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

EVERTEC, Inc. (NYSE:EVTC) EVP Miguel Vizcarrondo sold 8,123 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the transaction, the executive vice president now directly owns 113,915 shares of the company’s stock, valued at $3,883,362.35. The trade was a 6.66 % 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.

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

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

EVERTEC Trading Up 2.8 %

EVTC stock opened at $34.51 on Wednesday. The business has a fifty day moving average of $34.50 and a 200-day moving average of $33.75. The company has a market cap of $2.20 billion, a P/E ratio of 26.96, a PEG ratio of 1.63 and a beta of 1.16. EVERTEC, Inc. has a twelve month low of $28.76 and a twelve month high of $42.21. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84.

EVERTEC (NYSE:EVTC) last released its earnings results on Wednesday, November 6th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.13. The company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $211.51 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. As a group, equities research analysts expect that EVERTEC, Inc. will post 2.55 EPS for the current year.

EVERTEC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, October 28th were paid a $0.05 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. EVERTEC’s payout ratio is presently 15.63%.

Institutional Trading of EVERTEC

A number of institutional investors have recently bought and sold shares of EVTC. Louisiana State Employees Retirement System increased its holdings in EVERTEC by 1.3% in the second quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the business services provider’s stock valued at $1,077,000 after purchasing an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of EVERTEC by 21.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,468 shares of the business services provider’s stock worth $548,000 after buying an additional 2,924 shares during the period. F M Investments LLC bought a new stake in shares of EVERTEC in the 2nd quarter valued at about $5,672,000. nVerses Capital LLC raised its position in shares of EVERTEC by 68.4% in the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 1,300 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in shares of EVERTEC by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 88,055 shares of the business services provider’s stock valued at $2,928,000 after acquiring an additional 17,475 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVTC. William Blair reaffirmed 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 raised their price objective for the company from $33.00 to $35.00 in a research report on Thursday, November 21st. Finally, Susquehanna lowered shares of EVERTEC from a “neutral” rating to a “negative” rating and reduced their target price 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 given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.