Heartland Advisors Inc. Takes Position in Evertec, Inc. $EVTC

Heartland Advisors Inc. acquired a new position in Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 840,400 shares of the business services provider’s stock, valued at approximately $23,346,000. Evertec comprises 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Evertec in the 2nd quarter valued at approximately $254,513,000. Millennium Management LLC raised its position in Evertec by 731.6% in the third 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 during the period. Bank of New York Mellon Corp acquired a new position in Evertec during the second quarter worth $12,700,000. Voloridge Investment Management LLC lifted its stake in Evertec by 151.5% during the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock worth $8,311,000 after purchasing an additional 172,101 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position 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. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Analyst Upgrades and Downgrades

EVTC has been the subject of a number of research reports. Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Finally, Morgan Stanley set a $34.00 target price on Evertec in a research report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Evertec presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling

In other Evertec news, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction of $551,858.16. Following the sale, the executive vice president owned 46,421 shares in the company, valued at $1,465,046.76. This represents a 27.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brian John Smith purchased 16,202 shares of the business’s stock in a transaction on Friday, June 12th. The shares were bought at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the acquisition, the director owned 88,222 shares in the company, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.13% of the stock is currently owned by insiders.

Evertec Price Performance

Evertec stock opened at $29.86 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. Evertec, Inc. has a 52-week low of $21.81 and a 52-week high of $36.91. The firm has a market cap of $1.78 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. The company’s 50 day moving average is $29.30 and its two-hundred day moving average is $27.83.

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

Evertec Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s payout ratio is presently 12.99%.

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.