Dimensional Fund Advisors LP Boosts Holdings in EVERTEC, Inc. (NYSE:EVTC)

Dimensional Fund Advisors LP increased its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,628,404 shares of the business services provider's stock after purchasing an additional 32,330 shares during the period. Dimensional Fund Advisors LP owned approximately 2.56% of EVERTEC worth $56,229,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in EVERTEC in the fourth quarter valued at $17,416,000. FMR LLC increased its holdings in shares of EVERTEC by 4.7% in the 4th quarter. FMR LLC now owns 9,542,103 shares of the business services provider's stock valued at $329,489,000 after purchasing an additional 427,859 shares in the last quarter. Norges Bank acquired a new stake in shares of EVERTEC in the fourth quarter valued at about $6,568,000. Raymond James Financial Inc. acquired a new stake in shares of EVERTEC in the fourth quarter valued at about $5,356,000. Finally, JPMorgan Chase & Co. boosted its holdings in EVERTEC by 42.7% during the fourth quarter. JPMorgan Chase & Co. now owns 482,112 shares of the business services provider's stock worth $16,647,000 after buying an additional 144,336 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Morgan M. Schuessler sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 of the company's stock, valued at $10,567,341.40. The trade was a 22.09 % decrease in their ownership of the stock. The transaction 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. Insiders sold 191,170 shares of company stock worth $7,149,206 in the last ninety days. Insiders own 0.63% of the company's stock.

EVERTEC Price Performance

NYSE:EVTC traded up $0.02 during mid-day trading on Tuesday, hitting $34.50. 194,551 shares of the company's stock traded hands, compared to its average volume of 379,732. 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 company has a market cap of $2.21 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. The firm's 50 day simple moving average is $35.23 and its 200 day simple moving average is $34.37. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.32.

EVERTEC Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. EVERTEC's dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

EVTC has been the subject of a number of research reports. William Blair reiterated an "outperform" rating on shares of EVERTEC in a research 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 Company 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.