Two Sigma Advisers LP Acquires 60,200 Shares of EVERTEC, Inc. (NYSE:EVTC)

Two Sigma Advisers LP raised its stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 98.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,500 shares of the business services provider's stock after buying an additional 60,200 shares during the quarter. Two Sigma Advisers LP owned about 0.19% of EVERTEC worth $4,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of EVERTEC by 4,525.0% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider's stock worth $26,000 after acquiring an additional 724 shares during the period. Smartleaf Asset Management LLC increased its holdings in EVERTEC by 199.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock worth $41,000 after purchasing an additional 794 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of EVERTEC by 52.1% in the 4th 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 during the period. Johnson Financial Group Inc. bought a new stake in shares of EVERTEC in the fourth quarter valued at about $54,000. Finally, Blue Trust Inc. lifted 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 purchasing an additional 764 shares in the last quarter. 96.80% of the stock is owned by institutional investors.

EVERTEC Stock Down 0.9%

Shares of EVERTEC stock traded down $0.33 on Friday, reaching $36.04. 24,557 shares of the company were exchanged, compared to its average volume of 380,099. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average of $35.09 and a 200 day moving average of $34.77. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $38.56. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 28.23, a PEG ratio of 1.43 and a beta of 1.02.

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 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 business had revenue of $228.79 million for the quarter, compared to analysts' expectations of $217.97 million. During the same quarter in the prior year, the business earned $0.72 EPS. The firm's revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that EVERTEC, Inc. will post 2.63 earnings per share for the current year.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 yield of 0.55%. EVERTEC's dividend payout ratio is currently 10.05%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CAO Karla Cruz sold 2,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were 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 represents a 9.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ivan Pagan sold 6,852 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $36.65, for a total value of $251,125.80. Following the sale, the director now directly owns 12,473 shares in the company, valued at approximately $457,135.45. This trade represents a 35.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,561 shares of company stock worth $9,812,062 over the last three months. Insiders own 0.63% of the company's stock.

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.