EVERTEC, Inc. (NYSE:EVTC) CAO Karla Cruz Sells $73,540 in Stock

EVERTEC, Inc. (NYSE:EVTC) announced that Karla Cruz, the Chief Accounting Officer (CAO), sold 2,000 shares of the company's stock in a transaction dated Friday, March 7th. The sale occurred at an average price of $36.77 per share, resulting in a total transaction value of $73,540. Following this sale, Ms. Cruz now holds 18,065 shares of EVERTEC, which is valued at approximately $664,250.05. This sale reflects a decline of 9.97% in her ownership position. The transaction was reported in a legal filing with the Securities and Exchange Commission (SEC), which can be accessed via the SEC's website.

Price Performance of EVERTEC

On the trading day of the sale, EVERTEC shares experienced a slight decline, decreasing by $0.22 to close at $37.24. The trading volume was 368,392 shares, surpassing its average volume of 331,232 shares. The company's stock has a 50-day moving average of $33.69 and a 200-day moving average of $33.89. EVERTEC has a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.09, and a beta of 1.15. Over the past year, the stock reached a low of $28.76 and a high of $40.67.

Dividend Announcement

Additionally, EVERTEC recently declared a quarterly dividend of $0.05 per share, which will be distributed on Friday, March 21st. Shareholders recorded as of Monday, March 3rd, will be eligible for this dividend. The annualized dividend yield stands at 0.54%, with the company's payout ratio at 11.56%.

Institutional Trading Activity

Various institutional investors have shown interest in EVERTEC’s stocks. In the fourth quarter, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake worth $3,108,000. Meanwhile, Mackenzie Financial Corp invested $368,000 in shares of EVERTEC. North Star Asset Management Inc. increased its position in the company by 3.6%, now owning a total of 794,171 shares valued at $27,423,000. Furthermore, Two Sigma Advisers LP enhanced its stake by a significant 98.2%, reaching ownership of 121,500 shares valued at $4,195,000. Currently, approximately 96.80% of the shares are owned by institutional investors and hedge funds.

Analyst Perspectives on EVERTEC

Several financial brokerages have also expressed their views on EVERTEC. William Blair has maintained an "outperform" rating on the shares, while Susquehanna upgraded the stock from a "negative" to a "neutral" rating with an increased target price from $28.00 to $30.00. Morgan Stanley also adjusted its rating, moving from "underweight" to "equal weight," with a new target price set from $33.00 to $35.00.

About EVERTEC

(Get Free Report) EVERTEC, Inc. operates in the transaction processing and financial technology sector in Latin America and the Caribbean. The company is structured into four segments: Payment Services in Puerto Rico and the Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. It offers services for merchants, enabling them to process electronic payment methods, including debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

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