Insider Selling: Evertec (NYSE:EVTC) Director Sells $33,224.78 in Stock

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,094 shares of Evertec stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total transaction of $33,224.78. Following the transaction, the director owned 14,849 shares of the company’s stock, valued at approximately $450,964.13. The trade was a 6.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Evertec Price Performance

Shares of NYSE EVTC traded down $1.28 on Tuesday, hitting $29.07. The company’s stock had a trading volume of 485,493 shares, compared to its average volume of 505,582. The stock has a 50 day moving average of $30.05 and a 200-day moving average of $28.04. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $34.76. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The business had revenue of $274.82 million during the quarter, compared to analysts’ expectations of $262.24 million. During the same period last year, the company posted $0.89 EPS. The company’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. As a group, research analysts predict that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s payout ratio is 12.99%.

Institutional Investors Weigh In On Evertec

Several hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in shares of Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the period. Kestra Advisory Services LLC acquired a new position in Evertec in the fourth quarter valued at $31,000. Clearstead Advisors LLC lifted its position in Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after buying an additional 819 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Evertec during the second quarter worth about $37,000. Finally, Allworth Financial LP acquired a new stake in Evertec in the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EVTC. Morgan Stanley set a $34.00 price objective on Evertec in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Evertec presently has an average rating of “Hold” and an average price target 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.