Vanguard Group Inc. Sells 58,884 Shares of Evertec, Inc. $EVTC

Vanguard Group Inc. decreased its holdings in Evertec, Inc. (NYSE:EVTC) by 0.8% during the 4th quarter, HoldingsChannel reports. The firm owned 7,108,287 shares of the business services provider’s stock after selling 58,884 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Evertec worth $206,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. increased its stake in shares of Evertec by 132.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 435 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Evertec in the 3rd quarter valued at $52,000. Advisory Services Network LLC bought a new position in shares of Evertec in the 3rd quarter valued at $59,000. Parkside Financial Bank & Trust increased its stake in shares of Evertec by 34.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 464 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Evertec by 40.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 517 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday. Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $34.00.

Evertec Trading Up 3.0%

EVTC opened at $24.06 on Friday. Evertec, Inc. has a fifty-two week low of $21.82 and a fifty-two week high of $38.56. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 2.07. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.91 and a beta of 0.80. The company’s 50 day moving average price is $28.63 and its two-hundred day moving average price is $28.81.

Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The business had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, research analysts predict that Evertec, Inc. will post 3.4 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, May 11th. Evertec’s payout ratio is 9.66%.

Evertec 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.