Insider Buying: Evertec (NYSE:EVTC) EVP Purchases 17,000 Shares of Stock

Evertec, Inc. (NYSE:EVTC) EVP Luis Rodriguez-Gonzalez bought 17,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the transaction, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Evertec Price Performance

Shares of NYSE:EVTC traded down $0.97 during midday trading on Monday, reaching $23.04. 709,953 shares of the company’s stock traded hands, compared to its average volume of 472,760. Evertec, Inc. has a 1 year low of $21.82 and a 1 year high of $38.56. The company has a market cap of $1.42 billion, a P/E ratio of 11.13, a PEG ratio of 0.91 and a beta of 0.80. 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 company has a fifty day simple moving average of $28.63 and a two-hundred day simple moving average of $28.81.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The business had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter last year, the business earned $0.87 EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts predict that Evertec, Inc. will post 3.4 EPS for the current fiscal year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. Evertec’s dividend payout ratio (DPR) is 9.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVTC. Richardson Financial Services Inc. lifted its holdings in Evertec by 132.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 435 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Evertec by 189.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Evertec in the 4th quarter worth $31,000. Clearstead Advisors LLC increased its stake in shares of Evertec by 194.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after acquiring an additional 819 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Evertec by 53.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after acquiring an additional 510 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EVTC shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday. Finally, Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $34.00.

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.