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Morgan Schuessler, President and CEO of Evertec, Inc. (NYSE:EVTC), recently executed a significant stock transaction, selling 80,000 shares of the company’s common stock. The sale, which occurred on March 6, 2025, was completed at an average price of $37.4547 per share, amounting to a total of approximately $2.99 million. The transaction comes as the stock has shown strong momentum, with an 18% return over the past six months.
Following this sale, Schuessler’s direct ownership of Evertec stock decreased to 282,172 shares. In addition to this transaction, shares were previously withheld for tax purposes related to the vesting of restricted stock units, totaling 19,840 shares at a price of $37.92 per share, valued at approximately $752,332. According to InvestingPro data, the company maintains strong financial health with a current ratio of 1.89, indicating solid liquidity.
Evertec, headquartered in Puerto Rico, provides a range of transaction processing and data preparation services. Investors may be interested in these transactions as they reflect the CEO’s current stance on the company’s stock value. The company trades at a P/E ratio of 21.2 and has maintained dividend payments for 13 consecutive years. InvestingPro analysis suggests the stock is currently trading slightly below its Fair Value, with 5 analysts recently revising their earnings expectations upward.
In other recent news, Evertec Inc . reported its fourth-quarter and full-year 2024 financial results, which exceeded analysts’ expectations. The company achieved an earnings per share (EPS) of $0.87, surpassing the forecasted $0.72, and reported revenue of $216.4 million, slightly above the anticipated $215.29 million. For the full year, revenue increased by 22% to $845.5 million, with adjusted EBITDA rising by 17% to $340.2 million. The growth was attributed to strategic acquisitions and an expanding market presence in Latin America, which now contributes 33% of Evertec’s total revenue.
Additionally, Susquehanna analyst James Friedman upgraded Evertec’s stock rating from Negative to Neutral, raising the price target to $30 from $28. This change was based on Evertec’s effective cost management strategies, despite ongoing challenges. The company has been proactive in managing costs through renegotiations with suppliers and adjustments to headcount and responsibilities. Evertec’s management has shown a commitment to driving efficiency to counterbalance expected profitability headwinds.
Evertec projects revenue between $889 million and $899 million for 2025, representing growth of 5.1% to 6.3%. The company also anticipates adjusted EPS growth of 1.8% to 5.2%, with adjusted EBITDA margins expected to remain robust. These developments indicate Evertec’s strategic focus on expanding its footprint and maintaining operational efficiency amidst financial challenges.
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