Paola Perez-Surillo Sells 17,486 Shares of Evertec (NYSE:EVTC) Stock

Evertec, Inc. (NYSE:EVTC) 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 value of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares of the company’s stock, valued at $1,465,046.76. This represents a 27.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Evertec Stock Performance

Shares of EVTC traded down $0.43 during trading hours on Friday, hitting $31.55. The company had a trading volume of 475,037 shares, compared to its average volume of 520,507. The business has a fifty day moving average of $28.56 and a 200-day moving average of $27.79. 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 firm has a market cap of $1.89 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 0.88 and a beta of 0.70. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $37.38.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.10. The business had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Equities analysts anticipate that Evertec, Inc. will post 3.48 EPS for the current fiscal year.

Evertec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. Evertec’s payout ratio is currently 12.99%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVTC. Dana Investment Advisors Inc. raised its stake in shares of Evertec by 53.4% in the fourth quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock worth $3,674,000 after purchasing an additional 43,952 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Evertec during the fourth quarter valued at approximately $2,240,000. Sei Investments Co. lifted its holdings in Evertec by 293.5% during the first quarter. Sei Investments Co. now owns 63,472 shares of the business services provider’s stock worth $1,791,000 after acquiring an additional 47,342 shares during the period. UBS Group AG lifted its holdings in Evertec by 61.4% during the fourth quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock worth $3,098,000 after acquiring an additional 40,529 shares during the period. Finally, Heartland Advisors Inc. boosted its position in Evertec by 18.8% in the fourth quarter. Heartland Advisors Inc. now owns 237,500 shares of the business services provider’s stock worth $6,909,000 after purchasing an additional 37,500 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $34.00 price objective on shares of Evertec in a research note on Thursday, August 6th. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

Evertec Company 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.