EVERTEC, Inc. (NYSE:EVTC) Stock Holdings Boosted by Bridge City Capital LLC

Bridge City Capital LLC lifted its position in EVERTEC, Inc. (NYSE:EVTC) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,784 shares of the business services provider’s stock after buying an additional 601 shares during the period. Bridge City Capital LLC owned approximately 0.11% of EVERTEC worth $2,375,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EVTC. Public Employees Retirement System of Ohio bought a new stake in EVERTEC in the third quarter worth about $28,000. Fifth Third Bancorp grew its stake in shares of EVERTEC by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after purchasing an additional 402 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of EVERTEC by 199.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock worth $41,000 after purchasing an additional 794 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in EVERTEC during the third quarter valued at approximately $55,000. Finally, Blue Trust Inc. boosted its holdings in EVERTEC by 55.2% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

EVERTEC Price Performance

Shares of EVTC opened at $37.21 on Friday. The business’s 50-day moving average is $34.26 and its 200-day moving average is $34.14. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.43 and a beta of 1.11. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $40.67.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were paid a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. EVERTEC’s dividend payout ratio (DPR) is currently 11.56%.

Analyst Ratings Changes

EVTC has been the subject of a number of recent research reports. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and upped their target price for the company from $28.00 to $30.00 in a report on Thursday, February 27th.

Insiders Place Their Bets

In related news, CEO Morgan M. Schuessler sold 80,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at approximately $10,567,341.40. This represents a 22.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Karla Cruz sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the transaction, the chief accounting officer now owns 18,065 shares in the company, valued at approximately $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. Insiders have sold a total of 191,170 shares of company stock valued at $7,149,206 in the last three months. Insiders own 0.83% of the company’s stock.

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.