Key Points
- Evertec COO Joaquin Castrillo-Salgado bought 20,000 shares at an average price of $22.74, a transaction worth $454,800 that increased his ownership by 16.13%.
- Recent earnings were slightly below expectations, with Evertec reporting Q1 EPS of $0.90 versus the $0.91 estimate and revenue of $247.92 million versus $248.99 million expected.
- The company declared a quarterly dividend of $0.05 per share, payable June 5, implying a 0.9% annualized yield and a low payout ratio of 9.66%.
Evertec, Inc. (NYSE:EVTC - Get Free Report) EVP Luis Rodriguez-Gonzalez bought 17,000 shares of the stock in a transaction on Thursday, May 7th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the transaction, the executive vice president directly owned 80,907 shares of the company's stock, valued at approximately $1,949,858.70. The trade was a 26.60% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Evertec Trading Down 4.0%
Evertec stock opened at $23.04 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.91 and a beta of 0.80. Evertec, Inc. has a one year low of $21.82 and a one year high of $38.56. The company's fifty day moving average price is $28.55 and its two-hundred day moving average price is $28.71.
Evertec (NYSE:EVTC - Get Free Report) last posted its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The business had revenue of $247.92 million for the quarter, compared to analyst estimates of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, analysts forecast that Evertec, Inc. will post 3.4 earnings per share for the current fiscal year.
Evertec Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, May 11th. Evertec's dividend payout ratio is presently 9.66%.
Institutional Investors Weigh In On Evertec
Several hedge funds and other institutional investors have recently made changes to their positions in EVTC. Millennium Management LLC grew its position in shares of Evertec by 731.6% in the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider's stock valued at $23,183,000 after purchasing an additional 603,753 shares during the last quarter. American Century Companies Inc. grew its position in shares of Evertec by 7.4% in the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider's stock valued at $165,320,000 after purchasing an additional 335,639 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of Evertec by 151.5% in the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider's stock valued at $8,311,000 after purchasing an additional 172,101 shares during the last quarter. Qube Research & Technologies Ltd grew its position in shares of Evertec by 422.5% in the second quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider's stock valued at $7,500,000 after purchasing an additional 168,225 shares during the last quarter. Finally, Boston Partners grew its position in shares of Evertec by 45.0% in the third 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 during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EVTC has been the topic of several analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Evertec in a research report on Friday, March 27th. Wall Street Zen downgraded Evertec from a "buy" rating to a "hold" rating in a research report on Saturday. Zacks Research downgraded Evertec from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $34.00 price target on shares of Evertec in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $34.00.
View Our Latest Research Report on EVTC
Evertec Company Profile
(
Get Free Report)
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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