Evertec (NYSE:EVTC) Director Aldo Polak Sells 1,000 Shares

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.09, for a total value of $30,090.00. Following the transaction, the director owned 15,943 shares in the company, valued at $479,724.87. This represents a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Evertec Price Performance

Shares of Evertec stock traded down $0.30 on Monday, reaching $29.68. The company’s stock had a trading volume of 397,219 shares, compared to its average volume of 509,434. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $1.77 billion, a P/E ratio of 19.27, a PEG ratio of 0.85 and a beta of 0.70. The stock has a 50-day moving average price of $29.62 and a 200-day moving average price of $27.89. Evertec, Inc. has a 52-week low of $21.81 and a 52-week high of $36.31.

Evertec (NYSE:EVTC) last released its quarterly earnings results 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 for 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 firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts expect that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

The business 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 3rd. Evertec’s dividend payout ratio is 12.99%.

Institutional Trading of Evertec

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Evertec in the 2nd quarter worth $254,513,000. California State Teachers Retirement System grew its holdings in shares of Evertec by 3,417.1% in the second quarter. California State Teachers Retirement System now owns 2,061,971 shares of the business services provider’s stock valued at $57,282,000 after purchasing an additional 2,003,344 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Evertec by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after purchasing an additional 61,591 shares during the period. Millennium Management LLC increased its position in Evertec by 23.7% during the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after purchasing an additional 162,307 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in Evertec during the second quarter worth about $23,346,000. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.00.

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.