Globeflex Capital L P Makes New $562,000 Investment in Evertec, Inc. $EVTC

Globeflex Capital L P purchased a new position in shares of Evertec, Inc. (NYSE:EVTC) during the second quarter, Holdings Channel.com reports. The firm purchased 20,216 shares of the business services provider’s stock, valued at approximately $562,000.

Several other large investors also recently modified their holdings of EVTC. Dana Investment Advisors Inc. boosted its stake in Evertec by 53.4% during the fourth quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock worth $3,674,000 after acquiring an additional 43,952 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in Evertec in the fourth quarter valued at $2,240,000. Sei Investments Co. increased its stake in Evertec by 293.5% in the first quarter. Sei Investments Co. now owns 63,472 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 47,342 shares in the last quarter. Walleye Capital LLC bought a new stake in Evertec in the second quarter valued at $3,660,000. Finally, UBS Group AG raised its holdings in shares of 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 purchasing an additional 40,529 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insider Activity at Evertec

In related news, Director Brian John Smith acquired 16,202 shares of the stock in a transaction dated Friday, June 12th. The stock was 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 directly owned 88,222 shares in the company, valued at $2,330,825.24. This trade represents a 22.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paola Perez-Surillo sold 17,486 shares of the 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 completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 1.13% of the stock is owned by insiders.

Analyst Ratings Changes

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

Evertec Stock Performance

EVTC opened at $29.93 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The company’s fifty day moving average price is $29.40 and its two-hundred day moving average price is $27.84. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $36.52. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 0.84 and a beta of 0.70.

Evertec (NYSE:EVTC) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The business’s revenue was up 19.7% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts expect that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Announces Dividend

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

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.