EVERTEC, Inc. (NYSE:EVTC) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP grew its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 279,085 shares of the business services provider's stock after buying an additional 11,606 shares during the period. Two Sigma Investments LP owned about 0.44% of EVERTEC worth $9,637,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted 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 purchasing an additional 91,632 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of EVERTEC by 10.2% in the 4th quarter. SG Americas Securities LLC now owns 30,269 shares of the business services provider's stock worth $1,045,000 after buying an additional 2,790 shares during the last quarter. Fifth Third Bancorp lifted its position 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 worth $41,000 after buying an additional 402 shares during the last quarter. Blue Trust Inc. boosted 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 valued at $73,000 after buying an additional 764 shares during the period. Finally, KBC Group NV grew its position in shares of EVERTEC by 34.8% during the 4th quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock valued at $110,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

EVERTEC Stock Performance

Shares of NYSE EVTC traded down $0.33 during midday trading on Friday, hitting $36.04. 24,557 shares of the company's stock were exchanged, compared to its average volume of 380,099. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $38.56. The firm has a market cap of $2.29 billion, a P/E ratio of 28.23, a PEG ratio of 1.43 and a beta of 1.02. The stock's 50 day moving average price is $35.09 and its 200-day moving average price 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 (NYSE:EVTC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $217.97 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm's quarterly revenue was up 11.4% on a year-over-year basis. Equities research analysts anticipate that EVERTEC, Inc. will post 2.63 EPS for the current year.

EVERTEC Announces Dividend

The business also recently declared 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 is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. EVERTEC's dividend payout ratio (DPR) is 10.05%.

Insider Transactions at EVERTEC

In other news, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction 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 transaction, the chief executive officer now directly owns 282,172 shares in the company, valued at approximately $10,567,341.40. This trade represents a 22.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Brignardello sold 7,641 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 31,277 shares of the company's stock, valued at approximately $1,144,738.20. This trade represents a 19.63% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 264,561 shares of company stock valued at $9,812,062. Company insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

EVTC has been the topic of a number of recent research reports. Susquehanna set a $39.00 target price on shares of EVERTEC and gave the stock a "neutral" rating in a report on Tuesday, May 20th. William Blair reissued an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Keefe, Bruyette & Woods upped 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. Finally, Raymond James raised their target price 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

About EVERTEC

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.