Evertec, Inc. $EVTC Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in Evertec, Inc. (NYSE:EVTC) by 80.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,649 shares of the business services provider’s stock after purchasing an additional 34,144 shares during the period. SG Americas Securities LLC owned about 0.12% of Evertec worth $2,163,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Evertec by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after purchasing an additional 61,591 shares during the period. Millennium Management LLC grew its position in Evertec by 23.7% during the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after buying an additional 162,307 shares during the period. North Star Asset Management Inc. increased its holdings in Evertec by 0.5% in the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock valued at $23,533,000 after buying an additional 3,858 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Evertec by 8.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock worth $20,616,000 after acquiring an additional 53,323 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Evertec by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider’s stock worth $18,983,000 after acquiring an additional 7,886 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on EVTC. Morgan Stanley dropped their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and set a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $33.20.

Evertec Trading Up 4.5%

EVTC stock opened at $29.04 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. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $37.78. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.94 and a beta of 0.71. The business’s 50-day moving average is $25.83 and its 200 day moving average is $27.65.

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

Evertec Announces Dividend

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

Insider Buying and Selling at Evertec

In other Evertec news, Director Brian John Smith bought 16,202 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price of $26.42 per share, with a total value of $428,056.84. Following the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. This trade represents a 22.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of Evertec stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $24.10 per share, with a total value of $409,700.00. Following the completion of the transaction, the executive vice president directly owned 80,907 shares of the company’s stock, valued at approximately $1,949,858.70. The trade was a 26.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 53,202 shares of company stock worth $1,292,557. Corporate insiders own 1.13% of the company’s stock.

Evertec Company 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.