Evertec (NYSE:EVTC) Director Brian John Smith Acquires 16,202 Shares of Stock

Evertec, Inc. (NYSE:EVTC) Director Brian John Smith acquired 16,202 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the transaction, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Evertec Trading Up 3.6%

Shares of EVTC stock opened at $26.33 on Friday. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $37.78. The firm has a fifty day moving average price of $26.42 and a 200-day moving average price of $27.88. 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 cap of $1.62 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.86 and a beta of 0.74.

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 net margin of 13.95% and a return on equity of 31.40%. The business had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. During the same period in the previous year, the firm earned $0.87 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities analysts predict that Evertec, Inc. will post 3.34 earnings per share for the current year.

Evertec Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Evertec by 104.7% in the 1st quarter. Bank of America Corp DE now owns 309,627 shares of the business services provider’s stock worth $8,738,000 after buying an additional 158,370 shares during the period. Smith Group Asset Management LLC boosted its holdings in Evertec by 8.4% in the 1st quarter. Smith Group Asset Management LLC now owns 17,697 shares of the business services provider’s stock worth $499,000 after buying an additional 1,367 shares during the period. Amundi boosted its holdings in Evertec by 14.6% in the 1st quarter. Amundi now owns 14,860 shares of the business services provider’s stock worth $419,000 after buying an additional 1,898 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Evertec by 13.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider’s stock worth $121,000 after buying an additional 524 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Evertec by 1.4% in the 1st quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock worth $983,000 after buying an additional 479 shares during the period. Institutional investors own 96.80% of the company’s stock.

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.