Susquehanna Fundamental Investments LLC Makes New Investment in EVERTEC, Inc. (NYSE:EVTC)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,443 shares of the business services provider's stock, valued at approximately $2,225,000. Susquehanna Fundamental Investments LLC owned approximately 0.10% of EVERTEC as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in EVERTEC by 385.6% in the 3rd quarter. Barclays PLC now owns 115,398 shares of the business services provider's stock valued at $3,910,000 after acquiring an additional 91,632 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of EVERTEC in the third quarter worth approximately $594,000. JPMorgan Chase & Co. raised its stake in shares of EVERTEC by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider's stock worth $11,447,000 after purchasing an additional 33,462 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in shares of EVERTEC by 100.0% in 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 in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of EVERTEC by 10.2% during the fourth quarter. SG Americas Securities LLC now owns 30,269 shares of the business services provider's stock valued at $1,045,000 after buying an additional 2,790 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Wall Street Analyst Weigh In

EVTC has been the subject of a number of analyst reports. William Blair reissued an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and raised their price target for the company from $28.00 to $30.00 in a research report on Thursday, February 27th.

EVERTEC Stock Performance

EVTC stock traded up $0.15 during midday trading on Monday, hitting $34.75. The company's stock had a trading volume of 30,880 shares, compared to its average volume of 306,416. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 27.16, a PEG 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 stock's 50-day moving average price is $35.19 and its 200 day moving average price is $34.36. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.32.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. EVERTEC's dividend payout ratio (DPR) is currently 11.56%.

Insider Activity at EVERTEC

In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $37.15, for a total value of $541,832.75. Following the completion of the sale, the executive vice president now directly owns 35,203 shares of the company's stock, valued at $1,307,791.45. This trade represents a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Karla Cruz sold 2,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the sale, the chief accounting officer now owns 18,065 shares in the company, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,170 shares of company stock worth $7,149,206. 0.63% of the stock is owned by company insiders.

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.