EVERTEC, Inc. (NYSE:EVTC - Get Free Report) EVP Miguel Vizcarrondo sold 7,890 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total transaction of $276,702.30. Following the completion of the transaction, the executive vice president now owns 122,038 shares of the company's stock, valued at approximately $4,279,872.66. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EVERTEC Stock Performance
NYSE:EVTC opened at $33.61 on Friday. 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, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $42.21. The firm's fifty day simple moving average is $34.47 and its 200-day simple moving average is $33.74. The stock has a market cap of $2.14 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16.
EVERTEC (NYSE:EVTC - Get Free Report) last posted its earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.13. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The company had revenue of $211.80 million for the quarter, compared to analyst estimates of $211.51 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. EVERTEC's revenue was up 22.3% compared to the same quarter last year. Analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, October 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, October 28th. EVERTEC's payout ratio is currently 15.63%.
Analyst Ratings Changes
EVTC has been the subject of several recent research reports. Morgan Stanley upgraded EVERTEC from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. William Blair reiterated an "outperform" rating on shares of EVERTEC in a report on Wednesday. Finally, Susquehanna cut shares of EVERTEC from a "neutral" rating to a "negative" rating and decreased their price target for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.00.
Check Out Our Latest Report on EVTC
Hedge Funds Weigh In On EVERTEC
Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new stake in EVERTEC in the 3rd quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in EVERTEC in the third quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. raised its stake in EVERTEC by 866.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider's stock worth $81,000 after purchasing an additional 2,175 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of EVERTEC by 90.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider's stock valued at $104,000 after buying an additional 1,490 shares during the period. Finally, nVerses Capital LLC boosted its holdings in EVERTEC by 68.4% in the second quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider's stock valued at $106,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.
EVERTEC Company Profile
(
Get Free Report)
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.
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