First Trust Advisors LP Has $1.25 Million Stock Position in Evertec, Inc. $EVTC

First Trust Advisors LP lowered its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 44.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 44,442 shares of the business services provider’s stock after selling 35,407 shares during the period. First Trust Advisors LP’s holdings in Evertec were worth $1,254,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada raised its stake in Evertec by 10.2% during the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after acquiring an additional 3,495 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Evertec in the 1st quarter valued at approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after purchasing an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Evertec by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock valued at $3,189,000 after purchasing an additional 846 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Evertec by 184.6% during the 1st quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock valued at $4,917,000 after purchasing an additional 86,733 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVTC has been the topic of a number of research analyst reports. Morgan Stanley set a $34.00 target price on shares of Evertec in a research report on Thursday. Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Raymond James Financial restated an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Evertec has an average rating of “Hold” and an average price target of $35.00.

Insider Buying and Selling at Evertec

In other news, Director Brian John Smith bought 16,202 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the transaction, the director directly owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This represents a 22.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.13% of the company’s stock.

Evertec Price Performance

Shares of NYSE EVTC opened at $29.87 on Monday. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $37.71. The firm has a fifty day simple moving average of $28.02 and a 200 day simple moving average of $27.77. The company has a market capitalization of $1.78 billion, a PE ratio of 19.40, a P/E/G ratio of 1.01 and a beta of 0.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, sell-side analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. Evertec’s dividend payout ratio is currently 12.99%.

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.