EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo Sells 7,890 Shares

EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo sold 7,890 shares of EVERTEC stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $35.07, for a total value of $276,702.30. Following the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

EVERTEC Trading Up 0.0 %

Shares of EVTC stock opened at $33.61 on Friday. The stock’s fifty day moving average is $34.47 and its two-hundred day moving average is $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. The firm has a market capitalization of $2.14 billion, a P/E ratio of 26.26, a PEG ratio of 1.63 and a beta of 1.16. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $42.21.

EVERTEC (NYSE:EVTC) last issued its earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business had revenue of $211.80 million during the quarter, compared to the consensus estimate of $211.51 million. During the same period last year, the company earned $0.72 EPS. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. Research analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The company also recently declared 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 was Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. EVERTEC’s dividend payout ratio is currently 15.63%.

Institutional Trading of EVERTEC

Several institutional investors have recently made changes to their positions in EVTC. FMR LLC lifted its position in 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 during the last quarter. Edgestream Partners L.P. purchased a new position in shares of EVERTEC during the second quarter worth $8,143,000. American Century Companies Inc. boosted its position in shares of EVERTEC by 5.0% during the second quarter. American Century Companies Inc. now owns 4,370,476 shares of the business services provider’s stock worth $145,318,000 after buying an additional 208,183 shares during the period. Victory Capital Management Inc. grew its stake in shares of EVERTEC by 9.0% in the second quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider’s stock valued at $76,421,000 after buying an additional 189,637 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in shares of EVERTEC in the 2nd quarter valued at $5,672,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Wednesday. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $33.00 to $35.00 in a report on Thursday, November 21st. Finally, Susquehanna lowered EVERTEC from a “neutral” rating to a “negative” rating and dropped their price objective for the company from $38.00 to $28.00 in a report 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.