EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP reduced its holdings in EVERTEC, Inc. (NYSE:EVTC) by 85.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,222 shares of the business services provider’s stock after selling 42,193 shares during the quarter. Quantbot Technologies LP’s holdings in EVERTEC were worth $249,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in EVERTEC in the third quarter worth $28,000. Fifth Third Bancorp grew its stake in shares of 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 period. Smartleaf Asset Management LLC increased its holdings in shares of EVERTEC by 199.0% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of EVERTEC in the third quarter valued at about $55,000. Finally, Blue Trust Inc. boosted its holdings in 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 hedge funds and other institutional investors.

Insider Activity at EVERTEC

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction 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. This represents a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Karla Cruz sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $36.77, for a total transaction of $73,540.00. Following the sale, the chief accounting officer now owns 18,065 shares in the company, valued at approximately $664,250.05. This trade represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EVTC has been the subject of a number of research analyst reports. William Blair reaffirmed 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 lifted their price objective for the stock from $28.00 to $30.00 in a report on Thursday, February 27th.

EVERTEC Stock Performance

NYSE:EVTC opened at $36.68 on Friday. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $39.98. The company has a market capitalization of $2.33 billion, a P/E ratio of 28.66, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. 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 has a 50-day moving average price of $34.73 and a two-hundred day moving average price of $34.31.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. EVERTEC’s dividend payout ratio is currently 11.56%.

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.