Evertec (NYSE:EVTC) Director Aldo Polak Sells 1,094 Shares

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,094 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total value of $33,224.78. Following the transaction, the director owned 14,849 shares in the company, valued at approximately $450,964.13. This represents a 6.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Evertec Price Performance

Shares of NYSE EVTC opened at $29.07 on Wednesday. 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, Inc. has a 1-year low of $21.81 and a 1-year high of $34.76. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 0.86 and a beta of 0.69. The business has a 50-day moving average of $30.08 and a 200-day moving average of $28.06.

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

Evertec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is presently 12.99%.

Institutional Investors Weigh In On Evertec

Several large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in Evertec by 166.9% in the second quarter. Allworth Financial LP now owns 1,372 shares of the business services provider’s stock valued at $38,000 after buying an additional 858 shares during the last quarter. Nykredit A S acquired a new position in Evertec during the 2nd quarter valued at about $112,000. Corient Private Wealth LP grew its position in Evertec by 41.3% in the 2nd quarter. Corient Private Wealth LP now owns 54,551 shares of the business services provider’s stock worth $1,515,000 after purchasing an additional 15,956 shares during the last quarter. Amundi increased its stake in shares of Evertec by 371.4% in the second quarter. Amundi now owns 70,055 shares of the business services provider’s stock valued at $1,946,000 after purchasing an additional 55,195 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Evertec by 3,417.1% during 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 buying an additional 2,003,344 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVTC has been the topic of a number of recent analyst reports. 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 raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley set a $34.00 price target on Evertec in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Evertec currently has an average rating of “Hold” and an average target price 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.