Lombard Odier Asset Management Europe Ltd Sells 27,000 Shares of Evertec, Inc. $EVTC

Lombard Odier Asset Management Europe Ltd decreased its position in Evertec, Inc. (NYSE:EVTC) by 35.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,000 shares of the business services provider’s stock after selling 27,000 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned approximately 0.08% of Evertec worth $1,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in shares of Evertec by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after purchasing an additional 61,591 shares in the last quarter. Millennium Management LLC grew its stake in shares of 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. 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 purchasing an additional 3,858 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Evertec by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock valued at $20,616,000 after purchasing an additional 53,323 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Evertec by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider’s stock valued at $18,983,000 after buying an additional 7,886 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Insider Transactions at Evertec

In other news, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian John Smith acquired 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 53,202 shares of company stock worth $1,292,557. Insiders own 1.13% of the company’s stock.

Wall Street Analysts Forecast Growth

EVTC has been the subject of a number of recent analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Morgan Stanley dropped their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.75.

Evertec Trading Down 0.0%

Shares of EVTC stock opened at $29.72 on Monday. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $37.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The stock’s 50 day simple moving average is $26.66 and its two-hundred day simple moving average is $27.67. The company has a market cap of $1.83 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71.

Evertec (NYSE:EVTC) last posted its quarterly earnings data 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). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The firm had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same period in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Research analysts predict that Evertec, Inc. will post 3.34 earnings per share for the current year.

Evertec Dividend Announcement

The business 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 is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. Evertec’s dividend payout ratio is presently 9.66%.

Evertec 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.