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Karla Cruz, the Chief Accounting Officer of EVERTEC Inc. (NYSE:EVTC), a $2.37 billion market cap payment processing company with a GOOD financial health rating according to InvestingPro, recently sold 2,000 shares of the company’s common stock. The shares were sold on March 7, 2025, at an average price of $36.77, amounting to a total transaction value of $73,546. Following this sale, Cruz holds 18,065 shares of EVERTEC. The company, which has maintained dividend payments for 13 consecutive years, currently trades at a P/E ratio of 21.2x with strong liquidity metrics.
In a separate transaction on March 5, 2025, Cruz had 2,923 shares withheld by the company to cover tax liabilities related to the vesting of restricted stock units. These shares were valued at $37.92 each, totaling $110,840. For comprehensive insider trading analysis and 7 additional key insights about EVERTEC, visit InvestingPro.
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 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 rising by 17% to $340.2 million. In addition, Evertec expanded its presence in Latin America, contributing 33% of total revenue. In a related development, Susquehanna analyst James Friedman upgraded Evertec’s stock rating from Negative to Neutral and raised the price target to $30, citing the company’s effective cost management strategies. Friedman’s analysis noted Evertec’s proactive measures in managing costs to counterbalance expected profitability challenges. These recent developments highlight Evertec’s strategic focus on operational efficiency and market expansion.
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