Joaquin Castrillo-Salgado Buys 20,000 Shares of Evertec (NYSE:EVTC) Stock

Evertec, Inc. (NYSE:EVTC) COO Joaquin Castrillo-Salgado purchased 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief operating officer owned 143,987 shares in the company, valued at approximately $3,274,264.38. This represents a 16.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Evertec Price Performance

Shares of NYSE:EVTC opened at $24.04 on Wednesday. Evertec, Inc. has a 1-year low of $21.82 and a 1-year high of $38.56. The firm has a market capitalization of $1.48 billion, a PE ratio of 11.61, a PEG ratio of 0.87 and a beta of 0.80. The business’s 50 day moving average is $28.47 and its 200-day moving average is $28.67. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56.

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

Evertec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be paid a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. Evertec’s dividend payout ratio is currently 9.66%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Raymond James Financial restated an “outperform” rating and set a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.00.

Institutional Investors Weigh In On Evertec

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Evertec by 10.2% in the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares during the last quarter. AQR Capital Management LLC bought a new position in Evertec during the 1st quarter valued at about $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Evertec by 3.3% during the 1st 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 purchasing an additional 1,222 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in 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 buying an additional 846 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Evertec by 184.6% in the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock valued at $4,917,000 after buying an additional 86,733 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

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.