Evertec, Inc. $EVTC Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in Evertec, Inc. (NYSE:EVTC) by 10.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 353,606 shares of the business services provider’s stock after selling 42,120 shares during the quarter. Natixis Advisors LLC’s holdings in Evertec were worth $10,286,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EVTC. Millennium Management LLC raised its position in Evertec by 731.6% in the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after purchasing an additional 603,753 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Evertec by 7.4% in the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock valued at $165,320,000 after acquiring an additional 335,639 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings 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 acquiring an additional 168,225 shares during the last quarter. Boston Partners increased its holdings in shares of Evertec by 45.0% in the 3rd quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock valued at $17,656,000 after acquiring an additional 163,398 shares during the last quarter. Finally, Invenomic Capital Management LP increased its holdings in shares of Evertec by 114.4% in the 3rd quarter. Invenomic Capital Management LP now owns 247,541 shares of the business services provider’s stock valued at $8,362,000 after acquiring an additional 132,063 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Ratings Changes

EVTC has been the topic of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th. Morgan Stanley dropped their price objective on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Wall Street Zen cut shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.20.

Evertec Trading Down 1.9%

Shares of Evertec stock opened at $22.32 on Friday. The company has a fifty day simple moving average of $26.78 and a 200-day simple moving average of $28.04. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.76 and a beta of 0.74. 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, Inc. has a 12-month low of $21.81 and a 12-month high of $38.02.

Evertec (NYSE:EVTC) last released its quarterly 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). The firm had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, equities analysts forecast that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Evertec’s dividend payout ratio (DPR) is currently 9.66%.

Insider Buying and Selling

In other news, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $3,274,264.38. This represents a 16.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the purchase, the executive vice president directly owned 80,907 shares in the company, valued at $1,949,858.70. The trade was a 26.60% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.13% 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.