Key Points
- Evertec director Aldo Polak sold 1,094 shares at an average price of $30.37, generating $33,224.78. His remaining 14,849 shares represent a 6.86% reduction in ownership.
- Evertec exceeded quarterly expectations, reporting $1.05 in earnings per share versus the $0.95 estimate and revenue of $274.82 million, up 19.7% year over year.
- Analysts maintain a consensus “Hold” rating with a $35.00 price target, while the company pays a $0.05 quarterly dividend and institutional investors own 96.8% of its stock.
Evertec, Inc. (NYSE:EVTC - Get Free Report) Director Aldo Polak sold 1,094 shares of Evertec stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total transaction of $33,224.78. Following the sale, the director owned 14,849 shares in the company, valued at approximately $450,964.13. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Evertec Stock Performance
Shares of EVTC opened at $29.07 on Wednesday. The firm has a market capitalization of $1.74 billion, a PE ratio of 18.88, a P/E/G ratio of 0.86 and a beta of 0.69. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The firm has a 50-day moving average price of $30.08 and a 200 day moving average price of $28.06. Evertec, Inc. has a 52-week low of $21.81 and a 52-week high of $34.76.
Evertec (NYSE:EVTC - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.10. The company 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%. Evertec's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, sell-side analysts anticipate that Evertec, Inc. will post 3.53 earnings per share for the current fiscal year.
Evertec Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 3rd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, August 3rd. Evertec's dividend payout ratio is 12.99%.
Institutional Trading of Evertec
Hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Evertec by 10.2% in the first 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 during the period. AQR Capital Management LLC acquired a new position in Evertec during the first quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider's stock worth $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 boosted its position in Evertec by 1.0% during the 1st 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 period. Finally, Jane Street Group LLC boosted its position in Evertec by 184.6% during the 1st 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 period. Hedge funds and other institutional investors own 96.80% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on EVTC. Wall Street Zen raised Evertec from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. Finally, Morgan Stanley set a $34.00 price target on shares of Evertec in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.00.
Read Our Latest Analysis 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.
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