UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Evertec, Inc. $EVTC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Evertec, Inc. (NYSE:EVTC) by 36,189.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,739 shares of the business services provider’s stock after purchasing an additional 127,387 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Evertec were worth $3,549,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Evertec during the second quarter valued at $254,513,000. Dimensional Fund Advisors LP increased its holdings in shares of Evertec by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after buying an additional 61,591 shares during the last quarter. Millennium Management LLC raised its position in shares of Evertec by 23.7% during the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after buying an additional 162,307 shares in the last quarter. Heartland Advisors Inc. purchased a new stake in shares of Evertec during the 2nd quarter valued at about $23,346,000. Finally, North Star Asset Management Inc. bought a new position in shares of Evertec in the 2nd quarter valued at about $22,489,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insider Buying and Selling

In other Evertec news, Director Aldo J. Polak sold 1,094 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total transaction of $33,224.78. Following the transaction, the director directly owned 14,849 shares in the company, valued at $450,964.13. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of Evertec stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares of the company’s stock, valued at approximately $1,465,046.76. This trade represents a 27.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,580 shares of company stock valued at $644,673 in the last quarter. 1.13% of the stock is owned by company insiders.

Evertec Trading Down 2.2%

NYSE EVTC opened at $29.07 on Friday. The stock has a market cap of $1.74 billion, a PE ratio of 18.88, a PEG ratio of 0.85 and a beta of 0.69. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $34.76. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $28.09. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89.

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

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 3rd were 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 of this dividend was Monday, August 3rd. Evertec’s payout ratio is currently 12.99%.

Wall Street Analyst Weigh In

Several research firms recently commented on EVTC. Morgan Stanley set a $34.00 price target on Evertec in a research report on Thursday, August 6th. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.