EVERTEC, Inc. (NYSE:EVTC) Plans Quarterly Dividend of $0.05

EVERTEC, Inc. (NYSE:EVTC) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.05 per share by the business services provider on Friday, March 21st. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%.

EVERTEC has a payout ratio of 5.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect EVERTEC to earn $2.70 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 7.4%.

EVERTEC Price Performance

NYSE:EVTC opened at $33.45 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.46 and a beta of 1.15. EVERTEC has a 12 month low of $28.76 and a 12 month high of $41.57. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.84. The company’s 50-day moving average price is $33.43 and its two-hundred day moving average price is $33.69.

Insider Transactions at EVERTEC

In related news, CFO Joaquin A. Castrillo-Salgado sold 48,453 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $36.08, for a total transaction of $1,748,184.24. Following the completion of the sale, the chief financial officer now directly owns 54,998 shares of the company’s stock, valued at $1,984,327.84. The trade was a 46.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Miguel Vizcarrondo sold 8,123 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $34.09, for a total transaction of $276,913.07. Following the sale, the executive vice president now directly owns 113,915 shares of the company’s stock, valued at approximately $3,883,362.35. This trade represents a 6.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,308 shares of company stock worth $2,440,112. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on EVTC shares. Morgan Stanley upgraded shares of EVERTEC from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $33.00 to $35.00 in a research report on Thursday, November 21st. William Blair reiterated an “outperform” rating on shares of EVERTEC in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

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.