Clark Capital Management Group Inc. Raises Stock Holdings in Evertec, Inc. $EVTC

Clark Capital Management Group Inc. lifted its stake in Evertec, Inc. (NYSE:EVTC) by 44.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,723 shares of the business services provider’s stock after buying an additional 111,322 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Evertec were worth $12,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. grew its stake in shares of Evertec by 132.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 435 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Evertec during the third quarter valued at approximately $52,000. Parkside Financial Bank & Trust lifted its holdings in Evertec by 34.2% during the third quarter. Parkside Financial Bank & Trust now owns 1,819 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 464 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Evertec by 40.4% in the third quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock worth $62,000 after purchasing an additional 517 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Evertec by 2,751.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,926 shares during the period. 96.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a report on Monday, December 29th. Finally, Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Evertec currently has a consensus rating of “Hold” and a consensus target price of $35.80.

Evertec Trading Up 0.9%

EVTC stock opened at $29.28 on Monday. Evertec, Inc. has a 1-year low of $24.95 and a 1-year high of $38.56. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.12 and a beta of 0.85. The business has a 50 day simple moving average of $28.38 and a two-hundred day simple moving average of $29.97.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The business had revenue of $244.83 million during the quarter, compared to analyst estimates of $236.83 million. During the same period last year, the firm posted $0.87 EPS. The company’s revenue was up 13.1% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Research analysts anticipate that Evertec, Inc. will post 2.63 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 2nd. Evertec’s dividend payout ratio (DPR) is presently 9.13%.

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.