Jane Street Group LLC Has $1.62 Million Position in EVERTEC, Inc. (NYSE:EVTC)

Jane Street Group LLC reduced its holdings in shares of EVERTEC, Inc. (NYSE:EVTC) by 47.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,981 shares of the business services provider’s stock after selling 41,841 shares during the period. Jane Street Group LLC owned 0.07% of EVERTEC worth $1,622,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EVTC. Fifth Third Bancorp boosted its position 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 in the last quarter. Summit Investment Advisors Inc. boosted its position in shares of EVERTEC by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider’s stock worth $233,000 after purchasing an additional 429 shares in the last quarter. Bridge City Capital LLC boosted its position in shares of EVERTEC by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider’s stock worth $2,375,000 after purchasing an additional 601 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of EVERTEC by 4,525.0% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock worth $26,000 after purchasing an additional 724 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of EVERTEC by 55.2% during the 4th 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 in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EVERTEC

In other news, CEO Morgan M. Schuessler sold 80,000 shares of the 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 transaction, the chief executive officer now directly owns 282,172 shares of the company’s stock, valued at $10,567,341.40. This represents a 22.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $35.69, for a total transaction of $674,469.62. Following the transaction, the executive vice president now directly owns 35,203 shares of the company’s stock, valued at $1,256,395.07. This represents a 34.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 257,709 shares of company stock worth $9,560,936. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Raymond James upped their target price on shares of EVERTEC from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Susquehanna upgraded shares of EVERTEC from a “negative” rating to a “neutral” rating and upped their target price for the stock from $28.00 to $30.00 in a report on Thursday, February 27th. Keefe, Bruyette & Woods upped their target price on shares of EVERTEC from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Finally, William Blair restated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $37.75.

EVERTEC Trading Up 1.3%

EVTC opened at $37.75 on Monday. 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 firm has a market capitalization of $2.40 billion, a PE ratio of 29.49, a P/E/G ratio of 1.43 and a beta of 1.02. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $38.32. The company’s 50-day moving average is $35.02 and its 200 day moving average is $34.59.

EVERTEC (NYSE:EVTC) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $228.79 million during the quarter, compared to analyst estimates of $217.97 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, research analysts predict that EVERTEC, Inc. will post 2.63 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $0.20 annualized dividend and a yield of 0.53%. EVERTEC’s dividend payout ratio (DPR) is 10.05%.

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.