC by 1.4% in the 3rd quarter. State Street Corp now owns 2,494,349 shares of the business services provider’s stock valued at $84,533,000 after acquiring an additional 34,410 shares during the period. River Road Asset Management LLC raised its stake in EVERTEC by 0.3% in the 3rd quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider’s stock valued at $66,649,000 after acquiring an additional 5,899 shares during the period. Natixis Advisors LLC raised its stake in EVERTEC by 9.9% in the 3rd quarter. Natixis Advisors LLC now owns 582,608 shares of the business services provider’s stock valued at $19,745,000 after acquiring an additional 52,586 shares during the period. Finally, DF Dent & Co. Inc. raised its stake in EVERTEC by 27.5% in the 3rd quarter. DF Dent & Co. Inc. now owns 455,454 shares of the business services provider’s stock valued at $15,435,000 after acquiring an additional 98,341 shares during the period. Institutional investors own 96.80% of the company’s stock.

Analyst Ratings Changes

EVTC has been the topic of a number of research analyst reports. Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. William Blair restated an “outperform” rating on shares of EVERTEC in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, EVERTEC has an average rating of “Hold” and a consensus price target of $35.00.

EVERTEC Stock Performance

EVTC opened at $33.45 on Friday. The firm has a market cap of $2.13 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 1.48 and a beta of 1.15. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $41.57. 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 business’s fifty day moving average is $33.43 and its 200-day moving average is $33.69.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.60%. EVERTEC’s dividend payout ratio (DPR) is presently 15.63%.

Insider Buying and Selling at EVERTEC

In other EVERTEC news, EVP Miguel Vizcarrondo sold 8,123 shares of EVERTEC stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $36.08, for a total value of $1,748,184.24. Following the completion of the sale, the chief financial officer now owns 54,998 shares of the company’s stock, valued at approximately $1,984,327.84. The trade was a 46.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,308 shares of company stock worth $2,440,112. 0.83% of the stock is currently owned by 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.