Evertec (NYSE:EVTC) Director Brian John Smith Acquires 16,202 Shares

Evertec, Inc. (NYSE:EVTC) Director Brian John Smith purchased 16,202 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the transaction, the director directly owned 88,222 shares in the company, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Evertec Stock Up 3.6%

Shares of NYSE:EVTC traded up $0.93 during trading on Friday, hitting $26.33. 925,320 shares of the company were exchanged, compared to its average volume of 520,632. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.81 and a beta of 0.74. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.78. The firm has a fifty day moving average price of $26.45 and a two-hundred day moving average price of $27.89. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56.

Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $247.92 million for the quarter, compared to analyst estimates of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, research analysts anticipate that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio is currently 9.66%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Morgan Stanley decreased their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.20.

Institutional Trading of Evertec

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Evertec during the fourth quarter worth $31,000. Hantz Financial Services Inc. lifted its holdings in Evertec by 189.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares during the period. Clearstead Advisors LLC lifted its holdings in Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after acquiring an additional 819 shares during the period. Richardson Financial Services Inc. lifted its holdings in Evertec by 73.7% during the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock worth $39,000 after acquiring an additional 562 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in Evertec by 53.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after acquiring an additional 510 shares during the period. 96.80% of the stock is currently owned by institutional investors.

About Evertec

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.