Natixis Advisors LLC Decreases Position in Evertec, Inc. $EVTC

Natixis Advisors LLC trimmed its stake in Evertec, Inc. (NYSE:EVTC) by 29.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 395,726 shares of the business services provider’s stock after selling 162,561 shares during the period. Natixis Advisors LLC owned approximately 0.62% of Evertec worth $13,368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock valued at $1,389,000 after buying an additional 3,495 shares during the period. AQR Capital Management LLC bought a new position in Evertec during the first quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Evertec by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after acquiring an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Evertec by 1.0% in the first 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 valued at $3,189,000 after acquiring an additional 846 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 86,733 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Evertec Trading Up 1.6%

Shares of NYSE:EVTC opened at $29.01 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 13.25, 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 2.07 and a debt-to-equity ratio of 1.69. Evertec, Inc. has a 12-month low of $24.95 and a 12-month high of $38.56. The business’s fifty day simple moving average is $28.37 and its 200-day simple moving average is $30.11.

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

Evertec Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 2nd. Evertec’s dividend payout ratio (DPR) is currently 9.13%.

Analysts Set New Price Targets

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

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.