EVERTEC (NYSE:EVTC) Receives “Outperform” Rating from William Blair

William Blair reissued their outperform rating on shares of EVERTEC (NYSE:EVTC) in a research report report published on Wednesday,RTT News reports.

Several other equities analysts also recently weighed in on the stock. Susquehanna downgraded shares of EVERTEC from a “neutral” rating to a “negative” rating and lowered their price target for the company from $38.00 to $28.00 in a report on Thursday, September 5th. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $33.00 to $35.00 in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, EVERTEC presently has a consensus rating of “Hold” and an average target price of $35.00.

EVERTEC Trading Up 0.0 %

Shares of EVTC stock opened at $33.61 on Wednesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.63 and a beta of 1.16. EVERTEC has a 1 year low of $28.76 and a 1 year high of $42.21. The firm has a fifty day moving average price of $34.47 and a 200-day moving average price of $33.74.

EVERTEC (NYSE:EVTC) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.13. EVERTEC had a return on equity of 33.01% and a net margin of 10.20%. The business had revenue of $211.80 million during the quarter, compared to analysts’ expectations of $211.51 million. During the same quarter in the prior year, the business posted $0.72 earnings per share. The business’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts predict that EVERTEC will post 2.55 earnings per share for the current year.

EVERTEC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, October 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. EVERTEC’s dividend payout ratio is 15.63%.

Insider Activity at EVERTEC

In other EVERTEC news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of EVERTEC stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $36.08, for a total value of $1,748,184.24. Following the sale, the chief financial officer now owns 54,998 shares of the company’s stock, valued at $1,984,327.84. The trade was a 46.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Miguel Vizcarrondo sold 7,890 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $35.07, for a total value of $276,702.30. Following the sale, the executive vice president now directly owns 122,038 shares in the company, valued at $4,279,872.66. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 60,185 shares of company stock valued at $2,163,199. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of EVERTEC

A number of large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in EVERTEC in the third quarter worth about $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of EVERTEC in the 3rd quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of EVERTEC by 866.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,426 shares of the business services provider’s stock worth $81,000 after purchasing an additional 2,175 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of EVERTEC by 90.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,132 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,490 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in EVERTEC by 68.4% during the 2nd quarter. nVerses Capital LLC now owns 3,200 shares of the business services provider’s stock valued at $106,000 after buying an additional 1,300 shares during the period. 96.80% of the stock is currently owned by institutional investors.

EVERTEC Company Profile

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.