Key Points
- Director Aldo Polak sold 1,000 Evertec shares at an average price of $29.50, reducing his holdings by 5.28% to 17,943 shares.
- Evertec reported better-than-expected quarterly results, with EPS of $1.05 versus the $0.95 consensus and revenue of $274.82 million, up 19.7% year over year.
- EVTC shares opened at $32.00, while analysts’ consensus rating remains “Hold” with an average price target of $35.00; the company also declared a quarterly dividend of $0.05 per share.
Evertec, Inc. (NYSE:EVTC - Get Free Report) Director Aldo Polak sold 1,000 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total value of $29,500.00. Following the completion of the transaction, the director owned 17,943 shares of the company's stock, valued at $529,318.50. This trade represents a 5.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Evertec Trading Up 5.2%
Shares of EVTC opened at $32.00 on Friday. The business's 50-day moving average price is $28.56 and its 200 day moving average price is $27.79. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $1.91 billion, a P/E ratio of 20.78, a P/E/G ratio of 0.88 and a beta of 0.70. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $37.44.
Evertec (NYSE:EVTC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business's quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts expect that Evertec, Inc. will post 3.48 earnings per share for the current year.
Evertec Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. Evertec's dividend payout ratio (DPR) is currently 12.99%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in Evertec by 10.2% in the 1st 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 purchased a new position in shares of Evertec during the 1st quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Evertec by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider's stock valued at $1,394,000 after acquiring an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Evertec by 1.0% in 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 acquiring an additional 846 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Evertec by 184.6% in the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider's stock worth $4,917,000 after acquiring an additional 86,733 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have issued reports on EVTC shares. Raymond James Financial reissued an "outperform" rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Weiss Ratings downgraded Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday. Wall Street Zen raised Evertec from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Morgan Stanley set a $34.00 price objective on Evertec in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $35.00.
Get Our Latest Report on Evertec
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.
See Also
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].