Lone Peak Global Investors LLC Raises Stock Position in Evertec, Inc. $EVTC

Lone Peak Global Investors LLC grew its stake in shares of Evertec, Inc. (NYSE:EVTC) by 5.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 584,685 shares of the business services provider’s stock after acquiring an additional 32,764 shares during the period. Evertec comprises approximately 2.2% of Lone Peak Global Investors LLC’s investment portfolio, making the stock its 29th biggest holding. Lone Peak Global Investors LLC owned approximately 0.98% of Evertec worth $16,243,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EVTC. Lido Advisors LLC increased its holdings in Evertec by 4.3% during the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after purchasing an additional 363 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Evertec by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after buying an additional 391 shares during the period. California State Teachers Retirement System grew its position in shares of Evertec by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after buying an additional 417 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Evertec by 3.6% during the 4th quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock worth $358,000 after buying an additional 433 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Evertec by 1.4% during the first quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock valued at $983,000 after buying an additional 479 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insider Activity at Evertec

In other Evertec news, Director Brian John Smith purchased 16,202 shares of Evertec stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the transaction, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aldo J. Polak sold 1,000 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $30.09, for a total value of $30,090.00. Following the sale, the director owned 15,943 shares of the company’s stock, valued at approximately $479,724.87. This represents a 5.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 19,486 shares of company stock valued at $611,448 over the last 90 days. Insiders own 1.13% of the company’s stock.

Analyst Ratings Changes

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

Evertec Price Performance

Shares of EVTC stock opened at $29.07 on Wednesday. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $35.41. The stock’s 50-day moving average is $29.78 and its 200 day moving average is $27.93. The company has a market cap of $1.74 billion, a P/E ratio of 18.88, a PEG ratio of 0.84 and a beta of 0.69. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Research analysts predict that Evertec, Inc. will post 3.53 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be paid 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 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.