EVERTEC, Inc. (NYSE:EVTC - Get Free Report) CEO Morgan M. Schuessler sold 80,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $37.45, for a total transaction of $2,996,000.00. Following the completion of the sale, the chief executive officer now directly owns 282,172 shares in the company, valued at $10,567,341.40. This represents a 22.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
EVERTEC Trading Down 2.3 %
Shares of EVTC stock traded down $0.84 during trading hours on Tuesday, reaching $36.06. 233,189 shares of the stock traded hands, compared to its average volume of 329,080. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The firm has a market capitalization of $2.29 billion, a PE ratio of 28.17, a PEG ratio of 1.43 and a beta of 1.11. EVERTEC, Inc. has a 1-year low of $28.76 and a 1-year high of $40.67. The business has a fifty day moving average price of $33.79 and a 200 day moving average price of $33.96.
EVERTEC Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be given 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 yield of 0.55%. EVERTEC's payout ratio is presently 11.56%.
Institutional Investors Weigh In On EVERTEC
A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised 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 valued at $41,000 after purchasing an additional 402 shares in the last quarter. Summit Investment Advisors Inc. lifted its position in shares of 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 buying an additional 429 shares during the last quarter. Bridge City Capital LLC boosted its stake in shares of 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 in the last quarter. Cetera Investment Advisers increased its holdings in shares of EVERTEC by 6.9% during the 4th quarter. Cetera Investment Advisers now owns 10,645 shares of the business services provider's stock valued at $368,000 after acquiring an additional 690 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of EVERTEC by 4,525.0% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the business services provider's stock valued at $26,000 after acquiring an additional 724 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on EVTC. William Blair restated an "outperform" rating on shares of EVERTEC in a research note on Thursday, February 27th. Susquehanna raised shares of EVERTEC from a "negative" rating to a "neutral" rating and lifted their price target for the company from $28.00 to $30.00 in a report on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of EVERTEC from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st.
View Our Latest Analysis on EVTC
About EVERTEC
(
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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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