Evertec, Inc. $EVTC Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Evertec, Inc. (NYSE:EVTC) by 16.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,506,326 shares of the business services provider’s stock after selling 289,834 shares during the period. Victory Capital Management Inc. owned approximately 2.35% of Evertec worth $50,884,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Evertec in the 2nd quarter worth $12,995,000. American Century Companies Inc. raised its position in shares of Evertec by 7.4% during the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after purchasing an additional 335,639 shares during the period. Globeflex Capital L P lifted its holdings in shares of Evertec by 9,133.9% during the second quarter. Globeflex Capital L P now owns 289,207 shares of the business services provider’s stock valued at $10,426,000 after purchasing an additional 286,075 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Evertec by 422.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock valued at $7,500,000 after purchasing an additional 168,225 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Evertec in the 2nd quarter valued at $4,386,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Stock Down 0.5%

Shares of Evertec stock opened at $28.55 on Friday. Evertec, Inc. has a 1 year low of $24.95 and a 1 year high of $38.56. The company has a market cap of $1.76 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.09 and a beta of 0.85. The company has a current ratio of 2.07, a quick ratio of 2.91 and a debt-to-equity ratio of 1.69. The stock has a 50-day moving average price of $28.43 and a 200 day moving average price of $30.33.

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

Evertec Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a report on Monday, December 29th. Keefe, Bruyette & Woods dropped their target price on shares of Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Susquehanna cut their price target on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Finally, Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.80.

About Evertec

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.