Crestwood Advisors Group LLC Takes $290,000 Position in Evertec, Inc. $EVTC

Crestwood Advisors Group LLC acquired a new stake in shares of Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,044 shares of the business services provider’s stock, valued at approximately $290,000.

A number of other large investors also recently bought and sold shares of the business. USA Financial Formulas bought a new stake in Evertec during the 2nd quarter valued at $26,000. TD Private Client Wealth LLC lifted its stake in shares of Evertec by 19.3% during the 1st quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider’s stock worth $68,000 after purchasing an additional 300 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Evertec by 28.6% during the 2nd quarter. Blue Trust Inc. now owns 1,958 shares of the business services provider’s stock worth $71,000 after purchasing an additional 436 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Evertec during the first quarter valued at about $80,000. Finally, Wealth Alliance LLC purchased a new position in Evertec in the first quarter valued at about $209,000. Institutional investors own 96.80% of the company’s stock.

Evertec Trading Down 3.1%

Shares of Evertec stock opened at $27.21 on Friday. Evertec, Inc. has a 12-month low of $26.78 and a 12-month high of $38.56. The firm’s 50 day simple moving average is $31.99 and its two-hundred day simple moving average is $34.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 1.43 and a beta of 0.91.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $227.93 million for the quarter, compared to analyst estimates of $224.68 million. Evertec had a net margin of 15.56% and a return on equity of 36.67%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. Evertec has set its FY 2025 guidance at 3.560-3.620 EPS. Analysts predict that Evertec, Inc. will post 2.63 EPS for the current year.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 3rd. Evertec’s dividend payout ratio (DPR) is presently 9.43%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna decreased their price target on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Evertec in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Evertec in a research note on Thursday, July 17th. They issued a “hold” rating and a $35.00 target price for the company. Raymond James Financial reaffirmed an “outperform” rating and set a $43.00 price target (up from $42.00) on shares of Evertec in a research report on Thursday, July 31st. Finally, Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $37.60.

Evertec Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.