Insider Buying: Evertec (NYSE:EVTC) EVP Acquires $409,700.00 in Stock

Evertec, Inc. (NYSE:EVTC) EVP Luis Rodriguez-Gonzalez bought 17,000 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the acquisition, the executive vice president owned 80,907 shares in the company, valued at $1,949,858.70. The trade was a 26.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Evertec Price Performance

Shares of NYSE:EVTC opened at $23.57 on Thursday. The business’s fifty day moving average price is $28.37 and its two-hundred day moving average price is $28.61. The stock has a market cap of $1.45 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. Evertec, Inc. has a one year low of $21.82 and a one year high of $38.56.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The company had revenue of $247.92 million for 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%. Evertec’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, analysts forecast that Evertec, Inc. will post 3.4 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, May 11th. Evertec’s dividend payout ratio is 9.66%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. boosted its holdings in Evertec by 132.6% in the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 435 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 702 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Evertec in the fourth quarter valued at $31,000. Clearstead Advisors LLC boosted its holdings in Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 819 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Evertec by 53.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EVTC. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research note on Friday, March 27th. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial reissued an “outperform” rating and set a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.