Evertec, Inc. (NYSE:EVTC – Get Free Report) Director Aldo Polak sold 1,094 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total value of $33,224.78. Following the completion of the sale, the director owned 14,849 shares of the company’s stock, valued at approximately $450,964.13. This trade represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Evertec Price Performance
Shares of NYSE EVTC opened at $29.78 on Thursday. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $34.76. The company has a market cap of $1.78 billion, a PE ratio of 19.34, a P/E/G ratio of 0.83 and a beta of 0.69. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70. The business has a 50-day simple moving average of $30.09 and a two-hundred day simple moving average of $28.08.
Evertec (NYSE:EVTC – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.10. The firm had revenue of $274.82 million for the quarter, compared to the consensus estimate of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities analysts expect that Evertec, Inc. will post 3.53 EPS for the current fiscal year.
Evertec Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley set a $34.00 price objective on Evertec in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Evertec presently has an average rating of “Hold” and a consensus target price of $35.00.
Read Our Latest Analysis on EVTC
Institutional Trading of Evertec
A number of hedge funds and other institutional investors have recently made changes to their positions in EVTC. Kestra Advisory Services LLC purchased a new position in shares of Evertec during the fourth quarter worth $31,000. Hantz Financial Services Inc. boosted its holdings in Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the last quarter. Clearstead Advisors LLC grew its position in Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after purchasing an additional 819 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Evertec during the 2nd quarter worth about $37,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Evertec during the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 96.80% of the company’s stock.
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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