Evertec (NYSE:EVTC) CEO Sells $5,041,650.00 in Stock

November 6, 2026 by InsiderTrades.com

Key Points

Evertec CEO Morgan Schuessler sold 145,000 shares for about $5.04 million, cutting his direct stake by 32.22%; he retained 305,054 shares.
Third-quarter results beat expectations: earnings were $1.07 per share and revenue reached $282.99 million, up 23.8% year over year.
Keefe, Bruyette & Woods raised its price target to $42 from $38 and maintained an “outperform” rating; analysts’ overall consensus rating was “Hold,” with a $35.50 average target.

Evertec, Inc. (NYSE:EVTC - Get Free Report) CEO Morgan Schuessler sold 145,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $34.77, for a total transaction of $5,041,650.00. Following the completion of the transaction, the chief executive officer directly owned 305,054 shares of the company's stock, valued at $10,606,727.58. This represents a 32.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Evertec Stock Performance

NYSE:EVTC opened at $34.07 on Friday. The company has a fifty day simple moving average of $29.86 and a two-hundred day simple moving average of $28.46. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.99 and a beta of 0.71. The company has a quick ratio of 1.70, a current ratio of 1.66 and a debt-to-equity ratio of 1.86. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $35.28.

Evertec (NYSE:EVTC - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.09. The business had revenue of $282.99 million for the quarter, compared to analyst estimates of $272.94 million. Evertec had a return on equity of 32.81% and a net margin of 9.00%. The company's revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. As a group, equities analysts anticipate that Evertec, Inc. will post 3.53 earnings per share for the current fiscal year.

Evertec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Monday, November 9th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 9th. Evertec's payout ratio is presently 13.16%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their price target on Evertec from $38.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday. Weiss Ratings upgraded Evertec from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, October 21st. 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 report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Evertec has an average rating of "Hold" and a consensus price target of $35.50.

Check Out Our Latest Report on EVTC

Hedge Funds Weigh In On Evertec

Several large investors have recently bought and sold shares of EVTC. Public Employees Retirement System of Ohio acquired a new stake in Evertec in the second quarter valued at $37,000. Allworth Financial LP purchased a new stake in Evertec during the 2nd quarter worth about $38,000. Integrated Wealth Concepts LLC purchased a new stake in Evertec during the 2nd quarter worth about $38,000. Global Retirement Partners LLC purchased a new stake in Evertec during the 2nd quarter worth about $48,000. Finally, Sterling Capital Management LLC boosted its position in shares of Evertec by 849.3% during the 3rd quarter. Sterling Capital Management LLC now owns 2,079 shares of the business services provider's stock worth $56,000 after acquiring an additional 1,860 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company's stock.

Evertec News Roundup

Here are the key news stories impacting Evertec this week:

Positive Sentiment: Evertec reported third-quarter earnings of $1.07 per share, above consensus estimates of about $0.97–$0.98, while revenue of $282.99 million also exceeded forecasts. Earnings rose from $0.92 per share a year earlier, and revenue increased 23.8% year over year. Evertec tops Q3 earnings and revenue estimates
Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $42 from $38 and reiterated an “outperform” rating, signaling a more optimistic outlook for the shares. Evertec given new price target at Keefe, Bruyette & Woods
Negative Sentiment: CEO Morgan Schuessler sold 145,000 shares for about $5.04 million, reducing his direct ownership by 32.22%. The sale may raise investor concerns about insider sentiment, though he retained 305,054 shares and the filing does not state the reason for the transaction. SEC filing

Evertec Company Profile

(Get Free Report)

Evertec, Inc is a payment processing and financial technology company that provides transaction-processing services and business technology solutions to financial institutions, merchants, government agencies and other organizations. The company operates through businesses that support electronic payments, merchant acquiring, payment networks and related financial services.

Its products and services include debit and credit card processing, point-of-sale and e-commerce payment acceptance, automated teller machine processing, prepaid services, electronic bill payment and money transfer solutions.