EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,981 shares of the business services provider's stock after selling 41,841 shares during the period. Jane Street Group LLC owned about 0.07% of EVERTEC worth $1,622,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EVTC. Barclays PLC raised its stake in EVERTEC by 385.6% during the third quarter. Barclays PLC now owns 115,398 shares of the business services provider's stock worth $3,910,000 after acquiring an additional 91,632 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in shares of 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 valued at $1,381,000 after purchasing an additional 20,000 shares during the last quarter. SG Americas Securities LLC raised its position in shares of EVERTEC by 10.2% during the 4th quarter. SG Americas Securities LLC now owns 30,269 shares of the business services provider's stock worth $1,045,000 after purchasing an additional 2,790 shares during the period. Fifth Third Bancorp raised its position in shares of EVERTEC by 52.1% during the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock worth $41,000 after purchasing an additional 402 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of EVERTEC by 55.2% in the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock worth $73,000 after purchasing an additional 764 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on EVTC. William Blair restated an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. 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. Susquehanna upped their price target on shares of EVERTEC from $35.00 to $39.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Raymond James increased their price objective on shares of EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, EVERTEC currently has a consensus rating of "Moderate Buy" and an average target price of $40.00.

Insider Buying and Selling at EVERTEC

In other news, 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 $1,144,738.20. The trade was a 19.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Morgan M. Schuessler sold 80,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the completion of the sale, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. The trade was a 22.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 257,709 shares of company stock valued at $9,560,936. 0.63% of the stock is owned by corporate insiders.

EVERTEC Price Performance

EVTC stock traded down $0.68 during trading on Thursday, hitting $37.08. The company had a trading volume of 231,558 shares, compared to its average volume of 384,653. The business has a 50 day moving average of $35.16 and a 200 day moving average of $34.68. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.43 and a beta of 1.02. 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, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $38.56.

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, topping analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $228.79 million for the quarter, compared to the consensus estimate of $217.97 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, research analysts predict 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 given a $0.05 dividend. The ex-dividend date of this dividend 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 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.