Russell Investments Group Ltd. Sells 6,327 Shares of EVERTEC, Inc. (NYSE:EVTC)

Russell Investments Group Ltd. reduced its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 19.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,009 shares of the business services provider’s stock after selling 6,327 shares during the quarter. Russell Investments Group Ltd.’s holdings in EVERTEC were worth $898,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new stake in shares of EVERTEC during the third quarter worth $28,000. Fifth Third Bancorp raised its holdings in EVERTEC by 52.1% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in EVERTEC by 199.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 794 shares during the period. Blue Trust Inc. boosted its stake in shares of EVERTEC by 55.2% in the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 764 shares during the last quarter. Finally, KBC Group NV grew its position in shares of EVERTEC by 34.8% during the 4th quarter. KBC Group NV now owns 3,188 shares of the business services provider’s stock worth $110,000 after buying an additional 823 shares during the period. Institutional investors own 96.80% of the company’s stock.

EVERTEC Trading Down 2.3 %

EVTC opened at $32.07 on Tuesday. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $38.87. The firm has a market cap of $2.05 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. 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 firm’s fifty day moving average is $35.19 and its two-hundred day moving average is $34.35.

EVERTEC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.62%. EVERTEC’s dividend payout ratio (DPR) is currently 11.56%.

Insider Transactions at EVERTEC

In other news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $36.77, for a total value of $73,540.00. Following the sale, the chief accounting officer now directly owns 18,065 shares in the company, valued at $664,250.05. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paola Perez-Surillo sold 14,585 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $37.15, for a total value of $541,832.75. Following the transaction, the executive vice president now owns 35,203 shares of the company’s stock, valued at approximately $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 over the last 90 days. 0.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EVTC shares. William Blair restated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and raised their price target for the stock from $28.00 to $30.00 in a research report on Thursday, February 27th.

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.