Stock market today: Stocks fall as investors rotate out of tech into Jackson Hole
In recent transactions filed with the Securities and Exchange Commission, Paola Perez-Surillo, Executive Vice President of EVERTEC, Inc. (NYSE:EVTC), a $2.37 billion market cap payment processing company with strong financial health, sold 14,585 shares of the company’s common stock. According to InvestingPro data, EVERTEC maintains robust liquidity with a current ratio of 1.89 and has consistently paid dividends for 13 consecutive years. The shares were sold on March 7, 2025, at an average price of $37.15, generating a total value of $541,829.
This sale follows a previous transaction on March 5, 2025, where 5,755 shares were withheld by the issuer to cover tax liabilities related to the vesting of restricted stock units. These shares were valued at $37.92 each, totaling $218,229. After these transactions, Perez-Surillo holds 35,203 shares directly.
The shares sold on March 7 were executed at prices ranging from $37.00 to $37.40 per share, with the stock currently trading near its Fair Value based on InvestingPro analysis. Full details regarding the number of shares sold at each price are available upon request from the SEC, the issuer, or a security holder of EVERTEC.
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, Evertec’s revenue grew by 22% year-over-year to $845.5 million, with adjusted EBITDA increasing 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.
Additionally, Susquehanna analyst James Friedman upgraded Evertec’s stock rating from Negative to Neutral and raised the price target to $30 from $28. This decision was influenced by Evertec’s effective cost management strategies, which have shown resilience against expected profitability headwinds. These proactive measures include renegotiating with suppliers and optimizing corporate spending. Despite challenges related to expanding in Latin America and contract renewals, Evertec’s management remains committed to maintaining operational efficiency.
Looking ahead, Evertec projects 2025 revenue between $889 million and $899 million, with anticipated adjusted EPS growth of 1.8% to 5.2%. The company expects growth to be driven by mid-single-digit expansion in Merchant Acquiring and low double-digit growth in the Latin America payments segment. These recent developments highlight Evertec’s continued efforts to adapt to its financial landscape while pursuing strategic growth initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.