Evertec (NYSE:EVTC) Director Aldo Polak Sells 1,000 Shares

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of Evertec stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $30.09, for a total value of $30,090.00. Following the transaction, the director owned 15,943 shares of the company’s stock, valued at $479,724.87. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Evertec Stock Performance

Shares of EVTC stock opened at $29.68 on Tuesday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $1.77 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.85 and a beta of 0.70. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.31. The firm has a 50-day moving average of $29.71 and a 200-day moving average of $27.91.

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

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be paid a $0.05 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. Evertec’s dividend payout ratio (DPR) is presently 12.99%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVTC. Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $34.00 target price on shares of Evertec in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of EVTC. Corient Private Wealth LP increased its position in shares of Evertec by 41.3% in the second quarter. Corient Private Wealth LP now owns 54,551 shares of the business services provider’s stock worth $1,515,000 after purchasing an additional 15,956 shares during the last quarter. Amundi lifted its position in Evertec by 371.4% during the second quarter. Amundi now owns 70,055 shares of the business services provider’s stock valued at $1,946,000 after purchasing an additional 55,195 shares during the last quarter. California State Teachers Retirement System grew its stake in Evertec by 3,417.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,061,971 shares of the business services provider’s stock worth $57,282,000 after buying an additional 2,003,344 shares in the last quarter. Nykredit A S bought a new position in shares of Evertec in the 2nd quarter worth $112,000. Finally, Lone Peak Global Investors LLC increased its holdings in shares of Evertec by 5.9% in the 2nd quarter. Lone Peak Global Investors LLC now owns 584,685 shares of the business services provider’s stock worth $16,243,000 after buying an additional 32,764 shares during the last quarter. 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.