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

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $29.50, for a total transaction of $29,500.00. Following the transaction, the director directly owned 17,943 shares of the company’s stock, valued at approximately $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Evertec Price Performance

Shares of Evertec stock traded up $1.59 during trading on Thursday, hitting $32.00. 461,805 shares of the company were exchanged, compared to its average volume of 520,802. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $37.44. 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 firm has a 50 day moving average price of $28.38 and a 200 day moving average price of $27.77. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 0.96 and a beta of 0.70.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 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 return on equity of 32.07% and a net margin of 9.80%.Evertec’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities analysts expect that Evertec, Inc. will post 3.48 earnings per share for the current fiscal year.

Evertec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. Evertec’s dividend payout ratio (DPR) is 12.99%.

Institutional Trading of Evertec

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Evertec in the 2nd quarter valued at about $254,513,000. Heartland Advisors Inc. acquired a new stake in Evertec during the 2nd quarter worth approximately $23,346,000. Millennium Management LLC raised its holdings in Evertec by 731.6% in the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after buying an additional 603,753 shares during the period. Bank of New York Mellon Corp acquired a new position in Evertec during the second quarter valued at approximately $12,700,000. Finally, Voloridge Investment Management LLC lifted its position in Evertec by 151.5% during the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock valued at $8,311,000 after buying an additional 172,101 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.