Aristides Capital LLC Has $2.51 Million Holdings in EVERTEC, Inc. (NYSE:EVTC)

Aristides Capital LLC raised its position in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 71.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,689 shares of the business services provider's stock after purchasing an additional 30,270 shares during the quarter. EVERTEC makes up approximately 0.5% of Aristides Capital LLC's holdings, making the stock its 29th biggest position. Aristides Capital LLC owned about 0.11% of EVERTEC worth $2,510,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in EVERTEC by 4,525.0% in 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 last quarter. Norges Bank bought a new position in shares of EVERTEC during the 4th quarter valued at $6,568,000. JPMorgan Chase & Co. lifted its stake 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 valued at $16,647,000 after purchasing an additional 144,336 shares during the last quarter. Bridge City Capital LLC boosted its holdings in EVERTEC by 0.9% in the fourth 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. Finally, LPL Financial LLC increased its position in EVERTEC by 151.2% during the fourth 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. 96.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other EVERTEC news, EVP Paola Perez-Surillo sold 14,585 shares of EVERTEC stock in a transaction on Friday, March 7th. The shares were sold at an average price of $37.15, for a total transaction of $541,832.75. Following the sale, the executive vice president now owns 35,203 shares in the company, valued at $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction 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 $664,250.05. This trade represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,170 shares of company stock valued at $7,149,206. Insiders own 0.83% of the company's stock.

EVERTEC Stock Performance

Shares of EVERTEC stock traded down $0.17 during midday trading on Friday, hitting $32.98. The company had a trading volume of 44,952 shares, compared to its average volume of 384,023. The stock has a market cap of $2.10 billion, a PE ratio of 25.73, a P/E/G ratio of 1.43 and a beta of 1.00. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $38.87. The business's 50 day simple moving average is $35.18 and its two-hundred day simple moving average is $34.37. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97.

EVERTEC Dividend Announcement

The business also recently disclosed 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 of this dividend was Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. EVERTEC's payout ratio is 11.56%.

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.