Counterpoint Mutual Funds LLC Buys Shares of 20,207 Evertec, Inc. $EVTC

Counterpoint Mutual Funds LLC purchased a new stake in shares of Evertec, Inc. (NYSE:EVTC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,207 shares of the business services provider’s stock, valued at approximately $570,000.

Other large investors have also modified their holdings of the company. Millennium Management LLC boosted its stake in Evertec by 731.6% during the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after purchasing an additional 603,753 shares during the period. Voloridge Investment Management LLC grew its position in Evertec by 151.5% in the 4th quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock worth $8,311,000 after purchasing an additional 172,101 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of 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 purchasing an additional 168,225 shares during the period. Boston Partners increased its stake in shares of 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 purchasing an additional 163,398 shares during the period. Finally, Clark Capital Management Group Inc. raised its holdings in shares of Evertec by 44.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 525,235 shares of the business services provider’s stock valued at $15,279,000 after buying an additional 162,512 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Stock Down 0.0%

EVTC stock opened at $29.62 on Friday. The firm’s 50-day moving average is $25.80 and its two-hundred day moving average is $27.66. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $37.78. 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 (NYSE:EVTC) last posted 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 net margin of 13.95% and a return on equity of 31.40%. The company had revenue of $247.92 million during the quarter, compared to the consensus estimate of $248.99 million. During the same quarter last year, the business earned $0.87 earnings per share. The company’s 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, analysts forecast that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

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

Insider Buying and Selling at Evertec

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

Analyst Ratings Changes

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