Karla Cruz Sells Shares of EVERTEC, Inc.

On March 7th, Karla Cruz, the Chief Accounting Officer (CAO) of EVERTEC, Inc. (NYSE:EVTC), sold 2,000 shares of the company's stock. This transaction occurred at an average price of $36.77 per share, leading to a total sale amount of $73,540. Following this sale, Cruz now directly owns 18,065 shares of EVERTEC, which have a combined value of approximately $664,250. This sale indicates a decrease of about 9.97% in her holdings. The details of the transaction were formally disclosed in a filing with the Securities and Exchange Commission (SEC), which can be accessed online.

Stock Performance Overview

During trading on that same Friday, EVERTEC's stock price fell by $0.22, bringing the share price down to $37.24. Approximately 368,392 shares were traded, compared to an average trading volume of 331,232 shares. The stock’s 50-day moving average is $33.69, while the 200-day moving average sits at $33.89. EVERTEC has a debt-to-equity ratio of 1.84, a current ratio of 1.97, and a quick ratio of 1.97. The company boasts a market capitalization of $2.37 billion, a price-to-earnings ratio of 29.09, and a P/E/G ratio of 1.43. Over the past year, EVERTEC's stock has reached a low of $28.76 and a high of $40.67.

Dividend Announcement

EVERTEC has also announced a quarterly dividend that is slated to be paid on March 21st. Shareholders who are on record as of March 3rd will receive a dividend of $0.05 per share. The ex-dividend date for this payout is the same, March 3rd. On an annualized basis, this amounts to a total dividend of $0.20, yielding approximately 0.54%. EVERTEC's payout ratio stands at 11.56%.

Institutional Investment Trends

Several institutional investors have recently bought and sold shares of EVERTEC. For instance, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake valued at $3,108,000 in the fourth quarter. Additionally, Mackenzie Financial Corp purchased a new stake worth $368,000. North Star Asset Management Inc. raised its position by 3.6%, owning 794,171 shares after adding 27,911 shares during the last quarter. Vident Advisory LLC also bought a new stake for $260,000. Lastly, Two Sigma Advisers LP increased its holdings by 98.2%, now owning 121,500 shares valued at around $4,195,000. Presently, institutional investors hold approximately 96.80% of EVERTEC's shares.

Analyst Opinions

Recent evaluations from analysts show varied ratings for EVERTEC stock. For example, William Blair maintained an 'outperform' rating in a report dated February 27th. Similarly, Susquehanna upgraded its rating from 'negative' to 'neutral', raising the price target from $28.00 to $30.00. Furthermore, Morgan Stanley upgraded EVERTEC from an 'underweight' to an 'equal weight' rating, adjusting the target price from $33.00 to $35.00 in a research report dated November 21st.

About EVERTEC

EVERTEC, Inc. operates in the transaction processing and financial technology sector primarily in Latin America and the Caribbean. The company has four segments: Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, Merchant Acquiring, and Business Solutions. EVERTEC provides merchant acquiring services that allow point-of-sale and e-commerce merchants to accept and process electronic payments, including debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

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