50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Evertec executive vice president sells $276,947 in stock

Published 24/12/2024, 08:56 am
EVTC
-

Miguel Vizcarrondo, the Executive Vice President of EVERTEC, Inc. (NYSE:EVTC), recently sold 8,123 shares of the company's common stock. According to InvestingPro data, EVERTEC has maintained dividend payments for 12 consecutive years and shows strong financial health with a current ratio of 1.97x. The shares were sold at a weighted average price of $34.0942 per share, resulting in a total transaction value of approximately $276,947. Following this transaction, Vizcarrondo holds 113,915 shares directly. The sales were executed on December 20, 2024, with the share prices ranging from $34.00 to $34.1950. With a market capitalization of $2.1 billion and expected net income growth this year, InvestingPro analysis suggests the stock is currently undervalued. Subscribers can access additional ProTips and comprehensive financial analysis in the Pro Research Report.

In other recent news, EVERTEC, Inc. has been making significant strides in its market performance and financial health. The company's most recent third-quarter results for 2024 demonstrated growth in all business segments with margins surpassing expectations. Notably, EVERTEC's operations in Puerto Rico showed strong performance, and substantial organic growth was observed in the Latin America region, further bolstered by the acquisition of Sinqia.

Morgan Stanley (NYSE:MS) recently upgraded EVERTEC's stock from Underweight to Equalweight, raising the price target to $35. This upgrade is a result of significant improvements in the company's market position, including the strategic acquisition of Sinqia, which has diversified EVERTEC's revenue away from Puerto Rico and into the faster-growing Latin American markets.

These recent developments highlight EVERTEC's robust financial health and growth trajectory. The successful expansion in the Latin America market, including the Sinqia acquisition, is expected to contribute to sustained growth. The company's leadership anticipates continued growth across all operations, with the integration of Sinqia projected to boost EVERTEC's performance in the Latin America market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.