Shares of Evertec Inc (NYSE:EVTC) have been given an average recommendation of “Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $28.75.
Separately, Zacks Investment Research upgraded Evertec from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, May 7th.
In other news, insider Diana I. Rivera-Ramirez sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.10, for a total value of $42,150.00. Following the completion of the transaction, the insider now owns 24,137 shares in the company, valued at approximately $678,249.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Diana I. Rivera-Ramirez sold 3,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $27.10, for a total value of $81,300.00. Following the completion of the transaction, the insider now owns 25,637 shares of the company’s stock, valued at approximately $694,762.70. The disclosure for this sale can be found here. Insiders have sold a total of 45,440 shares of company stock worth $1,316,965 in the last ninety days. 0.63% of the stock is currently owned by company insiders.
EVTC traded down $0.73 on Friday, hitting $28.66. 190,526 shares of the company’s stock were exchanged, compared to its average volume of 369,015. Evertec has a fifty-two week low of $21.65 and a fifty-two week high of $31.63. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 2.41. The stock has a market cap of $2.08 billion, a PE ratio of 16.86 and a beta of 0.75.
Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 1st. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. Evertec had a net margin of 19.44% and a return on equity of 61.11%. The company had revenue of $118.84 million for the quarter, compared to analysts’ expectations of $116.82 million. During the same quarter in the previous year, the company posted $0.47 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that Evertec will post 1.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Friday, May 3rd. Evertec’s payout ratio is presently 11.76%.
Evertec Company Profile
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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