Karla Cruz Sells 2,000 Shares of EVERTEC, Inc. (NYSE:EVTC) Stock

EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the transaction, the chief accounting officer now owns 18,065 shares in the company, valued at $664,250.05. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

EVERTEC Stock Performance

NYSE EVTC opened at $37.24 on Friday. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $40.67. The company has a market capitalization of $2.37 billion, a P/E ratio of 29.09, a PEG ratio of 1.43 and a beta of 1.15. The business has a 50 day moving average price of $33.69 and a 200 day moving average price of $33.89. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97.

EVERTEC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, March 3rd. EVERTEC’s payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Susquehanna upgraded EVERTEC from a “negative” rating to a “neutral” rating and boosted their target price for the stock from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research report on Thursday, February 27th. Finally, Morgan Stanley upgraded EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $33.00 to $35.00 in a research report on Thursday, November 21st.

Hedge Funds Weigh In On EVERTEC

Several hedge funds have recently bought and sold shares of the company. FMR LLC increased its stake in EVERTEC by 4.7% in the 4th quarter. FMR LLC now owns 9,542,103 shares of the business services provider’s stock valued at $329,489,000 after purchasing an additional 427,859 shares in the last quarter. State Street Corp grew its holdings 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 buying an additional 34,410 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in EVERTEC by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,628,404 shares of the business services provider’s stock valued at $56,229,000 after buying an additional 32,330 shares during the last quarter. Northern Trust Corp grew its holdings in EVERTEC by 0.8% during the 4th quarter. Northern Trust Corp now owns 847,176 shares of the business services provider’s stock valued at $29,253,000 after buying an additional 7,073 shares during the last quarter. Finally, North Star Asset Management Inc. grew its holdings in EVERTEC by 3.6% during the 4th quarter. North Star Asset Management Inc. now owns 794,171 shares of the business services provider’s stock valued at $27,423,000 after buying an additional 27,911 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

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.