Jupiter Topco LLC Invests $758,000 in Evertec, Inc. $EVTC

Jupiter Topco LLC purchased a new stake in shares of Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 27,262 shares of the business services provider’s stock, valued at approximately $758,000.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its position in Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares during the period. Kestra Advisory Services LLC purchased a new stake in Evertec in the fourth quarter valued at $31,000. Clearstead Advisors LLC lifted its stake in shares of Evertec by 194.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Evertec in the 2nd quarter valued at $38,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after purchasing an additional 510 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Morgan Stanley set a $34.00 price target on shares of Evertec in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Evertec has an average rating of “Hold” and an average target price of $35.00.

Insider Activity

In related news, Director Aldo Polak sold 1,000 shares of Evertec stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $30.09, for a total value of $30,090.00. Following the completion of the transaction, the director owned 15,943 shares in the company, valued at approximately $479,724.87. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Brian Smith purchased 16,202 shares of the company’s stock in a transaction on Friday, June 12th. The stock was acquired at an average price of $26.42 per share, with a total value of $428,056.84. Following the purchase, the director 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 SEC filing for this purchase provides additional information. Over the last quarter, insiders sold 19,486 shares of company stock valued at $611,448. 1.13% of the stock is currently owned by company insiders.

Evertec Trading Up 0.3%

Shares of NYSE EVTC opened at $30.44 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $1.82 billion, a PE ratio of 19.77, a PEG ratio of 0.86 and a beta of 0.69. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $35.01. The stock has a fifty day simple moving average of $29.99 and a 200-day simple moving average of $28.02.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The firm had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the prior year, the company earned $0.89 EPS. Evertec’s revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities analysts forecast that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s dividend payout ratio is currently 12.99%.

Evertec Company 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.