Key Points
- Director Brian John Smith bought 16,202 Evertec shares on June 12 at an average price of $26.42, a purchase valued at about $428,057. His stake rose 22.5% to 88,222 shares.
- Evertec shares were up 3.6% around the time of the filing, with the stock opening at $26.33 and trading near its 50-day average of $26.42.
- Analysts are mixed on EVTC, with a consensus rating of “Hold” and a consensus price target of $33.20, while recent EPS came in slightly below estimates and the company reaffirmed FY 2026 guidance of 3.860–3.980 EPS.
Evertec, Inc. (NYSE:EVTC - Get Free Report) Director Brian John Smith acquired 16,202 shares of the company's stock in a transaction on Friday, June 12th. The shares were bought at an average cost of $26.42 per share, with a total value of $428,056.84. Following the acquisition, the director directly owned 88,222 shares in the company, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Evertec Stock Up 3.6%
EVTC opened at $26.33 on Friday. The firm has a 50-day simple moving average of $26.42 and a two-hundred day simple moving average of $27.88. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $37.78. The company has a market capitalization of $1.62 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.86 and a beta of 0.74. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56.
Evertec (NYSE:EVTC - Get Free Report) last released its quarterly earnings data 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). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The company had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. During the same period last year, the company earned $0.87 EPS. The firm'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. Analysts forecast that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.
Evertec Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Evertec's dividend payout ratio is 9.66%.
Analyst Ratings Changes
Several research analysts have commented on EVTC shares. Weiss Ratings downgraded shares of Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, May 22nd. Raymond James Financial reissued an "outperform" rating and set a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th. Wall Street Zen downgraded shares of Evertec from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Morgan Stanley dropped their price objective on shares of Evertec from $29.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.20.
Read Our Latest Stock Analysis on EVTC
Institutional Trading of Evertec
Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Evertec by 104.7% during the 1st quarter. Bank of America Corp DE now owns 309,627 shares of the business services provider's stock valued at $8,738,000 after buying an additional 158,370 shares in the last quarter. Smith Group Asset Management LLC raised its position in shares of Evertec by 8.4% during the 1st quarter. Smith Group Asset Management LLC now owns 17,697 shares of the business services provider's stock valued at $499,000 after buying an additional 1,367 shares in the last quarter. Amundi raised its position in shares of Evertec by 14.6% during the 1st quarter. Amundi now owns 14,860 shares of the business services provider's stock valued at $419,000 after buying an additional 1,898 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Evertec by 13.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider's stock valued at $121,000 after buying an additional 524 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Evertec by 1.4% during the 1st quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider's stock valued at $983,000 after buying an additional 479 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.
About Evertec
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
