Evertec (NYSE:EVTC) Trading Up 0.1%

Evertec Inc (NYSE:EVTC)’s share price was up 0.1% during mid-day trading on Friday . The stock traded as high as $37.38 and last traded at $35.81, approximately 12,688 shares traded hands during trading. A decline of 96% from the average daily volume of 295,540 shares. The stock had previously closed at $35.79.

Several equities research analysts recently issued reports on EVTC shares. Zacks Investment Research downgraded Evertec from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Susquehanna Bancshares started coverage on Evertec in a report on Friday, June 28th. They set a “positive” rating and a $36.00 price target for the company.

The stock has a fifty day simple moving average of $32.01. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 21.40 and a beta of 0.80. The company has a debt-to-equity ratio of 2.38, a quick ratio of 1.47 and a current ratio of 1.80.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. The firm had revenue of $122.55 million during the quarter, compared to the consensus estimate of $117.13 million. Evertec had a return on equity of 60.49% and a net margin of 20.55%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.46 EPS. Sell-side analysts expect that Evertec Inc will post 1.79 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 5th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. Evertec’s dividend payout ratio (DPR) is presently 11.76%.

In other Evertec news, General Counsel Luis A. Rodriguez-Gonzalez sold 13,000 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $28.60, for a total value of $371,800.00. Following the completion of the transaction, the general counsel now owns 73,526 shares in the company, valued at approximately $2,102,843.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. bought a new position in Evertec in the 1st quarter valued at $83,000. Quantamental Technologies LLC grew its stake in Evertec by 250.0% in the 1st quarter. Quantamental Technologies LLC now owns 5,600 shares of the business services provider’s stock valued at $156,000 after purchasing an additional 4,000 shares during the period. Krane Funds Advisors LLC grew its stake in Evertec by 5.6% in the 1st quarter. Krane Funds Advisors LLC now owns 7,587 shares of the business services provider’s stock valued at $211,000 after purchasing an additional 400 shares during the period. Quantitative Systematic Strategies LLC bought a new position in shares of Evertec during the 2nd quarter worth $251,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Evertec by 21.8% during the 1st quarter. Meeder Asset Management Inc. now owns 7,761 shares of the business services provider’s stock worth $216,000 after acquiring an additional 1,391 shares during the period. Hedge funds and other institutional investors own 78.17% of the company’s stock.

About Evertec (NYSE:EVTC)

EVERTEC, Inc engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in four segments: Payment Services – Puerto Rico & Caribbean; Payment Services – Latin America; Merchant Acquiring; and Business Solutions.

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