Jupiter Topco LLC Makes New Investment in Evertec, Inc. $EVTC

Jupiter Topco LLC acquired a new stake in shares of Evertec, Inc. (NYSE:EVTC) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,262 shares of the business services provider’s stock, valued at approximately $758,000.

Several other large investors have also made changes to their positions in the business. Hantz Financial Services Inc. increased its stake 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 worth $31,000 after acquiring an additional 702 shares during the period. Kestra Advisory Services LLC acquired a new position in Evertec during the fourth quarter valued at $31,000. Clearstead Advisors LLC boosted its holdings in Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Allworth Financial LP purchased a new stake in Evertec in the second quarter valued at $38,000. Finally, Global Retirement Partners LLC grew its position in Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after purchasing an additional 510 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.

Evertec Stock Performance

Shares of EVTC stock opened at $30.44 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $35.01. The business’s 50 day moving average is $29.99 and its two-hundred day moving average is $28.02. The company has a market capitalization of $1.82 billion, a P/E ratio of 19.77, a P/E/G ratio of 0.86 and a beta of 0.69.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share 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 business had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. During the same period in the prior year, the company posted $0.89 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts expect that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 3rd. Evertec’s payout ratio is presently 12.99%.

Insider Buying and Selling

In other news, EVP Paola Perez-Surillo sold 17,486 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the completion of the sale, the executive vice president directly owned 46,421 shares in the company, valued at $1,465,046.76. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aldo Polak sold 1,000 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $30.09, for a total transaction of $30,090.00. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 19,486 shares of company stock worth $611,448. 1.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EVTC shares. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Morgan Stanley set a $34.00 price target on shares of Evertec in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.00.

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.