Lombard Odier Asset Management Europe Ltd Makes New $2.24 Million Investment in Evertec, Inc. $EVTC

Lombard Odier Asset Management Europe Ltd acquired a new position in Evertec, Inc. (NYSE:EVTC) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 77,000 shares of the business services provider’s stock, valued at approximately $2,240,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVTC. Royal Bank of Canada raised its stake in 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 acquiring an additional 3,495 shares during the period. AQR Capital Management LLC bought a new position in shares of Evertec in the first quarter worth approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $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 increased 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 worth $3,189,000 after purchasing an additional 846 shares in the last quarter. Finally, Jane Street Group LLC raised its position 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 period. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Morgan Stanley cut their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Finally, Wall Street Zen downgraded 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $33.20.

Insider Activity

In other news, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the transaction, the executive vice president owned 80,907 shares of the company’s stock, valued at approximately $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Brian John Smith purchased 16,202 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director owned 88,222 shares of the company’s stock, valued at $2,330,825.24. The trade was a 22.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 53,202 shares of company stock worth $1,292,557 over the last 90 days. Corporate insiders own 1.13% of the company’s stock.

Evertec Trading Down 0.6%

Shares of EVTC opened at $27.19 on Wednesday. The firm has a market cap of $1.68 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.93 and a beta of 0.74. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $37.78. The company has a 50 day simple moving average of $26.38 and a two-hundred day simple moving average of $27.84.

Evertec (NYSE:EVTC) last released its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.Evertec’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, equities analysts expect that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio is 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.