D. E. Shaw & Co. Inc. Has $9.13 Million Position in EVERTEC, Inc. (NYSE:EVTC)

D. E. Shaw & Co. Inc. lifted its holdings in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 264,489 shares of the business services provider's stock after buying an additional 37,628 shares during the period. D. E. Shaw & Co. Inc. owned about 0.42% of EVERTEC worth $9,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management UK Ltd. grew its position in shares of EVERTEC by 100.0% in the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider's stock valued at $1,381,000 after purchasing an additional 20,000 shares during the period. KBC Group NV raised its position in 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 purchasing an additional 823 shares during the period. New York State Common Retirement Fund raised its holdings in shares of EVERTEC by 43.4% during the 4th quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider's stock valued at $4,462,000 after buying an additional 39,139 shares during the period. Amundi lifted its position in shares of EVERTEC by 83.0% during the fourth quarter. Amundi now owns 43,416 shares of the business services provider's stock worth $1,459,000 after purchasing an additional 19,693 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of EVERTEC by 1.8% in the fourth quarter. Rhumbline Advisers now owns 174,264 shares of the business services provider's stock valued at $6,017,000 after purchasing an additional 3,020 shares during the period. Institutional investors and hedge funds own 96.80% of the company's stock.

Insider Activity at EVERTEC

In other EVERTEC news, EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $35.69, for a total value of $674,469.62. Following the transaction, the executive vice president now owns 35,203 shares of the company's stock, valued at approximately $1,256,395.07. This represents a 34.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel Brignardello sold 7,641 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $36.60, for a total transaction of $279,660.60. Following the sale, the executive vice president now owns 31,277 shares in the company, valued at $1,144,738.20. This trade represents a 19.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,709 shares of company stock worth $9,560,936. 0.63% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EVTC has been the subject of several research analyst reports. Keefe, Bruyette & Woods increased their target price on EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. William Blair reissued an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Raymond James boosted their target price on shares of EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, Susquehanna lifted their price target on EVERTEC from $35.00 to $39.00 and gave the stock a "neutral" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, EVERTEC presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

EVERTEC Price Performance

NYSE EVTC traded up $0.07 on Tuesday, reaching $38.28. The company's stock had a trading volume of 29,302 shares, compared to its average volume of 383,870. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The firm's 50 day moving average is $35.07 and its two-hundred day moving average is $34.63. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $38.32. The stock has a market cap of $2.43 billion, a PE ratio of 29.86, a PEG ratio of 1.43 and a beta of 1.02.

EVERTEC (NYSE:EVTC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business had revenue of $228.79 million during the quarter, compared to analysts' expectations of $217.97 million. During the same quarter last year, the firm posted $0.72 earnings per share. EVERTEC's revenue was up 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that EVERTEC, Inc. will post 2.63 EPS for the current year.

EVERTEC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, May 13th. EVERTEC's dividend payout ratio (DPR) is currently 10.05%.

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.