Evertec (NYSE:EVTC) EVP Sells 17,486 Shares

Evertec, Inc. (NYSE:EVTC) EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the completion of the transaction, the executive vice president owned 46,421 shares of the company’s stock, valued at $1,465,046.76. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Evertec Stock Down 1.3%

Shares of NYSE:EVTC traded down $0.43 during midday trading on Friday, reaching $31.55. 475,037 shares of the company were exchanged, compared to its average volume of 520,507. The firm has a market cap of $1.89 billion, a PE ratio of 20.49, a P/E/G ratio of 0.88 and a beta of 0.70. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.38. The stock has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $27.79. 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 released its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $262.24 million. During the same quarter in the prior year, the company earned $0.89 EPS. The company’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. As a group, sell-side analysts forecast that Evertec, Inc. will post 3.48 earnings per share for the current year.

Evertec Dividend Announcement

The company also recently disclosed 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 is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. Evertec’s dividend payout ratio (DPR) is presently 12.99%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley set a $34.00 price target on Evertec in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares during 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. grew its stake in shares of Evertec by 3.3% in the first 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 buying an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Evertec by 1.0% in the first 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 buying an additional 846 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after buying an additional 86,733 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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.