30,456 Shares in Evertec, Inc. $EVTC Purchased by Ieq Capital LLC

Ieq Capital LLC purchased a new stake in Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,456 shares of the business services provider’s stock, valued at approximately $846,000. Ieq Capital LLC owned approximately 0.05% of Evertec as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of Evertec in the first quarter valued at approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Evertec by 3.3% during the first 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 buying an additional 1,222 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Evertec by 1.0% during 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 valued at $3,189,000 after buying an additional 846 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after buying an additional 86,733 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Stock Performance

Shares of EVTC opened at $29.50 on Friday. The stock has a 50 day moving average of $29.54 and a 200 day moving average of $27.87. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.85 and a beta of 0.70. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $36.52. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The business had revenue of $274.82 million for the quarter, compared to analysts’ expectations of $262.24 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, sell-side analysts forecast that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s dividend payout ratio is presently 12.99%.

Insider Activity at Evertec

In related news, Director Aldo J. Polak sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total transaction of $29,500.00. Following the completion of the sale, the director owned 17,943 shares in the company, valued at approximately $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brian John Smith acquired 16,202 shares of the stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the transaction, the director owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their position. The SEC filing for this purchase provides additional information. 1.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVTC. Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $35.00.

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.