Principal Financial Group Inc. Has $12.07 Million Stake in Evertec, Inc. $EVTC

Principal Financial Group Inc. grew its stake in shares of Evertec, Inc. (NYSE:EVTC) by 16.5% in the first quarter, HoldingsChannel.com reports. The firm owned 427,560 shares of the business services provider’s stock after purchasing an additional 60,403 shares during the period. Principal Financial Group Inc.’s holdings in Evertec were worth $12,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EVTC. Hantz Financial Services Inc. lifted its holdings in shares of Evertec by 189.7% in the fourth 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. Kestra Advisory Services LLC bought a new stake in Evertec during the fourth quarter worth $31,000. Clearstead Advisors LLC grew its holdings in Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after buying an additional 819 shares in the last quarter. Richardson Financial Services Inc. raised its position 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 valued at $39,000 after buying an additional 562 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVTC. Weiss Ratings downgraded shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Morgan Stanley dropped their price target on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock 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 report on Saturday, May 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Evertec currently has an average rating of “Hold” and a consensus price target of $32.75.

Evertec Stock Up 2.2%

Shares of NYSE:EVTC opened at $29.72 on Friday. The company has a market capitalization of $1.83 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.99 and a beta of 0.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The business has a fifty day moving average price of $26.66 and a two-hundred day moving average price of $27.68. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $37.71.

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

Evertec Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is 9.66%.

Insiders Place Their Bets

In related news, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the transaction, the chief operating officer 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian John Smith bought 16,202 shares of Evertec stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the transaction, the director directly owned 88,222 shares in the company, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 53,202 shares of company stock valued at $1,292,557. Company insiders own 1.13% 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.