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In recent transactions reported by EVERTEC, Inc. (NYSE:EVTC), Executive Vice President Paola Perez-Surillo sold a significant portion of her holdings. According to a recent SEC filing, Perez-Surillo sold 14,585 shares of common stock on March 7, 2025, at an average price of $37.15, resulting in a total value of approximately $541,829. The shares were sold at prices ranging from $37.00 to $37.40 per share. Following this transaction, Perez-Surillo retains ownership of 35,203 shares. The sale comes as EVERTEC, with a market capitalization of $2.37 billion, shows strong momentum with an 18% return over the past six months. InvestingPro analysis indicates the stock is currently trading near its Fair Value.
Additionally, on March 5, 2025, the company withheld 5,755 shares from Perez-Surillo to cover tax liabilities associated with the vesting of restricted stock units, valued at $37.92 per share. This withholding resulted in a transaction value of $218,229.
These filings offer insights into the stock transactions of key executives at EVERTEC, a company specializing in computer processing and data preparation services.
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, compared to the forecasted $0.72, while revenue reached $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, and adjusted EBITDA rose by 17% to $340.2 million. The company’s expansion in Latin America now contributes 33% of total revenue. Evertec projects revenue for 2025 between $889 million and $899 million, with anticipated adjusted EPS growth of 1.8% to 5.2%.
Additionally, Susquehanna analyst James Friedman upgraded Evertec’s stock rating from Negative to Neutral and increased the price target to $30 from $28, noting the company’s effective cost management strategies. The analyst highlighted Evertec’s proactive measures in renegotiating with suppliers and optimizing corporate spending to address expected profitability challenges. Despite these positive developments, the analyst cautioned about ongoing structural concerns related to inverse leverage. Evertec’s management remains focused on driving efficiency and maintaining operational effectiveness amid these challenges.
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