51,751 Shares in Evertec, Inc. $EVTC Acquired by Man Group plc

Man Group plc acquired a new stake in Evertec, Inc. (NYSE:EVTC) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 51,751 shares of the business services provider’s stock, valued at approximately $1,438,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of Evertec in the fourth quarter worth $31,000. Hantz Financial Services Inc. boosted its position in Evertec by 189.7% during the 4th 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 grew 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 worth $36,000 after acquiring an additional 819 shares during the last quarter. Allworth Financial LP bought a new stake in Evertec in the 2nd quarter worth $38,000. Finally, Global Retirement Partners LLC increased its position in shares of Evertec by 53.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 510 shares during the period. Institutional investors own 96.80% of the company’s stock.

Insider Transactions at Evertec

In related news, Director Aldo J. Polak sold 1,000 shares of Evertec stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.09, for a total transaction of $30,090.00. Following the sale, the director directly owned 15,943 shares in the company, valued at $479,724.87. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 19,486 shares of company stock valued at $611,448. Corporate insiders own 1.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on EVTC. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Morgan Stanley set a $34.00 price objective on Evertec in a research report on Thursday, August 6th. Raymond James Financial reissued an “outperform” rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Evertec Trading Up 2.8%

Shares of EVTC opened at $29.99 on Thursday. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $35.01. 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 firm’s 50-day moving average price is $29.85 and its 200-day moving average price is $27.96. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.83 and a beta of 0.69.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. During the same period in the prior year, the firm earned $0.89 earnings per share. 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. Sell-side analysts anticipate that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

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