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Wednesday, February 1, 2023

Today, EVERTEC Inc. (NYSE: EVTC) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that EVERTEC Announces Refinancing of Credit Facilities.


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Stocks Info

The company is listed on the NYSE and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $32.38 and fluctuated between $32.39 as its day high and $31.67 as its day low. The current market capitalization of EVERTEC Inc. is $2.10B. A total of 0.29 million shares were traded on the day, compared to an average of 338.51K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, EVTC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 24 BUYs and 31 SELLs from insiders. Insiders purchased 276,114 shares during that period but sold 16,525,394.

In the most recent transaction, POPULAR, INC. sold 7,065,634 shares of EVTC for 31.12 per share on Aug 15. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on May 16, Rodriguez-Gonzalez Luis A sold 9,238 shares at 37.57 per share. EVTC shares that General Counsel & EVP owns now total 30,020.

Among the insiders who sold shares, Viglianco Diego disposed of 1,168 shares on May 04 at a per-share price of $40.50. This resulted in the EVP & Chief Operating Officer holding 22,102 shares of EVTC after the transaction. In another insider transaction, Perez-Surillo Paola sold 29,253 shares at $40.26 per share on Apr 07. Company shares held by the Executive Vice President now total 20,687.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. EVERTEC Inc. pays an annual dividend of $0.20, resulting in a dividend yield of 0.62%, and it has a price to earnings (P/E) ratio of 8.95. EVTC’s most recent ex-dividend date was 10/31/2022 when it declared a $0.05 quarterly dividend that was paid in cash on 12/2/2022. Previously, the company paid the dividend on 9/2/2022 with an ex-dividend date of 8/5/2022. The EVTC stock dividend was $0.05 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for EVTC in the last 3 months, the mean price target is $36.00 with high estimates of $41.00 and low estimates of $29.00. In terms of 52-week highs and lows, EVTC has a high of $51.04 and a low of $30.17.

As of this writing, EVTC has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.61 per share and a lower estimate of $0.57. The company reported an EPS of $0.7 in the last quarter, which was 12.90% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EVTC is Overweight with a score of 3.40. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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