BlackRock Inc. Buys New Position in Evertec, Inc. $EVTC

BlackRock Inc. bought a new stake in shares of Evertec, Inc. (NYSE:EVTC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,161,745 shares of the business services provider’s stock, valued at approximately $254,513,000. BlackRock Inc. owned about 0.15% of Evertec at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Lido Advisors LLC increased its holdings in shares of Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after buying an additional 363 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Evertec by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after acquiring an additional 391 shares during the last quarter. California State Teachers Retirement System grew its position in Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after acquiring an additional 417 shares in the last quarter. Cetera Investment Advisers grew its position in Evertec by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock worth $358,000 after acquiring an additional 433 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Evertec by 1.4% in the first quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock valued at $983,000 after acquiring an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Evertec Stock Down 0.7%

EVTC opened at $29.71 on Thursday. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $36.52. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The business’s 50-day moving average price is $29.46 and its 200-day moving average price is $27.85. The company has a market cap of $1.78 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.85 and a beta of 0.70.

Evertec (NYSE:EVTC) last issued its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $262.24 million. During the same period in the prior year, the business posted $0.89 EPS. Evertec’s quarterly 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. On average, equities analysts expect that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be issued 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 currently 12.99%.

Insider Buying and Selling

In other news, Director Brian John Smith purchased 16,202 shares of the stock in a transaction that occurred 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 acquisition, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This represents a 22.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paola Perez-Surillo sold 17,486 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares of the company’s stock, valued at $1,465,046.76. The trade was a 27.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.13% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.