Evertec (NYSE:EVTC) has climbed 0.29% in the past week and advanced 22.81% in the last 4 weeks. The stocks have underperformed the S&P 500 by 1.05% during the past week but Evertec (NYSE:EVTC) it has outperformed the index in 4 weeks by 14.91%. The stock has recorded a 20-day Moving Average of 9.45% and the 50-Day Moving Average is 5.33%.
Evertec (NYSE:EVTC) rose 0.79% or 0.11 points on Friday and made its way into the gainers of the day. After trading began at $14 the stock was seen hitting $14.17 as a peak level and $13.89 as the lowest level. The stock ended up at $14. The daily volume was measured at 705,659 shares. The 52-week high of the share price is $23.12 and the 52-week low is $11.265. The company has a market cap of $1,066 million. The company shares have dropped 37.92% in the past 52 Weeks. On June 23, 2015 The shares registered one year high of $23.12 and one year low was seen on February 19, 2016 at $11.27. The 50-day moving average is $12.75 and the 200 day moving average is recorded at $16.12. S&P 500 has rallied 2.61% during the last 52-weeks.
Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Evertec, Inc., Ramirez Carlos J. had sold 37,500 shares worth of $686,625 in a transaction dated September 21, 2015. In this transaction, 37,500 shares were sold at $18.31 per share. Currently the company Insiders own 1.07% of Evertec shares according to the proxy statements. Institutional Investors own 82.79% of Evertec shares.
Many analysts have stated their opinion on the company shares. Compass Point initiates coverage on Evertec (NYSE:EVTC). Compass Point has a Buy rating on the shares. As per the latest report, the brokerage house announces the price target to $17 per share. The rating by the firm was issued on February 25, 2016.
EVERTEC, Inc. is a service transaction processing business in Latin America. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. The Merchant Acquiring segment consists of services that allow merchants to accept electronic methods of payment. Its services include a discount fee and membership fees charged to merchants, debit network fees and rental fees from point-of-sale (POS) devices and other equipment, net of credit card interchange and assessment fees. The Payment Processing segment provides access to the ATH network and other card networks to financial institutions, including services, such as authorization, processing, management and recording of automated teller machines (ATM) and POS transactions, and ATM management and monitoring. The Business Solutions segment consist of a suite of business process management solutions in various product areas, such as core bank processing, network hosting and management, among others.