Evertec Inc. (NYSE:EVTC) insider Miguel Vizcarrondo sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $17.00, for a total transaction of $510,000.00. Following the completion of the transaction, the insider now directly owns 192,600 shares of the company’s stock, valued at approximately $3,274,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Evertec Inc. (NYSE:EVTC) traded up 1.45% on Friday, reaching $17.55. 166,601 shares of the company traded hands. The stock has a 50 day moving average of $15.58 and a 200 day moving average of $15.96. Evertec Inc. has a 52-week low of $11.27 and a 52-week high of $17.66. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 16.23 and a beta of 1.17.
Evertec (NYSE:EVTC) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Evertec had a net margin of 21.14% and a return on equity of 120.29%. The company had revenue of $94.47 million for the quarter, compared to the consensus estimate of $95.29 million. During the same period last year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts expect that Evertec Inc. will post $1.71 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Monday, November 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.31%. Evertec’s payout ratio is currently 37.04%.
Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Evertec during the third quarter worth $111,000. BlackRock Inc. increased its stake in Evertec by 66.0% in the second quarter. BlackRock Inc. now owns 7,528 shares of the company’s stock worth $117,000 after buying an additional 2,994 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Evertec by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,042 shares of the company’s stock worth $141,000 after buying an additional 1,099 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Evertec by 84.0% in the second quarter. Acrospire Investment Management LLC now owns 9,200 shares of the company’s stock worth $143,000 after buying an additional 4,200 shares during the last quarter. Finally, AHL Partners LLP bought a new stake in Evertec during the second quarter worth $160,000. Institutional investors own 81.30% of the company’s stock.
A number of research firms have issued reports on EVTC. Compass Point increased their target price on shares of Evertec from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Deutsche Bank AG raised their price target on shares of Evertec from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 29th. Finally, Zacks Investment Research upgraded shares of Evertec from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.40.
Evertec Company Profile