Quadrant Capital Group LLC Has $26,000 Stake in EVERTEC, Inc. (NYSE:EVTC)

Quadrant Capital Group LLC lifted its holdings in EVERTEC, Inc. (NYSE:EVTC) by 4,525.0% during the 4th quarter, Holdings Channel reports. The fund owned 740 shares of the business services provider’s stock after acquiring an additional 724 shares during the quarter. Quadrant Capital Group LLC’s holdings in EVERTEC were worth $26,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in EVERTEC in the fourth quarter valued at approximately $6,568,000. Raymond James Financial Inc. acquired a new stake in shares of EVERTEC during the fourth quarter worth $5,356,000. JPMorgan Chase & Co. increased its holdings in EVERTEC by 42.7% in the fourth quarter. JPMorgan Chase & Co. now owns 482,112 shares of the business services provider’s stock valued at $16,647,000 after purchasing an additional 144,336 shares during the last quarter. Intech Investment Management LLC lifted its stake in EVERTEC by 589.5% in the fourth quarter. Intech Investment Management LLC now owns 125,559 shares of the business services provider’s stock valued at $4,336,000 after buying an additional 107,349 shares during the period. Finally, Barclays PLC boosted its holdings in EVERTEC by 385.6% during the third quarter. Barclays PLC now owns 115,398 shares of the business services provider’s stock worth $3,910,000 after buying an additional 91,632 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several recent analyst reports. Susquehanna raised shares of 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 research note on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th.

EVERTEC Price Performance

NYSE:EVTC opened at $33.26 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm has a fifty day simple moving average of $35.19 and a 200 day simple moving average of $34.38. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $38.87. The stock has a market capitalization of $2.13 billion, a PE ratio of 25.99, a P/E/G ratio of 1.43 and a beta of 1.00.

EVERTEC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, March 3rd. EVERTEC’s dividend payout ratio is 11.56%.

Insiders Place Their Bets

In other news, EVP Paola Perez-Surillo sold 14,585 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $37.15, for a total value of $541,832.75. Following the completion of the sale, the executive vice president now owns 35,203 shares of the company’s stock, valued at approximately $1,307,791.45. The trade was a 29.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Morgan M. Schuessler sold 80,000 shares of EVERTEC stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold a total of 191,170 shares of company stock valued at $7,149,206 over the last ninety days. 0.83% of the stock is currently owned by company insiders.

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.