Brian John Smith Purchases 16,202 Shares of Evertec (NYSE:EVTC) Stock

Evertec, Inc. (NYSE:EVTC) Director Brian John Smith purchased 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the transaction, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. The trade was a 22.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Evertec Stock Performance

NYSE:EVTC opened at $26.33 on Friday. 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 firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.89 and a beta of 0.74. The company’s 50-day moving average is $26.42 and its two-hundred day moving average is $27.88. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $37.78.

Evertec (NYSE:EVTC) last posted its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). The firm had revenue of $247.92 million during the quarter, compared to analyst estimates of $248.99 million. Evertec had a net margin of 13.95% and a return on equity of 31.40%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Evertec’s payout ratio is presently 9.66%.

Institutional Investors Weigh In On Evertec

Several large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in Evertec by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after buying an additional 335,639 shares during the period. Dimensional Fund Advisors LP increased its stake in Evertec by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after buying an additional 61,591 shares during the period. Millennium Management LLC increased its stake in Evertec by 23.7% during the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after buying an additional 162,307 shares during the period. North Star Asset Management Inc. increased its stake in Evertec by 0.5% during the 4th quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after buying an additional 3,858 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Evertec by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock worth $20,616,000 after buying an additional 53,323 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EVTC shares. Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley reduced their price target on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.20.

About Evertec

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.