Stifel Financial Corp Decreases Stake in EVERTEC, Inc. (NYSE:EVTC)

Stifel Financial Corp lessened its stake in shares of EVERTEC, Inc. (NYSE:EVTC - Free Report) by 24.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 98,766 shares of the business services provider's stock after selling 32,665 shares during the period. Stifel Financial Corp owned approximately 0.16% of EVERTEC worth $3,347,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in shares of EVERTEC by 1.3% during the second quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider's stock valued at $1,077,000 after buying an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EVERTEC by 21.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,468 shares of the business services provider's stock valued at $548,000 after acquiring an additional 2,924 shares during the period. F M Investments LLC bought a new position in EVERTEC in the 2nd quarter valued at $5,672,000. nVerses Capital LLC increased its stake in EVERTEC by 68.4% in the second quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider's stock worth $106,000 after purchasing an additional 1,300 shares during the period. Finally, Aptus Capital Advisors LLC lifted its position in shares of EVERTEC by 24.8% during the second 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 during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Insider Activity at EVERTEC

In related news, EVP Daniel Brignardello sold 3,842 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.00, for a total transaction of $138,312.00. Following the completion of the transaction, the executive vice president now owns 32,481 shares in the company, valued at $1,169,316. The trade was a 10.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the completion of the sale, the chief financial officer now owns 54,998 shares of the company's stock, valued at approximately $1,984,327.84. This trade represents a 46.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.83% of the stock is currently owned by corporate insiders.

EVERTEC Stock Down 1.0 %

NYSE EVTC traded down $0.35 on Tuesday, reaching $34.85. 245,556 shares of the stock traded hands, compared to its average volume of 384,146. EVERTEC, Inc. has a 12 month low of $28.76 and a 12 month 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 company has a fifty day moving average price of $34.41 and a 200-day moving average price of $33.74. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 27.23, a PEG 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 for the quarter, beating the consensus estimate of $0.73 by $0.13. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The firm had revenue of $211.80 million during the quarter, compared to the consensus estimate of $211.51 million. During the same period in the previous year, the company posted $0.72 earnings per share. The firm's quarterly revenue was up 22.3% on a year-over-year basis. As a group, research analysts forecast 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 paid a dividend of $0.05 per share. 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 0.57%. EVERTEC's dividend payout ratio is presently 15.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Susquehanna cut shares of EVERTEC from a "neutral" rating to a "negative" rating and cut their price target for the stock from $38.00 to $28.00 in a report on Thursday, September 5th. Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st.

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.