Evertec (NYSE:EVTC) Shares Down 6.1% on Insider Selling

Shares of Evertec, Inc. (NYSE:EVTC) fell 6.1% during mid-day trading on Monday following insider selling activity. The stock traded as low as $29.94 and last traded at $29.6550. 94,376 shares traded hands during trading, a decline of 82% from the average daily volume of 517,657 shares. The stock had previously closed at $31.57.

Specifically, EVP Paola Perez-Surillo sold 17,486 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $31.56, for a total value of $551,858.16. Following the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at approximately $1,465,046.76. This trade represents a 27.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aldo J. Polak sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $29.50, for a total value of $29,500.00. Following the completion of the sale, the director owned 17,943 shares of the company’s stock, valued at approximately $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Analysts Set New Price Targets

EVTC has been the subject of a number of recent analyst reports. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research report on Thursday, May 7th. Morgan Stanley set a $34.00 price objective on shares of Evertec in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Evertec presently has an average rating of “Hold” and a consensus target price of $35.00.

Evertec Stock Down 6.1%

The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The business has a 50 day moving average price of $28.74 and a 200 day moving average price of $27.80. The firm has a market capitalization of $1.77 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 0.90 and a beta of 0.70.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $274.82 million during the quarter, compared to analysts’ expectations of $262.24 million. During the same quarter in the previous year, the firm earned $0.89 EPS. The firm’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, analysts predict that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%. Evertec’s payout ratio is 12.99%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EVTC. Dana Investment Advisors Inc. raised its position in shares of Evertec by 53.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock valued at $3,674,000 after buying an additional 43,952 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in Evertec during the fourth quarter worth about $2,240,000. Sei Investments Co. grew its position in Evertec by 293.5% during the first quarter. Sei Investments Co. now owns 63,472 shares of the business services provider’s stock worth $1,791,000 after buying an additional 47,342 shares in the last quarter. UBS Group AG increased its stake in Evertec by 61.4% during the fourth quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock valued at $3,098,000 after acquiring an additional 40,529 shares during the period. Finally, Walleye Capital LLC bought a new position in Evertec during the second quarter valued at about $3,660,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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.