Miguel Vizcarrondo Sells 8,123 Shares of EVERTEC, Inc. (NYSE:EVTC) Stock

EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo sold 8,123 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.09, for a total value of $276,913.07. Following the sale, the executive vice president now owns 113,915 shares of the company’s stock, valued at $3,883,362.35. This represents a 6.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Miguel Vizcarrondo also recently made the following trade(s):

• On Wednesday, December 18th, Miguel Vizcarrondo sold 7,890 shares of EVERTEC stock. The shares were sold at an average price of $35.07, for a total value of $276,702.30.

EVERTEC Stock Down 0.1 %

NYSE:EVTC traded down $0.03 during trading hours on Monday, hitting $33.58. The stock had a trading volume of 253,049 shares, compared to its average volume of 387,541. The company has a market cap of $2.14 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The business has a 50 day simple moving average of $34.47 and a two-hundred day simple moving average of $33.74. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $42.21. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC (NYSE:EVTC) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $211.51 million. During the same period last year, the business earned $0.72 EPS. The business’s revenue was up 22.3% on a year-over-year basis. Analysts predict that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Monday, October 28th. EVERTEC’s dividend payout ratio (DPR) is 15.63%.

Analyst Ratings Changes

EVTC has been the topic of several research reports. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and raised their price target 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 research note on Wednesday, December 18th. 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 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.00.

Institutional Investors Weigh In On EVERTEC

Hedge funds have recently bought and sold shares of the business. FMR LLC raised its position in shares of EVERTEC by 36.6% in the 3rd quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock valued at $308,882,000 after purchasing an additional 2,440,680 shares in the last quarter. American Century Companies Inc. raised its holdings in EVERTEC by 5.0% in the second quarter. American Century Companies Inc. now owns 4,370,476 shares of the business services provider’s stock valued at $145,318,000 after acquiring an additional 208,183 shares in the last quarter. State Street Corp boosted its stake in EVERTEC by 1.4% during the 3rd quarter. State Street Corp now owns 2,494,349 shares of the business services provider’s stock valued at $84,533,000 after acquiring an additional 34,410 shares during the last quarter. Victory Capital Management Inc. grew its holdings in EVERTEC by 9.0% during the 2nd quarter. Victory Capital Management Inc. now owns 2,298,373 shares of the business services provider’s stock worth $76,421,000 after acquiring an additional 189,637 shares in the last quarter. Finally, River Road Asset Management LLC increased its position in shares of EVERTEC by 0.3% in the 3rd quarter. River Road Asset Management LLC now owns 1,966,626 shares of the business services provider’s stock worth $66,649,000 after purchasing an additional 5,899 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

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.