Evertec, Inc. $EVTC Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lessened its holdings in Evertec, Inc. (NYSE:EVTC) by 35.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,000 shares of the business services provider’s stock after selling 27,000 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Evertec were worth $1,411,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Millennium Management LLC boosted its stake in Evertec by 731.6% in the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after purchasing an additional 603,753 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Evertec by 151.5% in the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock worth $8,311,000 after buying an additional 172,101 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Evertec by 422.5% during the second quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock worth $7,500,000 after buying an additional 168,225 shares during the period. Boston Partners grew its holdings in shares of Evertec by 45.0% during the third quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock valued at $17,656,000 after buying an additional 163,398 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its position in shares of Evertec by 44.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 525,235 shares of the business services provider’s stock valued at $15,279,000 after acquiring an additional 162,512 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EVTC shares. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th. Morgan Stanley cut their price target on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Finally, Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.75.

Insiders Place Their Bets

In other Evertec news, Director Brian John Smith purchased 16,202 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This represents a 22.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price 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 $3,274,264.38. The trade was a 16.13% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 53,202 shares of company stock valued at $1,292,557 in the last 90 days. 1.13% of the stock is owned by insiders.

Evertec Stock Performance

NYSE EVTC opened at $29.72 on Monday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.01 and a beta of 0.71. The stock has a 50-day moving average of $26.66 and a 200 day moving average of $27.67. 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, Inc. has a twelve month low of $21.81 and a twelve month high of $37.71.

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 company 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%. Evertec’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Sell-side analysts anticipate that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be issued a $0.05 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

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.