Luis A. Rodriguez-Gonzalez Sells 18,898 Shares of EVERTEC, Inc. (NYSE:EVTC) Stock

EVERTEC, Inc. (NYSE:EVTC - Get Free Report) EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $35.69, for a total value of $674,469.62. Following the completion of the sale, the executive vice president now directly owns 35,203 shares in the company, valued at approximately $1,256,395.07. The trade was a 34.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

EVERTEC Stock Performance

Shares of NYSE EVTC traded up $0.48 during trading hours on Friday, hitting $37.75. 425,362 shares of the company's stock were exchanged, compared to its average volume of 385,753. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $38.32. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.43 and a beta of 1.02. The company's 50-day moving average price is $35.02 and its 200-day moving average price is $34.58.

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

EVERTEC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. EVERTEC's dividend payout ratio is 10.05%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. FMR LLC boosted its position in EVERTEC by 4.7% in the 4th quarter. FMR LLC now owns 9,542,103 shares of the business services provider's stock valued at $329,489,000 after buying an additional 427,859 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of EVERTEC by 1.9% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,473,953 shares of the business services provider's stock worth $127,737,000 after purchasing an additional 65,793 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of EVERTEC by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,628,404 shares of the business services provider's stock worth $56,229,000 after purchasing an additional 32,330 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of EVERTEC by 3.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,155,394 shares of the business services provider's stock worth $42,484,000 after purchasing an additional 33,832 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of EVERTEC by 7.1% in the 1st quarter. Northern Trust Corp now owns 907,660 shares of the business services provider's stock worth $33,375,000 after purchasing an additional 60,484 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on EVTC. Keefe, Bruyette & Woods raised their target price on EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Susquehanna upgraded EVERTEC from a "negative" rating to a "neutral" rating and boosted their price objective for the company from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair restated an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th. Finally, Raymond James lifted their target price on 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.75.

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.