Evertec, Inc. $EVTC Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its stake in shares of Evertec, Inc. (NYSE:EVTC) by 35.1% in the 1st quarter, Holdings Channel reports. The firm owned 50,000 shares of the business services provider’s stock after selling 27,000 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Evertec were worth $1,411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVTC. Bank of America Corp DE boosted its holdings in Evertec by 104.7% in the 1st quarter. Bank of America Corp DE now owns 309,627 shares of the business services provider’s stock worth $8,738,000 after buying an additional 158,370 shares during the last quarter. Smith Group Asset Management LLC raised its holdings in shares of Evertec by 8.4% during the first quarter. Smith Group Asset Management LLC now owns 17,697 shares of the business services provider’s stock valued at $499,000 after acquiring an additional 1,367 shares during the last quarter. Amundi lifted its position in shares of Evertec by 14.6% in the first quarter. Amundi now owns 14,860 shares of the business services provider’s stock valued at $419,000 after acquiring an additional 1,898 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Evertec by 13.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 524 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Evertec by 1.4% in the first quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock worth $983,000 after acquiring an additional 479 shares during the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evertec

In other news, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $22.74 per share, for a total transaction 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. This trade represents a 16.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian John Smith bought 16,202 shares of Evertec stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 53,202 shares of company stock valued at $1,292,557. 1.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EVTC. Morgan Stanley dropped their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Weiss Ratings raised shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.75.

Evertec Trading Up 2.6%

Shares of Evertec stock opened at $31.22 on Tuesday. 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 stock’s 50 day simple moving average is $27.45 and its 200-day simple moving average is $27.73. The stock has a market cap of $1.92 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.03 and a beta of 0.70. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $37.71.

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

Evertec Dividend Announcement

The company 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 $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 dividend yield of 0.6%. Evertec’s dividend payout ratio is currently 9.66%.

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.