Sei Investments Co. Has $1.79 Million Holdings in Evertec, Inc. $EVTC

Sei Investments Co. increased its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 293.5% during the first quarter, Holdings Channel.com reports. The fund owned 63,472 shares of the business services provider’s stock after purchasing an additional 47,342 shares during the quarter. Sei Investments Co.’s holdings in Evertec were worth $1,791,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EVTC. Dimensional Fund Advisors LP grew its position in shares of Evertec by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after purchasing an additional 61,591 shares in the last quarter. Millennium Management LLC raised its position in shares of Evertec by 23.7% in the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after buying an additional 162,307 shares in the last quarter. North Star Asset Management Inc. raised its position in shares of Evertec by 0.5% in the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock valued at $23,533,000 after buying an additional 3,858 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Evertec by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock valued at $20,616,000 after buying an additional 53,323 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Evertec by 1.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider’s stock valued at $18,983,000 after buying an additional 7,886 shares during the period. Institutional investors own 96.80% of the company’s stock.

Insider Activity

In related news, Director Brian John Smith acquired 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired 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 $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.13% of the company’s stock.

Evertec Stock Performance

NYSE:EVTC opened at $29.87 on Monday. The stock’s 50-day simple moving average is $28.02 and its 200 day simple moving average is $27.77. The firm has a market capitalization of $1.78 billion, a PE ratio of 19.40, a price-to-earnings-growth 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, Inc. has a twelve month low of $21.81 and a twelve month high of $37.71.

Evertec (NYSE:EVTC) last released its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $274.82 million for the quarter, compared to analysts’ expectations of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts anticipate that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Announces Dividend

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

Wall Street Analyst Weigh In

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

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.