Dana Investment Advisors Inc. raised its holdings in shares of Evertec, Inc. (NYSE:EVTC – Free Report) by 53.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,297 shares of the business services provider’s stock after buying an additional 43,952 shares during the period. Dana Investment Advisors Inc.’s holdings in Evertec were worth $3,674,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in EVTC. Royal Bank of Canada boosted its holdings in Evertec by 10.2% during the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after buying an additional 3,495 shares in the last quarter. AQR Capital Management LLC bought a new stake in Evertec during the first quarter worth approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Evertec by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after buying an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after buying an additional 846 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after buying an additional 86,733 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on EVTC shares. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.00.
Insiders Place Their Bets
In related news, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was bought at an average price of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This represents a 16.13% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of $24.10 per share, with a total value of $409,700.00. Following the purchase, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. This trade represents a 26.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.13% of the company’s stock.
Evertec Trading Down 0.4%
Evertec stock opened at $23.54 on Monday. The company has a 50 day moving average price of $28.14 and a 200 day moving average price of $28.51. Evertec, Inc. has a 52 week low of $21.82 and a 52 week high of $38.56. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.80 and a beta of 0.80.
Evertec (NYSE:EVTC – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The firm had revenue of $247.92 million during the quarter, compared to analyst estimates of $248.99 million. During the same period in the prior year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Research analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.
Evertec Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Evertec’s dividend payout ratio (DPR) is currently 9.66%.
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.
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