JLB & Associates Inc. Has $558,000 Position in EVERTEC, Inc. (NYSE:EVTC)

JLB & Associates Inc. cut its holdings in EVERTEC, Inc. (NYSE:EVTC) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,150 shares of the business services provider’s stock after selling 3,224 shares during the quarter. JLB & Associates Inc.’s holdings in EVERTEC were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in shares of EVERTEC by 36.6% in the third quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock valued at $308,882,000 after buying an additional 2,440,680 shares in the last quarter. State Street Corp increased its stake in shares of EVERTEC by 1.4% in the third quarter. State Street Corp now owns 2,494,349 shares of the business services provider’s stock valued at $84,533,000 after buying an additional 34,410 shares in the last quarter. River Road Asset Management LLC increased its stake in shares of EVERTEC by 0.3% in the third quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider’s stock valued at $66,649,000 after buying an additional 5,899 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of EVERTEC by 9.9% in the third quarter. Natixis Advisors LLC now owns 582,608 shares of the business services provider’s stock valued at $19,745,000 after buying an additional 52,586 shares in the last quarter. Finally, DF Dent & Co. Inc. increased its stake in shares of EVERTEC by 27.5% in the third quarter. DF Dent & Co. Inc. now owns 455,454 shares of the business services provider’s stock valued at $15,435,000 after buying an additional 98,341 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other EVERTEC news, EVP Daniel Brignardello sold 3,842 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was 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 of the company’s stock, valued at $1,169,316. This represents 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, EVP Miguel Vizcarrondo sold 8,123 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the transaction, the executive vice president now directly owns 113,915 shares of the company’s stock, valued at approximately $3,883,362.35. This trade represents a 6.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,308 shares of company stock valued at $2,440,112 in the last quarter. 0.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EVTC has been the topic of several recent research reports. Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $33.00 to $35.00 in a report on Thursday, November 21st. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, EVERTEC has an average rating of “Hold” and a consensus price target of $35.00.

EVERTEC Price Performance

Shares of EVTC opened at $33.45 on Friday. 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 stock has a 50 day simple moving average of $33.43 and a 200 day simple moving average of $33.69. EVERTEC, Inc. has a 52-week low of $28.76 and a 52-week high of $41.57. The firm has a market capitalization of $2.13 billion, a PE ratio of 26.13, a P/E/G ratio of 1.48 and a beta of 1.15.

EVERTEC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. EVERTEC’s dividend payout ratio (DPR) is currently 15.63%.

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.