EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Alpine Peaks Capital LP

Alpine Peaks Capital LP lowered its stake in EVERTEC, Inc. (NYSE:EVTC) by 33.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 172,298 shares of the business services provider’s stock after selling 88,095 shares during the quarter. EVERTEC accounts for about 4.9% of Alpine Peaks Capital LP’s portfolio, making the stock its 10th largest position. Alpine Peaks Capital LP’s holdings in EVERTEC were worth $5,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of EVERTEC by 385.6% in the 3rd quarter. Barclays PLC now owns 115,398 shares of the business services provider’s stock valued at $3,910,000 after purchasing an additional 91,632 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of EVERTEC during the 3rd quarter worth about $594,000. JPMorgan Chase & Co. increased its holdings in shares of EVERTEC by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock valued at $11,447,000 after acquiring an additional 33,462 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. raised its position in shares of EVERTEC by 100.0% during the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider’s stock worth $1,381,000 after acquiring an additional 20,000 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in EVERTEC by 10.2% during the fourth quarter. SG Americas Securities LLC now owns 30,269 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 2,790 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

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

EVERTEC Stock Up 0.3 %

EVTC opened at $32.93 on Thursday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $38.87. The business has a 50 day moving average price of $35.15 and a two-hundred day moving average price of $34.33. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The company has a market cap of $2.11 billion, a PE ratio of 25.73, a P/E/G ratio of 1.43 and a beta of 1.00.

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 paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.61%. EVERTEC’s dividend payout ratio is currently 11.56%.

Insiders Place Their Bets

In related news, 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 value of $73,540.00. Following the completion of the transaction, the chief accounting officer now directly owns 18,065 shares of the company’s stock, valued at $664,250.05. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the business’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 sale, the chief executive officer now owns 282,172 shares in the company, valued at approximately $10,567,341.40. The trade was a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,170 shares of company stock worth $7,149,206. 0.63% of the stock is owned by insiders.

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.