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

EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo sold 7,890 shares of EVERTEC stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total transaction of $276,702.30. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

EVERTEC Stock Up 0.0 %

Shares of NYSE:EVTC opened at $33.61 on Friday. The stock has a 50-day simple moving average of $34.47 and a 200-day simple moving average of $33.74. The stock 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 1 year low of $28.76 and a 1 year high of $42.21. 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) 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 net margin of 10.20% and a return on equity of 33.01%. The business had revenue of $211.80 million for the quarter, compared to analyst estimates of $211.51 million. During the same quarter in the previous year, the business posted $0.72 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Equities analysts forecast that EVERTEC, Inc. will post 2.55 earnings per share for the current year.

EVERTEC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, October 28th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, October 28th. EVERTEC’s dividend payout ratio (DPR) is 15.63%.

Wall Street Analyst Weigh In

EVTC has been the topic of a number of research analyst reports. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Wednesday. Susquehanna downgraded shares of EVERTEC from a “neutral” rating to a “negative” rating and lowered their target price for the company from $38.00 to $28.00 in a report on Thursday, September 5th. Finally, Morgan Stanley raised shares of EVERTEC from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. One research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Investors Weigh In On EVERTEC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new position in shares of EVERTEC in the third quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of EVERTEC in the 3rd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 buying an additional 2,175 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of EVERTEC by 90.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider’s stock worth $104,000 after buying an additional 1,490 shares in the last quarter. Finally, nVerses Capital LLC increased its stake 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 buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

About EVERTEC

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.