Sapience Investments LLC Has $2.27 Million Position in EVERTEC, Inc. (NYSE:EVTC)

Sapience Investments LLC lessened its stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 14.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,669 shares of the business services provider's stock after selling 10,800 shares during the quarter. Sapience Investments LLC owned about 0.10% of EVERTEC worth $2,268,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in EVERTEC by 4,525.0% in the 4th 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. Smartleaf Asset Management LLC lifted its stake in EVERTEC by 199.0% during the fourth 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 during the last quarter. Fifth Third Bancorp boosted its holdings in EVERTEC by 52.1% during the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock worth $41,000 after buying an additional 402 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in EVERTEC in the fourth quarter worth approximately $54,000. Finally, Blue Trust Inc. increased its holdings in shares of EVERTEC by 55.2% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Insiders Place Their Bets

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

EVERTEC Stock Down 1.1%

NYSE:EVTC traded down $0.43 during trading hours on Thursday, hitting $37.33. 67,490 shares of the stock traded hands, compared to its average volume of 384,013. The firm has a 50 day moving average price of $35.16 and a 200 day moving average price of $34.68. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 1.43 and a beta of 1.02. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $38.56. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC (NYSE:EVTC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.87 earnings per share for the quarter, beating 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 firm had revenue of $228.79 million for the quarter, compared to analyst estimates of $217.97 million. During the same period in the previous year, the firm earned $0.72 earnings per share. EVERTEC's quarterly revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate that EVERTEC, Inc. will post 2.63 earnings per share for the current year.

EVERTEC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. EVERTEC's dividend payout ratio (DPR) is currently 10.05%.

Analyst Upgrades and Downgrades

EVTC has been the subject of several research reports. Keefe, Bruyette & Woods raised their price objective on EVERTEC from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Raymond James lifted their price target on EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on shares of EVERTEC from $35.00 to $39.00 and gave the stock a "neutral" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, EVERTEC has an average rating of "Moderate Buy" and an average target price of $40.00.

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.