Nebula Research & Development LLC Has $464,000 Stake in EVERTEC, Inc. (NYSE:EVTC)

Nebula Research & Development LLC lowered its holdings in EVERTEC, Inc. (NYSE:EVTC) by 58.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,424 shares of the business services provider’s stock after selling 19,257 shares during the quarter. Nebula Research & Development LLC’s holdings in EVERTEC were worth $464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FMR LLC increased its position in EVERTEC by 4.7% in the 4th quarter. FMR LLC now owns 9,542,103 shares of the business services provider’s stock valued at $329,489,000 after acquiring an additional 427,859 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EVERTEC by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,628,404 shares of the business services provider’s stock valued at $56,229,000 after buying an additional 32,330 shares during the period. Sei Investments Co. lifted its stake in shares of EVERTEC by 13.4% during the fourth quarter. Sei Investments Co. now owns 575,261 shares of the business services provider’s stock valued at $19,864,000 after acquiring an additional 67,956 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of EVERTEC by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 532,340 shares of the business services provider’s stock valued at $18,382,000 after acquiring an additional 7,614 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in EVERTEC during the 4th quarter valued at about $17,416,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

EVERTEC Stock Up 2.5 %

Shares of NYSE EVTC opened at $34.15 on Wednesday. The firm has a 50 day moving average price of $35.11 and a 200 day moving average price of $34.34. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $2.19 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.43 and a beta of 1.00. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $38.42.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Monday, March 3rd. EVERTEC’s dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, 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 sale, the chief accounting officer now directly owns 18,065 shares of the company’s stock, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the 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 transaction, the chief executive officer now owns 282,172 shares of the company’s stock, valued at approximately $10,567,341.40. This trade represents a 22.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 191,170 shares of company stock worth $7,149,206. Corporate insiders own 0.63% of the company’s stock.

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.