DF Dent & Co. Inc. Cuts Position in EVERTEC, Inc. (NYSE:EVTC)

DF Dent & Co. Inc. trimmed its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 434,649 shares of the business services provider's stock after selling 20,805 shares during the quarter. DF Dent & Co. Inc. owned 0.68% of EVERTEC worth $15,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in EVTC. Fifth Third Bancorp raised its stake in shares of EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock valued at $41,000 after buying an additional 402 shares during the period. Bridge City Capital LLC grew its stake in EVERTEC by 0.9% in 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 buying an additional 601 shares in the last quarter. Blue Trust Inc. raised its holdings in EVERTEC by 55.2% during the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock valued at $73,000 after acquiring an additional 764 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of EVERTEC by 199.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock worth $41,000 after acquiring an additional 794 shares during the period. Finally, KBC Group NV grew its position in shares of EVERTEC by 34.8% in the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider's stock valued at $110,000 after purchasing an additional 823 shares in the last quarter. Institutional investors own 96.80% of the company's stock.

Insider Buying and Selling

In other news, CAO Karla Cruz sold 2,000 shares of the firm'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 transaction, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This trade represents a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Morgan M. Schuessler sold 80,000 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 191,170 shares of company stock valued at $7,149,206 over the last quarter. 0.83% of the stock is owned by company insiders.

EVERTEC Trading Up 0.2 %

Shares of EVERTEC stock traded up $0.06 during trading on Tuesday, reaching $32.86. 53,908 shares of the stock were exchanged, compared to its average volume of 385,274. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $39.50. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The stock's fifty day moving average is $35.10 and its 200 day moving average is $34.39. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00.

EVERTEC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a dividend yield of 0.61%. EVERTEC's dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

A number of research firms have weighed in on EVTC. William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and upped their price target for the stock from $28.00 to $30.00 in a report on Thursday, February 27th.

About EVERTEC

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.