Karla Cruz Sells 2,000 Shares of EVERTEC, Inc. (NYSE:EVTC) Stock

EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $36.77, for a total value of $73,540.00. Following the sale, the chief accounting officer now directly owns 18,065 shares in the company, valued at $664,250.05. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EVERTEC Trading Down 0.6 %

EVTC opened at $37.24 on Friday. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 1.43 and a beta of 1.11. The stock’s 50 day moving average price is $33.74 and its 200-day moving average price is $33.92. EVERTEC, Inc. has a one year low of $28.76 and a one year high of $40.67. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97.

EVERTEC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. EVERTEC’s dividend payout ratio is 11.56%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC grew its stake in shares of EVERTEC by 4,525.0% during the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider’s stock valued at $26,000 after buying an additional 724 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in EVERTEC in the third quarter worth approximately $28,000. Fifth Third Bancorp grew its stake in EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock worth $41,000 after purchasing an additional 402 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in EVERTEC by 199.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock worth $41,000 after purchasing an additional 794 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in EVERTEC in the fourth quarter worth approximately $54,000. Institutional investors own 96.80% of the company’s stock.

Analyst Ratings Changes

EVTC has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th. Morgan Stanley raised EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st. Finally, Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and upped their target price for the company from $28.00 to $30.00 in a research note on Thursday, February 27th.

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.