Evertec, Inc. $EVTC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in shares of Evertec, Inc. (NYSE:EVTC) by 80.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 76,649 shares of the business services provider’s stock after acquiring an additional 34,144 shares during the quarter. SG Americas Securities LLC’s holdings in Evertec were worth $2,163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in Evertec by 189.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after buying an additional 702 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Evertec during the 4th quarter valued at about $31,000. Clearstead Advisors LLC boosted its position in shares of Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 819 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Evertec by 73.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 562 shares during the period. Finally, Global Retirement Partners LLC increased its position in Evertec by 53.1% during the fourth 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 last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EVTC. Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Raymond James Financial restated an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Morgan Stanley lowered their price objective on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.20.

Insider Buying and Selling at Evertec

In other news, Director Brian John Smith bought 16,202 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $26.42 per share, with a total value of $428,056.84. Following the purchase, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief operating officer directly owned 143,987 shares in the company, valued at $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 53,202 shares of company stock valued at $1,292,557 over the last quarter. 1.13% of the stock is owned by company insiders.

Evertec Stock Up 4.5%

Shares of EVTC opened at $29.04 on Thursday. The company’s 50-day moving average price is $25.83 and its 200 day moving average price is $27.65. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $37.78. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The firm has a market cap of $1.79 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share 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 company had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same period last year, the business earned $0.87 EPS. The company’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. On average, sell-side analysts forecast that Evertec, Inc. will post 3.34 earnings per share for the current year.

Evertec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s 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.