Insider Selling: Evertec (NYSE:EVTC) Director Sells $29,500.00 in Stock

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $29.50, for a total transaction of $29,500.00. Following the transaction, the director owned 17,943 shares in the company, valued at approximately $529,318.50. The trade was a 5.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Evertec Trading Down 1.3%

NYSE EVTC opened at $31.55 on Friday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 0.91 and a beta of 0.70. The company’s 50-day simple moving average is $28.74 and its two-hundred day simple moving average is $27.82. Evertec, Inc. has a one year low of $21.81 and a one year high of $37.38.

Evertec (NYSE:EVTC) last announced its quarterly earnings results 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. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The firm had revenue of $274.82 million during the quarter, compared to analysts’ expectations of $262.24 million. During the same quarter in the prior year, the company earned $0.89 EPS. The company’s revenue was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Equities analysts forecast that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders 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 yield of 0.6%. Evertec’s dividend payout ratio is currently 12.99%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVTC. BlackRock Inc. purchased a new stake in Evertec in the second quarter valued at approximately $254,513,000. Dimensional Fund Advisors LP lifted its stake in Evertec by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after acquiring an additional 61,591 shares during the period. Millennium Management LLC lifted its stake in Evertec by 23.7% during the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after acquiring an additional 162,307 shares during the period. Heartland Advisors Inc. purchased a new stake in shares of Evertec in the 2nd quarter valued at $23,346,000. Finally, North Star Asset Management Inc. increased its stake in shares of Evertec by 0.5% in 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 acquiring an additional 3,858 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

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.