NYSE:EVTCDiversified Financial
EVERTEC Buyback Expansion Highlights Valuation Gap And Latin America Progress
EVERTEC (NYSE:EVTC) has expanded its share repurchase authorization and extended the duration of the program.
The update follows a period of record revenue and growth in Latin America driven by acquisitions and digitalization.
The larger, longer buyback plan reflects management's stated confidence in the company’s ongoing transformation.
EVERTEC, trading around $28.83, has seen its share price move sharply in the short term, with a 14.5% gain over the past week. Over longer periods, returns...