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In recent transactions disclosed by EVERTEC, Inc. (NYSE:EVTC), a payment processing company with strong financial health according to InvestingPro data, Diego Viglianco, the company’s Executive Vice President and Chief Operating Officer, sold a significant portion of common stock. The company has demonstrated solid performance with a 21.7% revenue growth over the last twelve months and maintains healthy liquidity with a current ratio of 1.89. On March 6 and 7, Viglianco sold a total of 26,193 shares, amounting to $969,720. The shares were sold at prices ranging from $36.9751 to $37.5359 per share. Based on InvestingPro’s analysis, EVERTEC appears slightly undervalued at current levels, with 5 analysts recently revising their earnings expectations upward.
Following these sales, Viglianco now holds 40,269 shares of EVERTEC stock. Prior to these sales, on March 5, 5,771 shares were withheld to cover tax liabilities associated with the vesting of restricted stock units, valued at $218,836 at a price of $37.92 per share. The company has maintained consistent dividend payments for 13 consecutive years, reflecting strong financial stability. Discover more insights about EVERTEC’s valuation and growth potential in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Evertec Inc . reported its fourth-quarter and full-year 2024 financial results, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.87, exceeding the forecasted $0.72, and reported revenue of $216.4 million, slightly above the anticipated $215.29 million. For the full year, Evertec’s revenue grew by 22% year-over-year to $845.5 million, with adjusted EBITDA rising by 17% to $340.2 million. The company attributed this growth to strategic acquisitions and an expanding presence in Latin America, which now contributes 33% of total revenue.
In other developments, Susquehanna upgraded Evertec’s stock from Negative to Neutral, raising the price target to $30 from $28. The upgrade was influenced by the company’s effective cost management strategies amid challenges such as margin pressure from its Latin American expansion and the renewal of the BPOP contract. Analyst James Friedman noted that Evertec’s management has been proactive in driving efficiency through renegotiations with suppliers and adjustments to headcount and responsibilities. However, he cautioned that while the company’s measures are sensible, inverse leverage remains a structural concern.
Evertec continues to focus on organic revenue growth and margin optimization, with a projected revenue increase of 5.1% to 6.3% for 2025. The company also anticipates adjusted EPS growth of 1.8% to 5.2% and expects adjusted EBITDA margins to remain robust. CEO Max Schuessler emphasized the company’s progress in diversifying its revenue mix outside of Puerto Rico and highlighted the strategic importance of expanding its footprint in Latin America.
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