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

EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz sold 2,000 shares of EVERTEC stock in a transaction 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 transaction, the chief accounting officer now owns 18,065 shares of the company’s stock, valued at approximately $664,250.05. This trade 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 this hyperlink.

EVERTEC Stock Down 0.6 %

EVERTEC stock opened at $37.24 on Friday. EVERTEC, Inc. has a fifty-two week low of $28.76 and a fifty-two 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 has a market capitalization of $2.37 billion, a P/E ratio of 29.09, a PEG ratio of 1.43 and a beta of 1.15. The stock has a 50-day simple moving average of $33.69 and a 200-day simple moving average of $33.89.

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

Analyst Ratings Changes

A number of brokerages have issued reports on EVTC. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and lifted their price target for the stock from $28.00 to $30.00 in a report on Thursday, February 27th. William Blair reaffirmed an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Finally, Morgan Stanley raised 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 report on Thursday, November 21st.

Institutional Trading of EVERTEC

Several institutional investors and hedge funds have recently made changes to their positions in EVTC. Quadrant Capital Group LLC lifted its holdings in shares of EVERTEC by 4,525.0% in the 4th 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 during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of EVERTEC in the 3rd quarter valued at about $28,000. Fifth Third Bancorp increased its position in EVERTEC by 52.1% in the 4th quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 402 shares during the period. Smartleaf Asset Management LLC increased its position in EVERTEC by 199.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 794 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in EVERTEC in the 4th quarter valued at about $54,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

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.