UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Position in EVERTEC, Inc. (NYSE:EVTC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 54.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,875 shares of the business services provider's stock after selling 101,875 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.14% of EVERTEC worth $2,965,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV raised its position in EVERTEC by 34.8% in the 4th quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock valued at $110,000 after purchasing an additional 823 shares during the last quarter. New York State Common Retirement Fund raised its position in EVERTEC by 43.4% in the 4th quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider's stock valued at $4,462,000 after purchasing an additional 39,139 shares during the last quarter. Amundi raised its position in EVERTEC by 83.0% in the 4th quarter. Amundi now owns 43,416 shares of the business services provider's stock valued at $1,459,000 after purchasing an additional 19,693 shares during the last quarter. Rhumbline Advisers raised its position in EVERTEC by 1.8% in the 4th quarter. Rhumbline Advisers now owns 174,264 shares of the business services provider's stock valued at $6,017,000 after purchasing an additional 3,020 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in EVERTEC by 2.4% in the 4th quarter. Principal Financial Group Inc. now owns 310,524 shares of the business services provider's stock valued at $10,722,000 after purchasing an additional 7,342 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Susquehanna set a $39.00 price target on shares of EVERTEC and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods boosted their price objective on shares of EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Raymond James upped their price target on shares of EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.00.

EVERTEC Stock Performance

NYSE:EVTC opened at $36.32 on Friday. 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, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $38.56. The stock has a market cap of $2.31 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. The firm's fifty day simple moving average is $35.00 and its 200-day simple moving average is $34.81.

EVERTEC (NYSE:EVTC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The business had revenue of $228.79 million for the quarter, compared to analysts' expectations of $217.97 million. During the same period in the prior year, the company posted $0.72 EPS. The business's revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that EVERTEC, Inc. will post 2.63 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be given a $0.05 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. EVERTEC's dividend payout ratio is presently 10.05%.

Insider Buying and Selling

In related news, EVP Miguel Vizcarrondo sold 40,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.44, for a total value of $1,457,600.00. Following the sale, the executive vice president now directly owns 92,509 shares in the company, valued at $3,371,027.96. The trade was a 30.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $35.69, for a total transaction of $674,469.62. Following the completion of the transaction, the executive vice president now owns 35,203 shares in the company, valued at approximately $1,256,395.07. This trade represents a 34.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,391 shares of company stock worth $2,662,856 in the last three months. Corporate insiders own 0.63% of the company's stock.

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.

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