Insider Buying: Evertec (NYSE:EVTC) Director Purchases $428,056.84 in Stock

Evertec, Inc. (NYSE:EVTC) Director Brian John Smith bought 16,202 shares of Evertec stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the acquisition, the director owned 88,222 shares of the company’s stock, valued at $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Evertec Trading Up 0.2%

Shares of NYSE EVTC opened at $26.33 on Monday. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $37.78. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.89 and a beta of 0.74. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $27.88.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The company had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same period in the prior year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Sell-side analysts predict that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio is currently 9.66%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have given 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 a consensus target price of $33.20.

Institutional Trading of Evertec

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in Evertec by 104.7% during the first quarter. Bank of America Corp DE now owns 309,627 shares of the business services provider’s stock worth $8,738,000 after acquiring an additional 158,370 shares in the last quarter. Smith Group Asset Management LLC raised its stake in Evertec by 8.4% in the first quarter. Smith Group Asset Management LLC now owns 17,697 shares of the business services provider’s stock valued at $499,000 after buying an additional 1,367 shares during the period. Amundi raised its stake in Evertec by 14.6% in the first quarter. Amundi now owns 14,860 shares of the business services provider’s stock valued at $419,000 after buying an additional 1,898 shares during the period. EverSource Wealth Advisors LLC raised its stake in Evertec by 13.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider’s stock valued at $121,000 after buying an additional 524 shares during the period. Finally, Royal Bank of Canada raised its stake in Evertec by 1.4% in the first quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock valued at $983,000 after buying an additional 479 shares during the period. Institutional investors 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.