809,545 Shares in Evertec, Inc. $EVTC Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. acquired a new position in Evertec, Inc. (NYSE:EVTC) in the second quarter, Holdings Channel reports. The fund acquired 809,545 shares of the business services provider’s stock, valued at approximately $22,489,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVTC. Royal Bank of Canada lifted 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 buying an additional 3,495 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Evertec in the 1st quarter worth approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 acquiring an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Evertec by 1.0% during 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 acquiring an additional 846 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock valued at $4,917,000 after acquiring an additional 86,733 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insiders Place Their Bets

In other Evertec news, Director Aldo J. Polak sold 1,000 shares of the firm’s stock in a transaction 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 directly owned 17,943 shares of the company’s stock, valued at $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Brian John Smith bought 16,202 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the purchase, the director owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.13% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Evertec Stock Down 0.9%

EVTC opened at $29.50 on Friday. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $36.52. The company’s 50-day moving average price is $29.54 and its two-hundred day moving average price is $27.87. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.85 and a beta of 0.70. 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 issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. Evertec’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities analysts expect that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio is 12.99%.

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.