New Age Alpha Advisors LLC Trims Stock Holdings in Evertec, Inc. $EVTC

New Age Alpha Advisors LLC decreased its position in Evertec, Inc. (NYSE:EVTC) by 93.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,926 shares of the business services provider’s stock after selling 41,566 shares during the period. New Age Alpha Advisors LLC’s holdings in Evertec were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its stake in Evertec by 189.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Evertec by 73.7% in the 4th quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock worth $39,000 after acquiring an additional 562 shares during the last quarter. Global Retirement Partners LLC raised its stake in Evertec by 53.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after acquiring an additional 510 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Evertec in the 3rd quarter worth $52,000. Finally, Advisory Services Network LLC purchased a new position in Evertec in the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Evertec

In other Evertec news, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief operating officer owned 143,987 shares in the company, valued at $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of the stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. The trade was a 26.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is currently owned by corporate insiders.

Evertec Price Performance

NYSE:EVTC opened at $24.45 on Friday. Evertec, Inc. has a one year low of $21.82 and a one year high of $38.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.83 and a beta of 0.80. The firm’s fifty day moving average is $27.27 and its two-hundred day moving average is $28.22.

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

Evertec Announces Dividend

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

Evertec Profile

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.