Evertec Inc(NYSE:EVTC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $101.889M. Analysts estimated a revenue of $97.490M. The revenues were 4.51% above the estimates. Earnings per share were $0.43. The reported EPS was above estimates by 4.88%. Analysts had estimated an EPS of $0.41.
Evertec Inc (EVTC) shares turned negative on Wednesdays trading session with the shares closing down -0.1 points or -0.58% at a volume of 3,69,202. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.3. The peak price level was also seen at $17.3 while the days lowest was $17.05. Finally the shares closed at $17.15. The 52-week high of the shares is $18.6 while the 52-week low is $11.4. According to the latest information available, the market cap of the company is $1,256 M.
Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Carlos J. Ramirez (Executive Vice President) sold 50,499 shares at $18.00 per share price.Also, On Nov 25, 2016, Miguel Vizcarrondo (Executive Vice President) sold 30,000 shares at $17.00 per share price.
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.