Wakefield Asset Management LLLP Buys Shares of 38,962 Evertec, Inc. $EVTC

Wakefield Asset Management LLLP bought a new stake in Evertec, Inc. (NYSE:EVTC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 38,962 shares of the business services provider’s stock, valued at approximately $1,133,000.

Other large investors have also recently bought and sold shares of the company. Richardson Financial Services Inc. raised its position in Evertec by 132.6% in the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 435 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in Evertec in the third quarter valued at about $52,000. Advisory Services Network LLC bought a new position in Evertec in the third quarter valued at about $59,000. Smartleaf Asset Management LLC raised its position in Evertec by 40.4% in the third quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 517 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Evertec by 34.2% in the third quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 464 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Insider Transactions at Evertec

In related news, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $3,274,264.38. The trade was a 16.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the stock in a transaction on Thursday, May 7th. The stock was acquired at an average price of $24.10 per share, with a total value of $409,700.00. Following the completion of the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. This represents a 26.60% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is owned by company insiders.

Evertec Price Performance

Shares of EVTC opened at $23.54 on Friday. Evertec, Inc. has a 1 year low of $21.82 and a 1 year high of $38.56. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.79 and a beta of 0.80. The business has a 50-day moving average of $28.14 and a 200-day moving average of $28.53.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. During the same quarter last year, the business earned $0.87 earnings per share. Evertec’s revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities research analysts anticipate that Evertec, Inc. will post 3.37 earnings per share for the current year.

Evertec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.

Wall Street Analyst Weigh In

EVTC has been the subject of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Evertec has an average rating of “Hold” and a consensus price target of $34.00.

Evertec Company Profile

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.