F M Investments LLC Sells 121,054 Shares of EVERTEC, Inc. (NYSE:EVTC)

F M Investments LLC trimmed its stake in EVERTEC, Inc. (NYSE:EVTC) by 63.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,219 shares of the business services provider’s stock after selling 121,054 shares during the quarter. F M Investments LLC owned approximately 0.11% of EVERTEC worth $2,459,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its stake in shares of EVERTEC by 4,525.0% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock valued at $26,000 after buying an additional 724 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of EVERTEC in the 3rd quarter valued at about $28,000. Fifth Third Bancorp increased its stake 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 last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 794 shares during the period. Finally, Blue Trust Inc. grew its holdings in EVERTEC by 55.2% during the fourth 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 period. Institutional investors and hedge funds own 96.80% of the company’s stock.

EVERTEC Trading Down 4.3 %

Shares of EVTC stock opened at $33.13 on Friday. EVERTEC, Inc. has a 12-month low of $28.76 and a 12-month high of $38.87. The company has a market capitalization of $2.11 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The firm has a 50 day moving average price of $35.18 and a two-hundred day moving average price of $34.37. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.60%. EVERTEC’s dividend payout ratio (DPR) is presently 11.56%.

Insider Buying and Selling at EVERTEC

In other EVERTEC news, CAO Karla Cruz sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction that occurred on Thursday, March 6th. The shares were 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 of the company’s stock, valued at approximately $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. Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 in the last ninety days. 0.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVTC. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna raised 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 report on Thursday, February 27th.

EVERTEC Company 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.