On March 8, 2024, Morgan Schuessler, President & Chief Executive Officer of Evertec Inc (NYSE:EVTC), sold 159,514 shares of the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Evertec Inc is a transaction processing business in Latin America and the Caribbean, providing a range of merchant acquiring, payment processing, and business solutions services. The company operates through various segments, including Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, Merchant Acquiring, Business Solutions, and Corporate and Other.
Over the past year, the insider has sold a total of 192,631 shares and has not made any purchases. The insider transaction history for Evertec Inc shows a pattern of 7 insider sells and 0 insider buys over the past year.
On the day of the sale, shares of Evertec Inc were trading at $37.13, resulting in a market capitalization of $2.446 billion. The price-earnings ratio of the stock stands at 30.88, which is above both the industry median of 27.77 and the company's historical median price-earnings ratio.
According to the GuruFocus Value chart, with a current price of $37.13 and a GF Value of $47.27, Evertec Inc has a price-to-GF-Value ratio of 0.79, indicating that the stock is modestly undervalued.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
