American Century Companies Inc. Cuts Stake in EVERTEC, Inc. (NYSE:EVTC)

American Century Companies Inc. reduced its stake in shares of EVERTEC, Inc. (NYSE:EVTC) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,559,893 shares of the business services provider’s stock after selling 2,491 shares during the period. American Century Companies Inc. owned 7.17% of EVERTEC worth $157,453,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EVTC. Public Employees Retirement System of Ohio acquired a new stake in EVERTEC during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp increased its position 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 in the last quarter. Smartleaf Asset Management LLC increased 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 worth $41,000 after purchasing an additional 794 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in EVERTEC during the 3rd quarter worth approximately $55,000. Finally, Blue Trust Inc. increased its position in EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after purchasing an additional 764 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $37.15, for a total transaction of $541,832.75. Following the transaction, the executive vice president now directly owns 35,203 shares in the company, valued at $1,307,791.45. This trade represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $37.45, for a total value of $2,996,000.00. Following the transaction, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. This trade represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 191,170 shares of company stock worth $7,149,206. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EVTC. Susquehanna raised shares of EVERTEC from a “negative” rating to a “neutral” rating and increased their target price for the stock from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th.

EVERTEC Stock Up 0.2 %

Shares of NYSE:EVTC opened at $37.21 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 52-week low of $28.76 and a 52-week high of $40.67. The company has a 50 day moving average of $34.26 and a two-hundred day moving average of $34.14. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11.

EVERTEC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC’s dividend payout ratio (DPR) is currently 11.56%.

EVERTEC Company 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.