Aristides Capital LLC Boosts Stock Position in EVERTEC, Inc. (NYSE:EVTC)

Aristides Capital LLC raised its holdings in EVERTEC, Inc. (NYSE:EVTC) by 71.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,689 shares of the business services provider’s stock after acquiring an additional 30,270 shares during the quarter. EVERTEC makes up 0.5% of Aristides Capital LLC’s holdings, making the stock its 29th largest holding. Aristides Capital LLC’s holdings in EVERTEC were worth $2,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management UK Ltd. increased its stake in EVERTEC by 100.0% in the 4th quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 40,000 shares of the business services provider’s stock worth $1,381,000 after buying an additional 20,000 shares during the period. Zacks Investment Management bought a new position in EVERTEC in the 3rd quarter worth about $1,258,000. JPMorgan Chase & Co. increased its position in shares of EVERTEC by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 337,776 shares of the business services provider’s stock worth $11,447,000 after acquiring an additional 33,462 shares during the period. KBC Group NV raised its stake in shares of EVERTEC by 34.8% during the fourth quarter. KBC Group NV now owns 3,188 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 823 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of EVERTEC by 43.4% in the fourth quarter. New York State Common Retirement Fund now owns 129,235 shares of the business services provider’s stock valued at $4,462,000 after purchasing an additional 39,139 shares during the period. 96.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EVERTEC news, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC 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 approximately $10,567,341.40. The trade was a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Karla Cruz sold 2,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the sale, the chief accounting officer now owns 18,065 shares of the company’s stock, valued at approximately $664,250.05. This represents a 9.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,170 shares of company stock worth $7,149,206 in the last three months. 0.83% of the stock is owned by insiders.

Analyst Ratings Changes

EVTC has been the topic of several research reports. Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and raised their price objective for the stock from $28.00 to $30.00 in a report on Thursday, February 27th. William Blair restated an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th.

EVERTEC Stock Performance

Shares of NYSE:EVTC opened at $33.88 on Friday. The firm has a 50 day moving average of $35.10 and a 200 day moving average of $34.40. 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 company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 26.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $39.50.

EVERTEC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Monday, March 3rd. EVERTEC’s payout ratio is 11.56%.

EVERTEC 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.