EVERTEC, Inc. (NYSE:EVTC) Director Sells $251,125.80 in Stock

EVERTEC, Inc. (NYSE:EVTC - Get Free Report) Director Ivan Pagan sold 6,852 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $36.65, for a total transaction of $251,125.80. Following the completion of the transaction, the director now owns 12,473 shares in the company, valued at approximately $457,135.45. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

EVERTEC Price Performance

EVERTEC stock traded down $0.13 during midday trading on Friday, reaching $36.24. 326,001 shares of the stock were exchanged, compared to its average volume of 381,420. The company's fifty day moving average is $35.06 and its 200-day moving average is $34.77. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $2.31 billion, a PE ratio of 28.31, a PEG ratio of 1.43 and a beta of 1.02. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week high of $38.56.

EVERTEC (NYSE:EVTC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. The business had revenue of $228.79 million for the quarter, compared to analyst estimates of $217.97 million. EVERTEC had a net margin of 10.20% and a return on equity of 33.01%. EVERTEC's revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, sell-side analysts forecast that EVERTEC, Inc. will post 2.63 EPS for the current year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, May 13th. EVERTEC's payout ratio is 10.05%.

Hedge Funds Weigh In On EVERTEC

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its holdings in shares of EVERTEC by 4,525.0% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider's stock worth $26,000 after buying an additional 724 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of EVERTEC by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider's stock worth $41,000 after buying an additional 402 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of EVERTEC by 199.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider's stock worth $41,000 after buying an additional 794 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of EVERTEC by 39.2% in the 1st quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider's stock worth $56,000 after buying an additional 429 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of EVERTEC during the 4th quarter valued at $54,000. Institutional investors own 96.80% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. William Blair restated an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. Susquehanna set a $39.00 price target on shares of EVERTEC and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods upped their price target on shares of EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Raymond James upped their price target on shares of EVERTEC from $39.00 to $42.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, EVERTEC currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.

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.