Evertec, Inc. (NYSE:EVTC – Get Free Report) Director Brian John Smith acquired 16,202 shares of Evertec stock in a transaction on Friday, June 12th. The shares were bought at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Evertec Stock Up 3.6%
NYSE EVTC traded up $0.93 during trading hours on Friday, reaching $26.33. 925,320 shares of the company traded hands, compared to its average volume of 520,632. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $37.78. The company has a 50 day moving average of $26.45 and a two-hundred day moving average of $27.89. The stock has a market capitalization of $1.62 billion, a PE ratio of 12.72, a PEG ratio of 0.81 and a beta of 0.74.
Evertec (NYSE:EVTC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The firm had revenue of $247.92 million for the quarter, compared to analyst estimates of $248.99 million. During the same period last year, the firm posted $0.87 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities analysts expect that Evertec, Inc. will post 3.34 earnings per share for the current year.
Evertec Dividend Announcement
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in EVTC. Millennium Management LLC lifted its holdings in shares of Evertec by 731.6% during the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after acquiring an additional 603,753 shares during the period. American Century Companies Inc. grew its position in shares of Evertec by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after buying an additional 335,639 shares during the period. Voloridge Investment Management LLC grew its position in shares of Evertec by 151.5% during the 4th quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock worth $8,311,000 after buying an additional 172,101 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Evertec by 422.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock worth $7,500,000 after buying an additional 168,225 shares during the period. Finally, Boston Partners lifted its holdings in shares of Evertec by 45.0% during the 3rd quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock valued at $17,656,000 after purchasing an additional 163,398 shares in the last quarter. 96.80% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research report on Thursday, May 7th. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.20.
Get Our Latest Research Report on Evertec
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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