American Century Companies Inc. Acquires 335,639 Shares of Evertec, Inc. $EVTC

American Century Companies Inc. raised its stake in Evertec, Inc. (NYSE:EVTCFree Report) by 7.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,894,013 shares of the business services provider’s stock after purchasing an additional 335,639 shares during the period. American Century Companies Inc. owned 0.08% of Evertec worth $165,320,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Richardson Financial Services Inc. lifted its stake in Evertec by 132.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 435 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Evertec by 479.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider’s stock worth $49,000 after purchasing an additional 1,121 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Evertec by 40.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock worth $62,000 after acquiring an additional 517 shares during the period. EverSource Wealth Advisors LLC increased its stake in Evertec by 2,751.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock worth $72,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Evertec in the 3rd quarter worth approximately $79,000. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EVTC. Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Morgan Stanley cut their price target on shares of Evertec from $34.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Susquehanna dropped their price target on Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a report on Saturday. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.80.

Read Our Latest Stock Analysis on Evertec

Evertec Stock Performance

NYSE:EVTC opened at $28.28 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.91 and a current ratio of 2.07. Evertec, Inc. has a 52-week low of $24.95 and a 52-week high of $38.56. The firm has a market capitalization of $1.81 billion, a PE ratio of 12.91, a P/E/G ratio of 1.08 and a beta of 0.85. The stock has a 50-day simple moving average of $28.49 and a two-hundred day simple moving average of $30.53.

Evertec (NYSE:EVTCGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The firm had revenue of $244.83 million during the quarter, compared to analysts’ expectations of $236.83 million. During the same period in the prior year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Analysts forecast that Evertec, Inc. will post 2.63 EPS for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, March 2nd will be paid a $0.05 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s payout ratio is presently 8.89%.

Evertec News Summary

Here are the key news stories impacting Evertec this week:

About Evertec

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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