Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares in EVERTEC, Inc. (NYSE:EVTC)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 90,001 shares of the business services provider's stock, valued at approximately $3,108,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of EVERTEC at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of EVTC. Quadrant Capital Group LLC increased its holdings in shares of EVERTEC by 4,525.0% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider's stock worth $26,000 after buying an additional 724 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in EVERTEC by 199.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock valued at $41,000 after buying an additional 794 shares during the last quarter. Fifth Third Bancorp boosted its position in 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 buying an additional 402 shares during the last quarter. Johnson Financial Group Inc. purchased a new position in EVERTEC in the 4th quarter valued at about $54,000. Finally, Blue Trust Inc. raised its stake 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 purchasing an additional 764 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

EVERTEC Stock Up 1.2%

EVTC stock traded up $0.45 during midday trading on Friday, reaching $36.77. The company had a trading volume of 244,571 shares, compared to its average volume of 376,550. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.56. 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 market capitalization of $2.34 billion, a P/E ratio of 28.73, a PEG ratio of 1.43 and a beta of 1.02. The company has a 50 day moving average of $34.99 and a two-hundred day moving average of $34.82.

EVERTEC (NYSE:EVTC - Get Free Report) last released its 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 net margin of 10.20% and a return on equity of 33.01%. The company had revenue of $228.79 million during the quarter, compared to the consensus estimate of $217.97 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company's revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts expect that EVERTEC, Inc. will post 2.63 earnings per share for the current fiscal year.

EVERTEC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC's dividend payout ratio is currently 10.05%.

Insider Activity

In other EVERTEC news, EVP Miguel Vizcarrondo sold 40,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $36.44, for a total transaction of $1,457,600.00. Following the completion of the sale, the executive vice president now directly owns 92,509 shares in the company, valued at $3,371,027.96. This represents a 30.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ivan Pagan sold 6,852 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $36.65, for a total transaction of $251,125.80. Following the sale, the director now owns 12,473 shares of the company's stock, valued at $457,135.45. This trade represents a 35.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,391 shares of company stock worth $2,662,856. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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