Evertec, Inc. (EVTC) To Go Ex-Dividend on November 9th

Evertec, Inc. (NYSE:EVTC) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.05 per share by the business services provider on Friday, December 4th. 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 has a dividend payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Evertec to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.2%.

Evertec Stock Performance

Shares of Evertec stock traded up $0.27 during trading on Friday, reaching $31.31. The company’s stock had a trading volume of 54,487 shares, compared to its average volume of 496,820. The firm has a market cap of $1.87 billion, a PE ratio of 20.36, a P/E/G ratio of 0.89 and a beta of 0.72. Evertec has a 52 week low of $21.81 and a 52 week high of $34.41. 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 business’s 50-day moving average price is $29.55 and its 200-day moving average price is $28.39.

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

Insider Buying and Selling at Evertec

In other Evertec news, Director Aldo J. Polak sold 1,094 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of the firm’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the sale, the executive vice president owned 46,421 shares in the company, valued at $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 20,580 shares of company stock valued at $644,673 in the last ninety days. 1.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Evertec

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Evertec in the second quarter worth about $254,513,000. Heartland Advisors Inc. purchased a new stake in Evertec in the 2nd quarter valued at about $23,346,000. North Star Asset Management Inc. purchased a new stake in Evertec in the 2nd quarter valued at about $22,489,000. Bank of New York Mellon Corp bought a new position in Evertec in the 2nd quarter worth about $12,700,000. Finally, Bank of America Corp DE bought a new position in Evertec in the 2nd quarter worth about $7,835,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

Evertec Company Profile

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.