Natixis Advisors LLC Lowers Position in Evertec, Inc. $EVTC

Natixis Advisors LLC cut its holdings in shares of Evertec, Inc. (NYSE:EVTC) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 353,606 shares of the business services provider’s stock after selling 42,120 shares during the quarter. Natixis Advisors LLC owned about 0.55% of Evertec worth $10,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of EVTC. Royal Bank of Canada grew its holdings in shares of Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares during the period. AQR Capital Management LLC purchased a new position in shares of Evertec during the 1st quarter worth $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Evertec by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after purchasing an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Evertec by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after purchasing an additional 846 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Evertec by 184.6% during the 1st quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after purchasing an additional 86,733 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Evertec Stock Performance

NYSE:EVTC opened at $22.32 on Friday. The company has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $28.04. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $38.02.

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). The business had revenue of $247.92 million during the quarter, compared to analyst estimates of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities analysts anticipate that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Evertec’s dividend payout ratio (DPR) is currently 9.66%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EVTC shares. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Morgan Stanley decreased their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Raymond James Financial reissued an “outperform” rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Evertec currently has an average rating of “Hold” and an average target price of $33.20.

Insider Transactions at Evertec

In related news, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of Evertec stock in a transaction on Friday, May 8th. The shares were bought at an average price of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief operating officer directly owned 143,987 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of Evertec stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the transaction, the executive vice president directly owned 80,907 shares in the company, valued at $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is owned by company insiders.

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.