Evertec Inc (NYSE:EVTC) insider Diana I. Rivera-Ramirez sold 1,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.10, for a total value of $42,150.00. Following the completion of the sale, the insider now owns 24,137 shares of the company’s stock, valued at $678,249.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
EVTC stock traded down $0.04 during midday trading on Thursday, reaching $28.67. The company’s stock had a trading volume of 344,534 shares, compared to its average volume of 582,666. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 2.43. Evertec Inc has a 1 year low of $15.85 and a 1 year high of $31.10. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 16.86 and a beta of 0.67.
Evertec (NYSE:EVTC) last released its earnings results on Wednesday, February 20th. The business services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Evertec had a return on equity of 64.03% and a net margin of 19.01%. The business had revenue of $118.20 million for the quarter, compared to analyst estimates of $114.72 million. During the same quarter last year, the firm posted $0.24 earnings per share. The business’s revenue was up 18.7% compared to the same quarter last year. Research analysts expect that Evertec Inc will post 1.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Tuesday, February 26th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 25th. This represents a $0.20 dividend on an annualized basis and a yield of 0.70%. Evertec’s payout ratio is 11.76%.
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Evertec by 2.7% in the fourth quarter. BlackRock Inc. now owns 8,897,120 shares of the business services provider’s stock worth $255,347,000 after purchasing an additional 233,554 shares during the period. FMR LLC increased its stake in Evertec by 2.1% in the third quarter. FMR LLC now owns 6,869,252 shares of the business services provider’s stock worth $165,549,000 after purchasing an additional 141,921 shares during the period. Vanguard Group Inc increased its stake in Evertec by 2.2% in the third quarter. Vanguard Group Inc now owns 6,048,025 shares of the business services provider’s stock worth $145,759,000 after purchasing an additional 131,872 shares during the period. Vanguard Group Inc. increased its stake in Evertec by 2.2% in the third quarter. Vanguard Group Inc. now owns 6,048,025 shares of the business services provider’s stock worth $145,759,000 after purchasing an additional 131,872 shares during the period. Finally, Man Group plc increased its stake in Evertec by 92.3% in the third quarter. Man Group plc now owns 1,604,324 shares of the business services provider’s stock worth $38,665,000 after purchasing an additional 770,031 shares during the period. Institutional investors and hedge funds own 78.88% of the company’s stock.
EVTC has been the subject of a number of analyst reports. Zacks Investment Research downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Keefe, Bruyette & Woods initiated coverage on Evertec in a research report on Thursday, December 6th. They issued an “outperform” rating and a $32.00 price target for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.00.
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Evertec Company Profile
EVERTEC, Inc and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean, Payment Services – Latin America, Merchant Acquiring, and Business Solutions.
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