EVERTEC, Inc. (NYSE:EVTC) CAO Sells $73,540.00 in Stock

EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $36.77, for a total value of $73,540.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

EVERTEC Stock Down 0.6 %

Shares of EVTC stock traded down $0.22 during trading hours on Friday, reaching $37.24. The company had a trading volume of 368,392 shares, compared to its average volume of 331,232. 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 twelve month low of $28.76 and a twelve month high of $40.67. The company has a market capitalization of $2.37 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The stock’s fifty day simple moving average is $33.69 and its 200 day simple moving average is $33.89.

EVERTEC Announces Dividend

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

Institutional Investors Weigh In On EVERTEC

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its stake in shares of EVERTEC by 4,525.0% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock valued at $26,000 after buying an additional 724 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of EVERTEC in the third quarter valued at about $28,000. Fifth Third Bancorp grew its stake in shares of EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after buying an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of EVERTEC by 199.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after buying an additional 794 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of EVERTEC in the third quarter valued at about $55,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Ratings Changes

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

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.