Evertec, Inc. $EVTC Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lowered 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 Securities & Exchange Commission. The fund owned 50,000 shares of the business services provider’s stock after selling 27,000 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.08% of Evertec worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EVTC. Lido Advisors LLC lifted its stake in Evertec by 4.3% during the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 363 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Evertec by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after acquiring an additional 384 shares during the period. ProShare Advisors LLC raised its holdings in shares of Evertec by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after purchasing an additional 391 shares during the last quarter. California State Teachers Retirement System lifted its position in Evertec by 0.7% during the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock valued at $2,133,000 after purchasing an additional 417 shares during the period. Finally, Cetera Investment Advisers lifted its position in Evertec by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 433 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Insiders Place Their Bets

In other Evertec news, Director Brian John Smith purchased 16,202 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price 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 of the company’s stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the company’s 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 completion of the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. This trade represents a 26.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 53,202 shares of company stock worth $1,292,557. 1.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EVTC has been the topic of several analyst reports. Morgan Stanley cut their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Evertec presently has a consensus rating of “Hold” and a consensus price target of $32.75.

Evertec Stock Up 2.6%

EVTC stock opened at $31.22 on Tuesday. Evertec, Inc. has a one year low of $21.81 and a one year high of $37.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The firm’s fifty day moving average is $27.45 and its 200 day moving average is $27.73. The firm has a market cap of $1.92 billion, a PE ratio of 15.08, a P/E/G ratio of 1.03 and a beta of 0.70.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $248.99 million. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, research analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. Evertec’s dividend payout ratio is presently 9.66%.

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.