Palisade Capital Management LP Takes Position in Evertec, Inc. $EVTC

Palisade Capital Management LP purchased a new position in Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 162,140 shares of the business services provider’s stock, valued at approximately $4,504,000. Palisade Capital Management LP owned approximately 0.27% of Evertec at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Dana Investment Advisors Inc. boosted its holdings in shares of Evertec by 53.4% during the 4th quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock worth $3,674,000 after purchasing an additional 43,952 shares during the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Evertec in the fourth quarter valued at approximately $2,240,000. Sei Investments Co. increased its holdings in shares of Evertec by 293.5% in the first quarter. Sei Investments Co. now owns 63,472 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 47,342 shares during the last quarter. Walleye Capital LLC purchased a new position in Evertec during the second quarter worth approximately $3,660,000. Finally, UBS Group AG lifted its position in Evertec by 61.4% during the fourth quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock worth $3,098,000 after buying an additional 40,529 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVTC has been the subject of several analyst reports. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Morgan Stanley set a $34.00 price target on shares of Evertec in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Evertec has a consensus rating of “Hold” and an average price target of $35.00.

Insider Transactions at Evertec

In related news, EVP Paola Perez-Surillo sold 17,486 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brian John Smith bought 16,202 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the transaction, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. The trade was a 22.50% 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.

Evertec Stock Up 1.3%

EVTC stock opened at $29.93 on Wednesday. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.52. The firm has a market cap of $1.79 billion, a PE ratio of 19.44, a PEG ratio of 0.84 and a beta of 0.70. The firm’s 50 day moving average price is $29.40 and its 200-day moving average price is $27.84. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities research analysts anticipate that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

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 issued 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 dividend payout ratio is currently 12.99%.

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.