Daniel Brignardello, the Executive Vice President of EVERTEC, Inc. (NYSE:EVTC), recently sold 3,842 shares of the company's common stock. The transaction, which took place on December 2, 2024, was executed at a price of $36.00 per share, totaling approximately $138,312. According to InvestingPro data, EVERTEC maintains strong financial health with a GOOD overall rating and has consistently paid dividends for 12 consecutive years. Following the sale, Brignardello now holds 32,481 shares of EVERTEC. This stock sale was carried out as a direct ownership transaction. With a current market capitalization of $2.27 billion and analysis from InvestingPro suggesting the stock is undervalued, investors can access detailed insights and additional ProTips through the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, EVERTEC has been making strides with its financial performance and strategic moves. The company's third quarter results in 2024 showed growth in all business segments and margins surpassing expectations. A significant highlight was the robust performance of its operations in Puerto Rico and considerable organic growth in the Latin America region. This growth was further bolstered by the acquisition of Sinqia, a move that is expected to enhance EVERTEC's performance in the Latin American market.
Morgan Stanley (NYSE:MS) recently upgraded EVERTEC's stock from Underweight to Equalweight and increased the price target to $35 from $33. This revision was influenced by the company's strategic moves, market performance, and the diversification of its revenue due to the acquisition of Sinqia. The firm sees a more balanced risk-reward profile for EVERTEC, reflecting a neutral perspective on its future market performance.
These recent developments highlight EVERTEC's strong financial health and growth trajectory. The company anticipates continued growth across all operations, with the integration of Sinqia expected to boost its presence in the Latin American market. As EVERTEC navigates forward, the focus remains on its growth and financial performance, devoid of any negative financial outlooks.
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