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 business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $35.69, for a total transaction of $674,469.62. Following the sale, the executive vice president now owns 35,203 shares in the company, valued at $1,256,395.07. This represents a 34.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EVERTEC Stock Performance

EVERTEC stock traded up $0.82 during mid-day trading on Monday, reaching $36.55. The company had a trading volume of 490,274 shares, compared to its average volume of 383,296. 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, Inc. has a 52 week low of $28.76 and a 52 week high of $38.32. The company has a 50 day moving average of $35.01 and a 200-day moving average of $34.46. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.43 and a beta of 1.02.

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

EVERTEC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid 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 dividend payout ratio is 10.05%.

Institutional Investors Weigh In On EVERTEC

A number of hedge funds have recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position in shares of EVERTEC by 19.3% during the 1st quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider's stock worth $68,000 after purchasing an additional 300 shares in the last quarter. Fifth Third Bancorp grew its position in shares of EVERTEC by 52.1% during 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 period. Summit Investment Advisors Inc. grew its position in shares of EVERTEC by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider's stock worth $233,000 after buying an additional 429 shares during the period. Blue Trust Inc. grew its position in shares of EVERTEC by 39.2% during 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 period. Finally, Bridge City Capital LLC boosted its stake in EVERTEC by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock worth $2,375,000 after acquiring an additional 601 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on EVTC shares. Keefe, Bruyette & Woods upped their price objective on shares of EVERTEC from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday. Raymond James upped their price objective on shares of EVERTEC from $39.00 to $42.00 and gave the stock an "outperform" rating in a report on Thursday. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and upped their price objective for the stock from $28.00 to $30.00 in a report on Thursday, February 27th. Finally, William Blair reaffirmed an "outperform" rating on shares of EVERTEC in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $37.75.

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.

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