EVERTEC, Inc. (NYSE:EVTC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in EVERTEC, Inc. (NYSE:EVTC - Free Report) by 40.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,326 shares of the business services provider's stock after selling 187,300 shares during the period. Renaissance Technologies LLC owned 0.44% of EVERTEC worth $9,680,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC lifted its position in shares of EVERTEC by 4,525.0% in 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 during the period. Public Employees Retirement System of Ohio purchased a new stake in EVERTEC during the 3rd quarter worth approximately $28,000. Fifth Third Bancorp grew its holdings in shares of EVERTEC by 52.1% during 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 last quarter. Smartleaf Asset Management LLC increased 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 valued at $41,000 after purchasing an additional 794 shares during the period. Finally, Blue Trust Inc. increased its holdings in EVERTEC by 55.2% in the 4th quarter. Blue Trust Inc. now owns 2,148 shares of the business services provider's stock worth $73,000 after buying an additional 764 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EVERTEC

In related news, EVP Paola Perez-Surillo sold 14,585 shares of the business'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 sale, the executive vice president now owns 35,203 shares in the company, valued at approximately $1,307,791.45. The trade was a 29.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Karla Cruz sold 2,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was 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 in the company, valued at $664,250.05. This trade represents a 9.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,170 shares of company stock valued at $7,149,206. 0.83% of the stock is owned by company insiders.

EVERTEC Price Performance

NYSE EVTC traded up $0.74 during trading hours on Tuesday, hitting $32.77. 271,115 shares of the company's stock traded hands, compared to its average volume of 383,440. The company has a market capitalization of $2.10 billion, a PE ratio of 25.60, a PEG ratio of 1.43 and a beta of 1.00. The firm's 50-day moving average is $35.17 and its 200-day moving average is $34.34. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $38.87. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Monday, March 3rd. EVERTEC's dividend payout ratio (DPR) is currently 11.56%.

Analysts Set New Price Targets

A number of research firms have weighed in on EVTC. Susquehanna upgraded EVERTEC from a "negative" rating to a "neutral" rating and lifted 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 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.