Globeflex Capital L P Takes $562,000 Position in Evertec, Inc. $EVTC

Globeflex Capital L P acquired a new stake in shares of Evertec, Inc. (NYSE:EVTC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,216 shares of the business services provider’s stock, valued at approximately $562,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVTC. Kestra Advisory Services LLC acquired a new stake in shares of Evertec during the fourth quarter valued at about $31,000. Hantz Financial Services Inc. increased its stake in shares of Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after buying an additional 702 shares during the period. Clearstead Advisors LLC raised its holdings in 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 buying an additional 819 shares during the last quarter. Allworth Financial LP acquired a new stake in Evertec during the 2nd quarter worth approximately $38,000. Finally, Global Retirement Partners LLC boosted its position in 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 buying an additional 510 shares during the period. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Evertec Price Performance

Evertec stock opened at $29.93 on Wednesday. The stock’s 50 day moving average is $29.40 and its 200 day moving average is $27.84. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $1.79 billion, a P/E ratio of 19.44, a P/E/G ratio of 0.84 and a beta of 0.70. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.52.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, beating 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 business had revenue of $274.82 million for the quarter, compared to analysts’ expectations of $262.24 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’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. As a group, research analysts expect that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio is currently 12.99%.

Insider Transactions at Evertec

In related news, Director Aldo J. Polak sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total value of $29,500.00. Following the transaction, the director owned 17,943 shares in the company, valued at $529,318.50. The trade was a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction 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 trade represents a 27.36% decrease in their position. The SEC filing for this sale provides additional information. 1.13% of the stock is currently owned by corporate insiders.

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.