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

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,000 shares of Evertec stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.09, for a total value of $30,090.00. Following the completion of the transaction, the director owned 15,943 shares of the company’s stock, valued at approximately $479,724.87. The trade was a 5.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Evertec Stock Performance

EVTC stock opened at $29.07 on Wednesday. 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 firm has a market cap of $1.74 billion, a P/E ratio of 18.88, a P/E/G ratio of 0.84 and a beta of 0.69. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $35.41. The stock’s 50 day simple moving average is $29.78 and its 200 day simple moving average is $27.93.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $274.82 million for the quarter, compared to analysts’ expectations of $262.24 million. During the same period last year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities research analysts predict that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Announces Dividend

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 $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. Evertec’s payout ratio is 12.99%.

Hedge Funds Weigh In On Evertec

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dana Investment Advisors Inc. increased its holdings in shares of Evertec by 53.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock worth $3,674,000 after acquiring an additional 43,952 shares during the period. Lombard Odier Asset Management Europe Ltd bought a new stake in Evertec in the 4th quarter valued at about $2,240,000. Sei Investments Co. boosted its stake in Evertec by 293.5% during the 1st 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 period. Walleye Capital LLC acquired a new position in Evertec during the 2nd quarter valued at about $3,660,000. Finally, UBS Group AG grew its position in Evertec by 61.4% in the 4th quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock worth $3,098,000 after purchasing an additional 40,529 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.