Evertec (NYSE:EVTC) Director Aldo Polak Sells 1,000 Shares

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total transaction of $29,500.00. Following the transaction, the director owned 17,943 shares in the company, valued at $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Evertec Price Performance

NYSE EVTC opened at $32.00 on Friday. The company has a 50-day moving average price of $28.56 and a two-hundred day moving average price of $27.79. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $37.44. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The business had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts forecast that Evertec, Inc. will post 3.48 EPS for the current year.

Evertec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 3rd. Evertec’s payout ratio is currently 12.99%.

Hedge Funds Weigh In On Evertec

Several large investors have recently made changes to their positions in the business. Lido Advisors LLC raised its holdings in shares of Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after purchasing an additional 363 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Evertec by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after buying an additional 384 shares in the last quarter. ProShare Advisors LLC grew its position in Evertec by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after buying an additional 391 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock valued at $2,133,000 after buying an additional 417 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Evertec by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock valued at $358,000 after buying an additional 433 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

EVTC has been the topic of several research analyst reports. Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $34.00 target price on Evertec in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.