Dimensional Fund Advisors LP Has $56.23 Million Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

Dimensional Fund Advisors LP increased its position in EVERTEC, Inc. (NYSE:EVTC) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,628,404 shares of the business services provider’s stock after acquiring an additional 32,330 shares during the quarter. Dimensional Fund Advisors LP’s holdings in EVERTEC were worth $56,229,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EVTC. Quadrant Capital Group LLC raised its stake in shares of EVERTEC by 4,525.0% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 724 shares during the last quarter. Fifth Third Bancorp raised 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 during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 buying an additional 794 shares during the period. Blue Trust Inc. grew its position 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 buying an additional 764 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of EVERTEC by 34.8% in the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider’s stock valued at $110,000 after buying an additional 823 shares during the period. Institutional investors own 96.80% of the company’s stock.

EVERTEC Stock Up 1.7 %

Shares of EVERTEC stock opened at $34.59 on Friday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 1.43 and a beta of 1.00. The stock’s 50-day moving average is $35.19 and its 200 day moving average is $34.35. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $38.32.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. EVERTEC’s dividend payout ratio (DPR) is 11.56%.

Insider Activity

In other news, CAO Karla Cruz sold 2,000 shares of the business’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 completion of the sale, the chief accounting officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the 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 completion of the transaction, the chief executive officer now owns 282,172 shares in the company, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,170 shares of company stock worth $7,149,206 in the last quarter. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EVTC shares. 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 research note on Thursday, February 27th. William Blair restated an “outperform” rating on shares of EVERTEC in a research report 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.