Insider Selling: EVERTEC, Inc. (NYSE:EVTC) EVP Sells $276,702.30 in Stock

EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo sold 7,890 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total value of $276,702.30. Following the completion of the sale, the executive vice president now owns 122,038 shares of the company’s stock, valued at $4,279,872.66. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

EVERTEC Stock Up 0.0 %

Shares of EVERTEC stock opened at $33.61 on Monday. EVERTEC, Inc. has a 12-month low of $28.76 and a 12-month high of $42.21. The firm has a market capitalization 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. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The stock’s fifty day moving average is $34.47 and its 200-day moving average is $33.74.

EVERTEC (NYSE:EVTC) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $211.80 million for the quarter, compared to the consensus estimate of $211.51 million. During the same quarter in the previous year, the company earned $0.72 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. Equities analysts anticipate that EVERTEC, Inc. will post 2.55 earnings per share for the current year.

EVERTEC Announces Dividend

The company also recently disclosed 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 dividend payout ratio is 15.63%.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several research analyst reports. Morgan Stanley upgraded 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 report on Thursday, November 21st. William Blair reissued an “outperform” rating on shares of EVERTEC in a report on Wednesday, December 18th. Finally, Susquehanna cut shares of EVERTEC from a “neutral” rating to a “negative” rating and lowered their price objective for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of EVERTEC

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of EVERTEC in the third quarter worth $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in EVERTEC during the 3rd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. grew its stake in EVERTEC by 866.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock valued at $81,000 after acquiring an additional 2,175 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of EVERTEC by 90.7% in 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 purchasing an additional 1,490 shares during the period. Finally, nVerses Capital LLC lifted its position in shares of EVERTEC by 68.4% in the second quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock worth $106,000 after purchasing an additional 1,300 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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.