Louisiana State Employees Retirement System Invests $801,000 in Evertec, Inc. $EVTC

Louisiana State Employees Retirement System purchased a new position in Evertec, Inc. (NYSE:EVTC) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 28,400 shares of the business services provider’s stock, valued at approximately $801,000.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised 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 purchasing an additional 702 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Evertec in the fourth quarter valued at $31,000. Clearstead Advisors LLC grew its holdings in Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Richardson Financial Services Inc. increased its position in shares of Evertec by 73.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock valued at $39,000 after buying an additional 562 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Evertec by 53.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after buying an additional 510 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evertec

In other news, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian John Smith purchased 16,202 shares of the stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the acquisition, the director owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This represents a 22.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 53,202 shares of company stock valued at $1,292,557. 1.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Evertec Stock Performance

Evertec stock opened at $29.62 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average of $25.80 and a two-hundred day moving average of $27.65. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.01 and a beta of 0.71. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.78.

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 the consensus estimate of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. The firm’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. On average, analysts anticipate that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s payout ratio is presently 9.66%.

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.