Jane Street Group LLC Sells 41,841 Shares of EVERTEC, Inc. (NYSE:EVTC)

Jane Street Group LLC trimmed its position in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 47.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,981 shares of the business services provider's stock after selling 41,841 shares during the quarter. Jane Street Group LLC owned about 0.07% of EVERTEC worth $1,622,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management UK Ltd. increased its position in EVERTEC by 100.0% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider's stock worth $1,381,000 after acquiring an additional 20,000 shares during the period. KBC Group NV increased its position in EVERTEC by 34.8% during the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock worth $110,000 after acquiring an additional 823 shares during the period. New York State Common Retirement Fund increased its position in EVERTEC by 43.4% during the fourth quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider's stock worth $4,462,000 after acquiring an additional 39,139 shares during the period. Amundi increased its position in 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 acquiring an additional 19,693 shares during the period. Finally, Rhumbline Advisers increased its position in EVERTEC by 1.8% during the fourth quarter. Rhumbline Advisers now owns 174,264 shares of the business services provider's stock worth $6,017,000 after acquiring an additional 3,020 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

EVERTEC Stock Performance

EVERTEC stock traded down $0.73 on Friday, hitting $36.34. The company's stock had a trading volume of 300,330 shares, compared to its average volume of 383,886. The firm has a market cap of $2.31 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.43 and a beta of 1.02. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average price of $35.15 and a 200-day moving average price of $34.74. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $38.56.

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, beating the consensus estimate of $0.81 by $0.06. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company had revenue of $228.79 million for the quarter, compared to the consensus estimate of $217.97 million. During the same quarter in the previous year, the company earned $0.72 EPS. The firm's revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities 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. Stockholders of record on Tuesday, May 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. EVERTEC's dividend payout ratio is presently 10.05%.

Insider Activity

In related news, CEO Morgan M. Schuessler sold 80,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the transaction, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. This represents a 22.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paola Perez-Surillo sold 14,585 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction of $541,832.75. Following the completion of the sale, the executive vice president now owns 35,203 shares of the company's stock, valued at $1,307,791.45. The trade was a 29.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 257,709 shares of company stock worth $9,560,936. Corporate insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

EVTC has been the topic of a number of research reports. 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. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna set a $39.00 price target on shares of EVERTEC and gave the company a "neutral" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.