EVERTEC, Inc. CAO Sells Shares Worth $73,540

EVERTEC, Inc. (NYSE:EVTC) Chief Accounting Officer, Karla Cruz, sold 2,000 shares of the company's stock in a transaction that took place on Friday, March 7th. The shares were sold at an average price of $36.77 each, totaling $73,540.00. After this sale, Cruz now directly holds 18,065 shares of EVERTEC, valued at approximately $664,250.05. This sale indicates a 9.97% reduction in her ownership stake. The details of the transaction were disclosed in a filing with the U.S. Securities and Exchange Commission (SEC), accessible through their website.

EVERTEC Price Performance

During trading on Friday, EVERTEC's stock price slightly declined by $0.22, bringing it to a price of $37.24. In total, 368,392 shares were traded, exceeding the average trading volume of 331,232 shares. The company's 50-day moving average price is currently $33.69, and the 200-day moving average stands at $33.89. EVERTEC has a debt-to-equity ratio of 1.84, a current ratio of 1.97, and a quick ratio of 1.97. The market capitalization of EVERTEC is $2.37 billion, with a price-to-earnings (P/E) ratio of 29.09 and a P/E/G ratio of 1.43. Over the past year, the stock has reached a low of $28.76 and a high of $40.67.

EVERTEC Announces Dividend

Additionally, EVERTEC has announced a quarterly dividend payout to shareholders, which is scheduled for payment on Friday, March 21st. Shareholders of record as of Monday, March 3rd, will receive a dividend of $0.05 per share. The ex-dividend date for this payment is also Monday, March 3rd. Annually, this dividend translates to $0.20 per share, yielding approximately 0.54%. The company’s payout ratio is recorded at 11.56%.

Institutional Trading of EVERTEC

Recent trading activity shows that several institutional investors have actively bought and sold shares in EVERTEC. For instance, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake valued at $3,108,000 in the fourth quarter. Mackenzie Financial Corp invested $368,000 in a new stake during the same period. Moreover, North Star Asset Management Inc. increased its holdings by 3.6%, owning 794,171 shares valued at $27,423,000 after acquiring an additional 27,911 shares. Other firms such as Vident Advisory LLC and Two Sigma Advisers LP also made new purchases and increased their positions, respectively. In total, 96.80% of EVERTEC's stock is currently held by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Brokerage firms have recently issued various ratings for EVERTEC stock. William Blair maintained an "outperform" rating on the shares. Meanwhile, Susquehanna upgraded its rating from "negative" to "neutral" and raised its price target for the stock from $28.00 to $30.00. Morgan Stanley also improved its outlook, moving from an "underweight" rating to an "equal weight" rating, increasing its target price from $33.00 to $35.00.

About EVERTEC

EVERTEC, Inc. is engaged in transaction processing and financial technology services across Latin America and the Caribbean. The company operates through four main segments: Payment Services in Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. EVERTEC provides merchant acquiring services that facilitate electronic payments, including debit, credit, prepaid cards, and electronic benefit transfer (EBT) cards for both point-of-sale and e-commerce merchants.

EVERTEC, Stock, Sale