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 on Wednesday, December 18th. The shares were sold at an average price of $35.07, for a total value of $276,702.30. Following the sale, the executive vice president now directly owns 122,038 shares of the company’s stock, valued at approximately $4,279,872.66. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

EVERTEC Stock Performance

Shares of NYSE EVTC opened at $33.61 on Monday. The business’s 50-day simple moving average is $34.47 and its 200-day simple moving average is $33.74. 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, Inc. has a 52 week low of $28.76 and a 52 week high of $42.21. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.63 and a beta of 1.16.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, beating 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 company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $211.51 million. During the same quarter last year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities research analysts expect that EVERTEC, Inc. will post 2.55 earnings per share for the current fiscal year.

EVERTEC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, October 28th were given a dividend of $0.05 per share. 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%.

Institutional Investors Weigh In On EVERTEC

A number of hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC bought a new stake in EVERTEC during the 3rd quarter valued at approximately $594,000. Barclays PLC lifted its holdings in shares of EVERTEC by 385.6% during the third quarter. Barclays PLC now owns 115,398 shares of the business services provider’s stock worth $3,910,000 after buying an additional 91,632 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of EVERTEC in the third quarter valued at approximately $28,000. Main Management ETF Advisors LLC bought a new stake in shares of EVERTEC in the third quarter valued at approximately $842,000. Finally, XTX Topco Ltd grew its stake in shares of EVERTEC by 13.2% in the third quarter. XTX Topco Ltd now owns 11,515 shares of the business services provider’s stock worth $390,000 after acquiring an additional 1,343 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EVTC shares. William Blair reiterated an “outperform” rating on shares of EVERTEC in a report on Wednesday, December 18th. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. Finally, Susquehanna lowered shares of EVERTEC from a “neutral” rating to a “negative” rating and dropped their price target for the stock from $38.00 to $28.00 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.00.

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.