EVERTEC, Inc. (NYSE:EVTC - Get Free Report) EVP Miguel Vizcarrondo sold 7,890 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $35.07, for a total transaction of $276,702.30. Following the sale, the executive vice president now directly owns 122,038 shares of the company's stock, valued at $4,279,872.66. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE EVTC traded up $0.01 during midday trading on Friday, hitting $33.61. 1,414,991 shares of the company traded hands, compared to its average volume of 388,088. EVERTEC, Inc. has a 12-month low of $28.76 and a 12-month high of $42.21. The firm has a market cap of $2.14 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.63 and a beta of 1.16. The stock has a 50-day moving average price of $34.46 and a 200 day moving average price of $33.74. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97.
EVERTEC (NYSE:EVTC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.13. The firm had revenue of $211.80 million for the quarter, compared to analysts' expectations of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. As a group, analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, October 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. EVERTEC's payout ratio is 15.63%.
Several equities analysts have recently commented on the stock. Morgan Stanley raised shares of EVERTEC from an "underweight" rating to an "equal weight" rating and upped 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 EVERTEC from a "neutral" rating to a "negative" rating and reduced their target price for the company from $38.00 to $28.00 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, EVERTEC has a consensus rating of "Hold" and an average target price of $35.00.
Check Out Our Latest Research Report on EVTC
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System boosted its holdings in EVERTEC by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider's stock worth $1,077,000 after acquiring an additional 400 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in EVERTEC by 21.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,468 shares of the business services provider's stock worth $548,000 after purchasing an additional 2,924 shares in the last quarter. F M Investments LLC purchased a new stake in EVERTEC during the 2nd quarter valued at about $5,672,000. nVerses Capital LLC increased its stake in EVERTEC by 68.4% during the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider's stock valued at $106,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its holdings in EVERTEC by 24.8% in the second quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider's stock worth $2,928,000 after buying an additional 17,475 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company's stock.
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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