Walleye Capital LLC Makes New $2.34 Million Investment in Evertec, Inc. $EVTC

Walleye Capital LLC acquired a new stake in shares of Evertec, Inc. (NYSE:EVTC) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 82,851 shares of the business services provider’s stock, valued at approximately $2,338,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EVTC. Dimensional Fund Advisors LP raised its position in Evertec by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after purchasing an additional 61,591 shares during the period. Millennium Management LLC lifted its position in Evertec by 23.7% in the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after buying an additional 162,307 shares during the last quarter. North Star Asset Management Inc. boosted its stake in Evertec by 0.5% during the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after buying an additional 3,858 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Evertec by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock worth $20,616,000 after buying an additional 53,323 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Evertec by 1.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider’s stock valued at $18,983,000 after acquiring an additional 7,886 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EVTC has been the topic of several recent analyst reports. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Weiss Ratings downgraded Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley lowered 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 note on Tuesday, May 19th. Two equities 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 stock. According to MarketBeat, Evertec has a consensus rating of “Hold” and an average target price of $32.75.

Insider Transactions at Evertec

In related news, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased 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 of the company’s stock, valued at $3,274,264.38. This trade represents a 16.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian John Smith bought 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. This represents a 22.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 53,202 shares of company stock worth $1,292,557. Insiders own 1.13% of the company’s stock.

Evertec Stock Performance

Shares of EVTC opened at $29.10 on Friday. 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 firm has a market cap of $1.79 billion, a PE ratio of 14.06, a P/E/G ratio of 0.99 and a beta of 0.71. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $37.71. The stock has a fifty day moving average price of $26.53 and a 200-day moving average price of $27.67.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share 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 business had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities research analysts predict that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. Evertec’s payout ratio is presently 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.