Louisiana State Employees Retirement System Acquires Shares of 28,400 Evertec, Inc. $EVTC

Louisiana State Employees Retirement System acquired a new position in shares of Evertec, Inc. (NYSE:EVTC) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,400 shares of the business services provider’s stock, valued at approximately $801,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVTC. Lido Advisors LLC boosted its position in shares of Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock valued at $295,000 after purchasing an additional 363 shares during the period. State of Alaska Department of Revenue increased its position in Evertec by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after buying an additional 384 shares during the period. ProShare Advisors LLC lifted its stake in Evertec by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock valued at $364,000 after buying an additional 391 shares during the last quarter. California State Teachers Retirement System lifted its stake in Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock valued at $2,133,000 after buying an additional 417 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Evertec by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Trading Down 0.0%

Shares of EVTC stock opened at $29.62 on Monday. The company has a market capitalization of $1.83 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $25.80 and its two-hundred day moving average is $27.65. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $37.78.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter last year, the company earned $0.87 EPS. Evertec’s revenue for the quarter was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.

Insider Transactions at Evertec

In other news, Director Brian John Smith bought 16,202 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the acquisition, the director directly owned 88,222 shares in the company, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief operating officer owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 53,202 shares of company stock worth $1,292,557. Company insiders own 1.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Morgan Stanley dropped their price objective on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.20.

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.