Loomis Sayles & Co. L P Sells 36,405 Shares of EVERTEC, Inc. (NYSE:EVTC)

Loomis Sayles & Co. L P decreased its stake in EVERTEC, Inc. (NYSE:EVTC) by 2.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,246,057 shares of the business services provider’s stock after selling 36,405 shares during the period. Loomis Sayles & Co. L P’s holdings in EVERTEC were worth $43,027,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of EVERTEC in the 3rd quarter valued at $28,000. Fifth Third Bancorp lifted 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 valued at $41,000 after purchasing an additional 402 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in EVERTEC by 199.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after buying an additional 794 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in EVERTEC during the third quarter worth about $55,000. Finally, Blue Trust Inc. increased its holdings in shares of EVERTEC by 55.2% during the fourth quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider’s stock worth $73,000 after buying an additional 764 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $36.77, for a total transaction of $73,540.00. Following the completion of the sale, the chief accounting officer now directly owns 18,065 shares of the company’s stock, valued at $664,250.05. The trade was a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the sale, the chief executive officer now directly owns 282,172 shares of the company’s stock, valued at $10,567,341.40. This represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,170 shares of company stock valued at $7,149,206. Company insiders own 0.83% of the company’s stock.

EVERTEC Price Performance

Shares of EVTC stock opened at $37.34 on Friday. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $40.67. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm’s 50 day moving average is $34.65 and its 200-day moving average is $34.26. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 1.43 and a beta of 1.11.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were given a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. EVERTEC’s payout ratio is 11.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EVTC. William Blair reissued an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and boosted their price objective for the stock from $28.00 to $30.00 in a research note on Thursday, February 27th.

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.