EVERTEC, Inc. (NYSE:EVTC) CEO Morgan M. Schuessler Sells 27,101 Shares

EVERTEC, Inc. (NYSE:EVTC – Get Rating) CEO Morgan M. Schuessler sold 27,101 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $35.94, for a total transaction of $974,009.94. Following the completion of the transaction, the chief executive officer now owns 169,750 shares in the company, valued at approximately $6,100,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EVERTEC Trading Up 3.4 %

EVTC opened at $33.47 on Wednesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 9.56 and a beta of 0.98. The firm’s 50 day moving average is $35.64 and its 200-day moving average is $33.86. EVERTEC, Inc. has a 52-week low of $30.17 and a 52-week high of $42.94. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.82.

EVERTEC (NYSE:EVTC – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The business services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $161.79 million for the quarter, compared to analysts’ expectations of $154.51 million. EVERTEC had a net margin of 38.65% and a return on equity of 31.29%. Analysts expect that EVERTEC, Inc. will post 2.34 EPS for the current fiscal year.

EVERTEC Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, February 27th. EVERTEC’s payout ratio is currently 5.71%.

Analyst Ratings Changes

Several research analysts recently commented on EVTC shares. Raymond James raised their price target on shares of EVERTEC from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. TheStreet upgraded shares of EVERTEC from a “c+” rating to a “b” rating in a research note on Tuesday, January 31st.

Institutional Trading of EVERTEC

A number of hedge funds have recently made changes to their positions in EVTC. River Road Asset Management LLC acquired a new stake in shares of EVERTEC during the third quarter worth approximately $56,134,000. BlackRock Inc. boosted its holdings in EVERTEC by 9.2% in the third quarter. BlackRock Inc. now owns 10,066,208 shares of the business services provider’s stock worth $315,575,000 after purchasing an additional 845,669 shares during the period. Norges Bank acquired a new position in EVERTEC in the fourth quarter worth $19,676,000. Goldman Sachs Group Inc. boosted its holdings in EVERTEC by 592.1% in the first quarter. Goldman Sachs Group Inc. now owns 638,644 shares of the business services provider’s stock worth $26,139,000 after purchasing an additional 546,369 shares during the period. Finally, One Fin Capital Management LP acquired a new position in EVERTEC in the third quarter worth $10,346,000. Institutional investors and hedge funds own 97.74% of the company’s stock.

About EVERTEC

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EVERTEC, Inc engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, Business Solutions, and Corporate and Other. The Payment Services segment is involved in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring.