EVERTEC, Inc. (NYSE:EVTC) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 70.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,145 shares of the business services provider's stock after selling 24,075 shares during the quarter. BNP Paribas Financial Markets' holdings in EVERTEC were worth $350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in EVERTEC by 52.1% during the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock valued at $41,000 after purchasing an additional 402 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in EVERTEC by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider's stock valued at $233,000 after purchasing an additional 429 shares in the last quarter. Bridge City Capital LLC boosted its position in EVERTEC by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock valued at $2,375,000 after purchasing an additional 601 shares in the last quarter. Quadrant Capital Group LLC boosted its position in 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 purchasing an additional 724 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in EVERTEC by 55.2% during the fourth quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock valued at $73,000 after purchasing an additional 764 shares in the last quarter. Institutional investors own 96.80% of the company's stock.

EVERTEC Stock Down 0.4%

EVERTEC stock traded down $0.13 during midday trading on Friday, reaching $36.24. The company's stock had a trading volume of 326,001 shares, compared to its average volume of 381,420. The stock's 50-day simple moving average is $35.06 and its 200-day simple moving average is $34.77. 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 52-week low of $28.76 and a 52-week high of $38.56. The stock has a market capitalization of $2.31 billion, a P/E ratio of 28.31, a PEG ratio of 1.43 and a beta of 1.02.

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

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Tuesday, May 13th. EVERTEC's payout ratio is 10.05%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EVTC shares. Keefe, Bruyette & Woods raised their price objective on EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Susquehanna set a $39.00 price objective on EVERTEC and gave the company a "neutral" rating in a research report on Tuesday, May 20th. William Blair reiterated an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. Finally, Raymond James increased their price target on EVERTEC from $39.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Insider Transactions at EVERTEC

In related news, CAO Karla Cruz sold 2,000 shares of EVERTEC 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 transaction, the chief accounting officer now directly owns 18,065 shares in the company, valued at approximately $664,250.05. This trade represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel Brignardello sold 7,641 shares of EVERTEC stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $36.60, for a total value 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. This represents a 19.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,561 shares of company stock worth $9,812,062 over the last three months. 0.63% of the stock is currently owned by insiders.

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.