Jane Street Group LLC Sells 47,319 Shares of EVERTEC, Inc. (NYSE:EVTC)

Jane Street Group LLC lowered its holdings in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 88,822 shares of the business services provider's stock after selling 47,319 shares during the period. Jane Street Group LLC owned approximately 0.14% of EVERTEC worth $3,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Edgestream Partners L.P. purchased a new position in EVERTEC in the second quarter worth $8,143,000. Aptus Capital Advisors LLC boosted its holdings in shares of EVERTEC by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider's stock worth $2,928,000 after purchasing an additional 17,475 shares in the last quarter. Sei Investments Co. increased its position in shares of EVERTEC by 7.9% during the 2nd quarter. Sei Investments Co. now owns 480,616 shares of the business services provider's stock valued at $15,981,000 after purchasing an additional 35,118 shares during the last quarter. Algert Global LLC raised its holdings in shares of EVERTEC by 1,285.8% during the 3rd quarter. Algert Global LLC now owns 91,341 shares of the business services provider's stock valued at $3,096,000 after buying an additional 84,750 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new stake in EVERTEC in the second quarter worth approximately $280,000. Institutional investors own 96.80% of the company's stock.

Insider Activity

In related news, EVP Daniel Brignardello sold 3,842 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $36.00, for a total value of $138,312.00. Following the sale, the executive vice president now directly owns 32,481 shares of the company's stock, valued at $1,169,316. This represents a 10.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total value of $1,748,184.24. Following the transaction, the chief financial officer now directly owns 54,998 shares of the company's stock, valued at $1,984,327.84. This represents a 46.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,185 shares of company stock valued at $2,163,199. Company insiders own 0.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EVTC. William Blair reissued an "outperform" rating on shares of EVERTEC in a research note on Wednesday. Morgan Stanley raised shares of EVERTEC from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. Finally, Susquehanna cut EVERTEC from a "neutral" rating to a "negative" rating and reduced their price objective for the company from $38.00 to $28.00 in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $35.00.

EVERTEC Trading Up 0.0 %

Shares of NYSE EVTC traded up $0.01 during mid-day trading on Friday, hitting $33.61. The stock had a trading volume of 1,414,991 shares, compared to its average volume of 388,088. The business has a 50 day moving average price of $34.47 and a two-hundred day moving average price of $33.74. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $42.21. 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 firm has a market cap of $2.14 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.

EVERTEC (NYSE:EVTC - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The firm had revenue of $211.80 million for the quarter, compared to analysts' expectations of $211.51 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 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 earnings per share. On average, equities analysts anticipate that EVERTEC, Inc. will post 2.55 EPS for the current fiscal year.

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, October 28th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. EVERTEC's dividend payout ratio is currently 15.63%.

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.