Evertec (NYSE:EVTC) Stock Price Up 6.2% After Insider Buying Activity

Evertec, Inc. (NYSE:EVTC)’s stock price rose 6.2% on Tuesday after an insider bought additional shares in the company. The company traded as high as $24.53 and last traded at $24.4540. Approximately 82,264 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 467,673 shares. The stock had previously closed at $23.02.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EVTC shares. Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Evertec has an average rating of “Hold” and a consensus target price of $34.00.

Evertec Stock Performance

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 company has a market capitalization of $1.50 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The business has a 50 day moving average of $28.55 and a 200-day moving average of $28.71.

Evertec (NYSE:EVTC) last issued 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). The company had revenue of $247.92 million during the quarter, compared to the consensus estimate of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, sell-side analysts predict that Evertec, Inc. will post 3.4 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.

Hedge Funds Weigh In On Evertec

Several hedge funds have recently bought and sold shares of the company. Richardson Financial Services Inc. increased its holdings in Evertec by 132.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock worth $26,000 after acquiring an additional 435 shares during the period. Kestra Advisory Services LLC bought a new position in Evertec in the 4th quarter valued at $31,000. Hantz Financial Services Inc. grew its position in shares of Evertec by 189.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Evertec by 53.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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.