Insider Buying: Evertec (NYSE:EVTC) COO Buys 20,000 Shares of Stock

Evertec, Inc. (NYSE:EVTC) COO Joaquin Castrillo-Salgado purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $3,274,264.38. This represents a 16.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Evertec Stock Down 4.0%

Shares of EVTC traded down $0.97 during trading hours on Monday, reaching $23.04. 709,953 shares of the stock traded hands, compared to its average volume of 472,760. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $28.63 and a 200 day simple moving average of $28.81. Evertec, Inc. has a 52 week low of $21.82 and a 52 week high of $38.56. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.91 and a beta of 0.80.

Evertec (NYSE:EVTC) last released its quarterly 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). The firm had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. Evertec had a net margin of 13.95% and a return on equity of 31.40%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, equities analysts forecast that Evertec, Inc. will post 3.4 EPS for the current year.

Evertec Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 0.9%. Evertec’s payout ratio is currently 9.66%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Evertec

Large investors have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Evertec by 7.4% in the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after purchasing an additional 335,639 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of Evertec in the third quarter worth about $2,782,000. SG Americas Securities LLC increased its stake in shares of Evertec by 443.9% in the fourth quarter. SG Americas Securities LLC now owns 42,505 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 34,690 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of Evertec in the third quarter worth about $1,559,000. Finally, Invenomic Capital Management LP increased its stake in shares of Evertec by 114.4% in the third quarter. Invenomic Capital Management LP now owns 247,541 shares of the business services provider’s stock worth $8,362,000 after purchasing an additional 132,063 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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.