UBS Group AG Purchases 40,529 Shares of Evertec, Inc. $EVTC

UBS Group AG boosted its position in Evertec, Inc. (NYSE:EVTC) by 61.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 106,509 shares of the business services provider’s stock after acquiring an additional 40,529 shares during the period. UBS Group AG’s holdings in Evertec were worth $3,098,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its holdings 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. Brown Brothers Harriman & Co. bought a new stake in Evertec in the 3rd quarter worth $52,000. Advisory Services Network LLC bought a new stake in Evertec in the 3rd quarter worth $59,000. Parkside Financial Bank & Trust grew its holdings in Evertec by 34.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock worth $61,000 after acquiring an additional 464 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Evertec by 40.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock worth $62,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

Insider Transactions at Evertec

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EVTC. Morgan Stanley dropped their target price on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Wall Street Zen cut shares of Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.20.

Evertec Trading Up 0.0%

NYSE:EVTC opened at $24.76 on Tuesday. The company has a 50-day moving average price of $27.67 and a 200-day moving average price of $28.33. Evertec, Inc. has a 12 month low of $21.82 and a 12 month high of $38.02. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.84 and a beta of 0.80.

Evertec (NYSE:EVTC) last posted its 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 return on equity of 31.40% and a net margin of 13.95%.The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts predict that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 11th will be given 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 of this dividend is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.

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.