Walleye Capital LLC Purchases Shares of 131,747 Evertec, Inc. $EVTC

Walleye Capital LLC purchased a new position in Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, Holdings Channel reports. The firm purchased 131,747 shares of the business services provider’s stock, valued at approximately $3,660,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE grew its position 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 buying an additional 158,370 shares in the last quarter. Smith Group Asset Management LLC increased its stake in Evertec by 8.4% during 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 acquiring an additional 1,367 shares during the period. Amundi raised its holdings in Evertec by 14.6% in the 1st quarter. Amundi now owns 14,860 shares of the business services provider’s stock valued at $419,000 after acquiring an additional 1,898 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Evertec by 13.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 524 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Evertec by 1.4% in the 1st quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider’s stock worth $983,000 after acquiring an additional 479 shares during the period. Institutional investors own 96.80% of the company’s stock.

Insider Buying and Selling

In other Evertec news, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.56, for a total value of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares in the company, valued at $1,465,046.76. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brian John Smith acquired 16,202 shares of the company’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This represents a 22.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is owned by corporate insiders.

Evertec Stock Performance

NYSE EVTC opened at $31.55 on Friday. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $37.38. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The stock has a market cap of $1.89 billion, a P/E ratio of 20.49, a PEG ratio of 0.92 and a beta of 0.70. The company’s 50-day simple moving average is $28.74 and its 200 day simple moving average is $27.82.

Evertec (NYSE:EVTC) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $274.82 million during the quarter, compared to analysts’ expectations of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, research analysts forecast that Evertec, Inc. will post 3.48 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. Evertec’s dividend payout ratio is presently 12.99%.

Analysts Set New Price Targets

EVTC has been the topic of several recent research reports. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Morgan Stanley set a $34.00 target price on Evertec in a research note on Thursday, August 6th. 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. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Evertec has a consensus rating of “Hold” and an average price target of $35.00.

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.