Aristides Capital LLC Purchases 30,270 Shares of EVERTEC, Inc. (NYSE:EVTC)

Aristides Capital LLC increased its position in EVERTEC, Inc. (NYSE:EVTC) by 71.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,689 shares of the business services provider’s stock after buying an additional 30,270 shares during the period. EVERTEC comprises approximately 0.5% of Aristides Capital LLC’s holdings, making the stock its 29th largest position. Aristides Capital LLC owned 0.11% of EVERTEC worth $2,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EVTC. Quadrant Capital Group LLC boosted its stake in shares of EVERTEC by 4,525.0% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock worth $26,000 after acquiring an additional 724 shares during the period. Public Employees Retirement System of Ohio bought a new position in EVERTEC in the 3rd quarter worth approximately $28,000. Fifth Third Bancorp raised its position 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 lifted 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 worth $41,000 after buying an additional 794 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of EVERTEC in the third quarter worth $55,000. 96.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EVTC shares. Susquehanna upgraded shares of EVERTEC from a “negative” rating to a “neutral” rating and lifted their price target for the company from $28.00 to $30.00 in a report on Thursday, February 27th. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th.

Insiders Place Their Bets

In other news, CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $36.77, for a total transaction of $73,540.00. Following the transaction, the chief accounting officer now owns 18,065 shares of the company’s stock, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Morgan M. Schuessler sold 80,000 shares of the 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 sale, the chief executive officer now owns 282,172 shares in the company, valued at $10,567,341.40. The trade was a 22.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 191,170 shares of company stock valued at $7,149,206 over the last ninety days. 0.83% of the stock is owned by insiders.

EVERTEC Price Performance

EVTC stock opened at $33.88 on Friday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $39.50. The firm has a market capitalization of $2.15 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The company has a fifty day simple moving average of $35.10 and a two-hundred day simple 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.

EVERTEC Dividend Announcement

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

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.