EVERTEC, Inc. (NYSE:EVTC) EVP Luis A. Rodriguez-Gonzalez Sells 18,898 Shares

EVERTEC, Inc. (NYSE:EVTC) EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $35.69, for a total value of $674,469.62. Following the completion of the transaction, the executive vice president now owns 35,203 shares of the company’s stock, valued at approximately $1,256,395.07. This represents a 34.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EVERTEC Stock Performance

Shares of EVTC opened at $36.90 on Thursday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.43 and a beta of 1.02. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.97 and a current ratio of 1.97. EVERTEC, Inc. has a 1 year low of $28.76 and a 1 year high of $38.32. The company’s 50 day simple moving average is $34.98 and its 200 day simple moving average is $34.49.

EVERTEC (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $228.79 million during the quarter, compared to the consensus estimate of $217.97 million. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.72 earnings per share. On average, sell-side analysts predict that EVERTEC, Inc. will post 2.63 EPS for the current year.

EVERTEC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, May 13th. EVERTEC’s dividend payout ratio is currently 10.05%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EVTC shares. Raymond James upped their price target on shares of EVERTEC from $39.00 to $42.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price objective on EVERTEC from $42.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Susquehanna raised EVERTEC from a “negative” rating to a “neutral” rating and raised their price target for the stock from $28.00 to $30.00 in a research report on Thursday, February 27th. Finally, William Blair reissued an “outperform” rating on shares of EVERTEC in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, EVERTEC presently has an average rating of “Moderate Buy” and a consensus target price of $37.75.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in EVERTEC by 4,525.0% in 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 during the period. Fifth Third Bancorp grew its stake in shares of EVERTEC by 52.1% in the fourth quarter. Fifth Third Bancorp now owns 1,174 shares of the business services provider’s stock valued at $41,000 after buying an additional 402 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of EVERTEC by 199.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,193 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 794 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of EVERTEC during the fourth quarter valued at about $54,000. Finally, Blue Trust Inc. raised its position in shares of EVERTEC by 39.2% in the 1st quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 429 shares in the last quarter. 96.80% of the stock is currently 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.