Jump Financial LLC Boosts Stock Holdings in EVERTEC, Inc. (NYSE:EVTC)

Jump Financial LLC raised its holdings in EVERTEC, Inc. (NYSE:EVTC) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,409 shares of the business services provider’s stock after purchasing an additional 1,384 shares during the quarter. Jump Financial LLC’s holdings in EVERTEC were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Fifth Third Bancorp grew its holdings in EVERTEC by 52.1% during the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after acquiring an additional 402 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of EVERTEC by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider’s stock valued at $233,000 after purchasing an additional 429 shares during the period. Bridge City Capital LLC boosted its holdings in EVERTEC by 0.9% during the fourth quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider’s stock worth $2,375,000 after buying an additional 601 shares in the last quarter. Quadrant Capital Group LLC grew its position in EVERTEC by 4,525.0% during the fourth 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 period. Finally, Blue Trust Inc. increased its holdings in EVERTEC by 55.2% in the fourth 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 in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

EVERTEC Price Performance

EVTC stock opened at $32.78 on Monday. The stock’s 50 day moving average price is $35.21 and its 200 day moving average price is $34.36. The firm has a market cap of $2.10 billion, a P/E ratio of 25.61, a PEG ratio of 1.43 and a beta of 1.00. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.87.

EVERTEC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Monday, March 3rd. EVERTEC’s payout ratio is currently 11.56%.

Insider Buying and Selling

In other news, EVP Paola Perez-Surillo sold 14,585 shares of EVERTEC 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 owns 35,203 shares of the company’s stock, valued at $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Morgan M. Schuessler sold 80,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $37.45, for a total value of $2,996,000.00. Following the completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, 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. In the last quarter, insiders sold 191,170 shares of company stock worth $7,149,206. 0.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

EVERTEC 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.