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

EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz sold 2,000 shares of the 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 $664,250.05. This represents a 9.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

EVERTEC Stock Down 0.6 %

Shares of NYSE:EVTC opened at $37.24 on Monday. EVERTEC, Inc. has a 52 week low of $28.76 and a 52 week 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. The company’s fifty day moving average is $33.74 and its 200-day moving average is $33.93. The company has a market capitalization of $2.37 billion, a PE ratio of 29.09, a P/E/G ratio of 1.43 and a beta of 1.11.

EVERTEC Announces Dividend

The company 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 $0.05 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. EVERTEC’s dividend payout ratio is presently 11.56%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EVTC. FMR LLC raised its holdings in shares of EVERTEC by 36.6% in the third quarter. FMR LLC now owns 9,114,244 shares of the business services provider’s stock valued at $308,882,000 after buying an additional 2,440,680 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of EVERTEC in the fourth quarter valued at about $17,416,000. Norges Bank bought a new position in shares of EVERTEC in the fourth quarter valued at about $6,568,000. Ameriprise Financial Inc. raised its holdings in shares of EVERTEC by 41.6% in the fourth quarter. Ameriprise Financial Inc. now owns 568,797 shares of the business services provider’s stock valued at $19,641,000 after buying an additional 166,997 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of EVERTEC in the fourth quarter valued at about $5,356,000. 96.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and increased their price objective for the company from $28.00 to $30.00 in a research report on Thursday, February 27th. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research note on Thursday, February 27th. Finally, Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Thursday, November 21st.

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.