34,057 Shares in Evertec, Inc. $EVTC Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in Evertec, Inc. (NYSE:EVTC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,057 shares of the business services provider’s stock, valued at approximately $991,000. Fox Run Management L.L.C. owned approximately 0.05% of Evertec as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EVTC. Millennium Management LLC grew its stake in Evertec by 731.6% in the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after purchasing an additional 603,753 shares in the last quarter. American Century Companies Inc. boosted its stake in Evertec by 7.4% in the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock valued at $165,320,000 after acquiring an additional 335,639 shares during the period. Qube Research & Technologies Ltd boosted its stake in Evertec by 422.5% in the second quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock valued at $7,500,000 after acquiring an additional 168,225 shares during the period. Boston Partners boosted its stake in Evertec by 45.0% in the third quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock valued at $17,656,000 after acquiring an additional 163,398 shares during the period. Finally, Invenomic Capital Management LP boosted its stake in Evertec by 114.4% in the third quarter. Invenomic Capital Management LP now owns 247,541 shares of the business services provider’s stock valued at $8,362,000 after acquiring an additional 132,063 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Evertec

In other news, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief operating officer directly owned 143,987 shares in the company, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is owned by insiders.

Analysts Set New Price Targets

EVTC has been the subject of several analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Weiss Ratings downgraded Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Morgan Stanley reduced their price objective on Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 19th. Finally, Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $33.20.

Evertec Stock Performance

Shares of NYSE EVTC opened at $23.94 on Thursday. 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 stock has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $27.92. The company has a market cap of $1.48 billion, a PE ratio of 11.57, a P/E/G ratio of 0.79 and a beta of 0.74. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $38.02.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (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 business had revenue of $247.92 million for the quarter, compared to analyst estimates of $248.99 million. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, equities research analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 0.8%. Evertec’s payout ratio is presently 9.66%.

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.