23,812 Shares in Evertec, Inc. $EVTC Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Evertec, Inc. (NYSE:EVTC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 23,812 shares of the business services provider’s stock, valued at approximately $661,000.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Evertec by 10.2% during the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares in the last quarter. AQR Capital Management LLC acquired a new stake in Evertec during the 1st quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Evertec by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after buying an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Evertec by 1.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after buying an additional 846 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Evertec by 184.6% in the 1st quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after buying an additional 86,733 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Price Performance

EVTC opened at $30.44 on Monday. The company has a 50-day moving average of $29.99 and a 200-day moving average of $28.02. The company has a market capitalization of $1.82 billion, a P/E ratio of 19.77, a PEG ratio of 0.86 and a beta of 0.69. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $35.01. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The business had revenue of $274.82 million for the quarter, compared to analysts’ expectations of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Equities analysts expect that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is currently 12.99%.

Insider Transactions at Evertec

In other news, Director Aldo Polak sold 1,000 shares of the business’s 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 sale, the director directly owned 15,943 shares in the company, valued at approximately $479,724.87. The trade was a 5.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian Smith purchased 16,202 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the transaction, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This represents a 22.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 19,486 shares of company stock worth $611,448. 1.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Morgan Stanley set a $34.00 price target on Evertec in a research note on Thursday, August 6th. 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 given a Hold rating to the company. According to MarketBeat.com, Evertec presently has a consensus 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.