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

EVERTEC, Inc. (NYSE:EVTC - Get Free Report) CAO Karla Cruz sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $36.77, for a total value of $73,540.00. Following the completion of the sale, the chief accounting officer now directly owns 18,065 shares of the company's stock, valued at approximately $664,250.05. The trade was a 9.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EVERTEC Stock Performance

EVERTEC stock traded down $0.84 during trading hours on Tuesday, hitting $36.06. The stock had a trading volume of 233,189 shares, compared to its average volume of 329,080. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two week high of $40.67. The company has a market cap of $2.29 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.11. The company has a 50-day moving average of $33.79 and a two-hundred day moving average of $33.96. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 3rd will be given a $0.05 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.20 annualized dividend and a yield of 0.55%. EVERTEC's dividend payout ratio (DPR) is currently 11.56%.

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Institutional Investors Weigh In On EVERTEC

Several institutional investors and hedge funds have recently bought and sold shares of EVTC. Fifth Third Bancorp lifted its holdings 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 acquiring an additional 402 shares during the period. Summit Investment Advisors Inc. raised its position in EVERTEC by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider's stock worth $233,000 after purchasing an additional 429 shares in the last quarter. Bridge City Capital LLC raised its position in EVERTEC by 0.9% in the fourth quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock worth $2,375,000 after purchasing an additional 601 shares in the last quarter. Cetera Investment Advisers boosted its holdings in EVERTEC by 6.9% during the fourth quarter. Cetera Investment Advisers now owns 10,645 shares of the business services provider's stock valued at $368,000 after purchasing an additional 690 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in 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 purchasing an additional 724 shares in the last quarter. Institutional investors own 96.80% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on EVTC. William Blair reissued an "outperform" rating on shares of EVERTEC in a research report on Thursday, February 27th. Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $33.00 to $35.00 in a report on Thursday, November 21st. Finally, Susquehanna upgraded shares of 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.