EVERTEC, Inc. (NYSE:EVTC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 0.14% of EVERTEC worth $2,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. KBC Group NV boosted its position in EVERTEC by 34.8% during the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock worth $110,000 after purchasing an additional 823 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of EVERTEC by 43.4% during the 4th quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider's stock worth $4,462,000 after buying an additional 39,139 shares during the period. Amundi lifted its position in shares of EVERTEC by 83.0% during the 4th quarter. Amundi now owns 43,416 shares of the business services provider's stock valued at $1,459,000 after buying an additional 19,693 shares in the last quarter. Rhumbline Advisers grew its stake 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 acquiring an additional 3,020 shares during the period. Finally, Principal Financial Group Inc. increased its holdings 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 worth $10,722,000 after acquiring an additional 7,342 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ivan Pagan sold 6,852 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $36.65, for a total transaction of $251,125.80. Following the completion of the transaction, the director now directly owns 12,473 shares in the company, valued at $457,135.45. This trade represents a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of EVERTEC stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $35.69, for a total value of $674,469.62. Following the completion of the transaction, the executive vice president now directly owns 35,203 shares of the company's stock, valued at approximately $1,256,395.07. This represents a 34.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,391 shares of company stock valued at $2,662,856. 0.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on EVTC shares. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna set a $39.00 price target on shares of EVERTEC and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Raymond James lifted their price objective on EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods increased their target price on EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

EVERTEC Price Performance

Shares of NYSE EVTC traded up $0.23 during mid-day trading on Monday, reaching $37.06. The company's stock had a trading volume of 251,235 shares, compared to its average volume of 375,711. The stock has a 50-day moving average of $34.99 and a two-hundred day moving average of $34.81. 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 stock has a market capitalization of $2.36 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.43 and a beta of 0.99. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $38.56.

EVERTEC (NYSE:EVTC - Get Free Report) last released its 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. The business had revenue of $228.79 million for the quarter, compared to analyst estimates of $217.97 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The business's revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. On average, equities research analysts anticipate that EVERTEC, Inc. will post 2.63 EPS for the current fiscal year.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. EVERTEC's dividend payout ratio is presently 10.05%.

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.