ExodusPoint Capital Management LP Trims Stake in EVERTEC, Inc. (NYSE:EVTC)

ExodusPoint Capital Management LP trimmed its position in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 16.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,141 shares of the business services provider's stock after selling 16,577 shares during the quarter. ExodusPoint Capital Management LP owned 0.14% of EVERTEC worth $3,009,000 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 the company. Norges Bank bought a new stake in EVERTEC in the 4th quarter worth about $6,568,000. JPMorgan Chase & Co. boosted 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 worth $16,647,000 after buying an additional 144,336 shares during the last quarter. Bridge City Capital LLC grew its holdings in shares of EVERTEC by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock valued at $2,375,000 after acquiring an additional 601 shares in the last quarter. LPL Financial LLC increased its position in shares of EVERTEC by 151.2% during the fourth quarter. LPL Financial LLC now owns 21,091 shares of the business services provider's stock valued at $728,000 after acquiring an additional 12,696 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EVERTEC during the fourth quarter valued at approximately $473,000. Institutional investors own 96.80% of the company's stock.

Insider Activity at EVERTEC

In other EVERTEC 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 transaction of $73,540.00. Following the sale, the chief accounting officer now owns 18,065 shares of the company's stock, valued at $664,250.05. The trade was a 9.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paola Perez-Surillo sold 14,585 shares of the firm's 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. In the last three months, insiders have sold 191,170 shares of company stock worth $7,149,206. Company insiders own 0.83% of the company's stock.

Wall Street Analyst Weigh In

EVTC has been the subject of a number of recent analyst reports. Susquehanna upgraded EVERTEC from a "negative" rating to a "neutral" rating and upped their price objective for the company from $28.00 to $30.00 in a research note on Thursday, February 27th. William Blair restated an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th.

EVERTEC Stock Performance

NYSE EVTC traded up $0.11 on Friday, hitting $33.26. 184,859 shares of the stock traded hands, compared to its average volume of 383,478. 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 business's fifty day moving average is $35.19 and its two-hundred day moving average is $34.38. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month high of $38.87. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 1.43 and a beta of 1.00.

EVERTEC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is currently 11.56%.

EVERTEC Company 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.