EVERTEC, Inc. (NYSE:EVTC) Position Boosted by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its position in EVERTEC, Inc. (NYSE:EVTC) by 4,525.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 740 shares of the business services provider’s stock after buying an additional 724 shares during the quarter. Quadrant Capital Group LLC’s holdings in EVERTEC were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in EVERTEC in the fourth quarter worth about $6,568,000. JPMorgan Chase & Co. lifted its holdings in shares of EVERTEC by 42.7% in the 4th quarter. JPMorgan Chase & Co. now owns 482,112 shares of the business services provider’s stock worth $16,647,000 after purchasing an additional 144,336 shares during the last quarter. Bridge City Capital LLC boosted its position in EVERTEC by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider’s stock valued at $2,375,000 after purchasing an additional 601 shares during the period. LPL Financial LLC grew its stake in EVERTEC by 151.2% during the 4th quarter. LPL Financial LLC now owns 21,091 shares of the business services provider’s stock worth $728,000 after buying an additional 12,696 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in EVERTEC in the fourth quarter worth $473,000. 96.80% of the stock is owned by institutional investors.

EVERTEC Trading Up 0.3 %

NYSE:EVTC opened at $33.26 on Friday. The stock has a market cap of $2.13 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $38.87. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s 50-day moving average is $35.19 and its two-hundred day moving average is $34.38.

EVERTEC Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Susquehanna upgraded shares of EVERTEC from a “negative” rating to a “neutral” rating and lifted their price objective for the company from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th.

Insider Activity at EVERTEC

In related news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was 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 directly owns 18,065 shares in the company, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Morgan M. Schuessler sold 80,000 shares of the business’s 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 completion of the sale, the chief executive officer now owns 282,172 shares of the company’s stock, valued at $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. In the last quarter, insiders sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is owned by corporate insiders.

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.