Aristides Capital LLC Has $5.25 Million Stake in Evertec, Inc. $EVTC

Aristides Capital LLC grew its stake in Evertec, Inc. (NYSE:EVTC) by 38.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 186,160 shares of the business services provider’s stock after buying an additional 51,944 shares during the quarter. Evertec makes up approximately 0.9% of Aristides Capital LLC’s portfolio, making the stock its 19th largest holding. Aristides Capital LLC’s holdings in Evertec were worth $5,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

EVTC has been the topic of several research analyst reports. Raymond James Financial restated an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research report on Thursday, May 7th. Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Morgan Stanley reduced their price objective on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, May 19th. Finally, Wall Street Zen cut shares of Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Evertec has an average rating of “Hold” and an average target price of $32.75.

Evertec Stock Down 0.6%

Shares of NYSE EVTC opened at $29.10 on Friday. Evertec, Inc. has a 52-week low of $21.81 and a 52-week high of $37.71. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The business has a fifty day moving average of $26.53 and a two-hundred day moving average of $27.67. The stock has a market cap of $1.79 billion, a PE ratio of 14.06, a PEG ratio of 0.99 and a beta of 0.71.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The firm had revenue of $247.92 million for the quarter, compared to analyst estimates of $248.99 million. During the same quarter last year, the business earned $0.87 EPS. The company’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. As a group, equities research analysts expect that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders 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 dividend yield of 0.7%. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

Insider Activity

In other Evertec news, Director Brian John Smith purchased 16,202 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $26.42 per share, with a total value of $428,056.84. Following the acquisition, the director directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief operating officer owned 143,987 shares in the company, valued at approximately $3,274,264.38. The trade was a 16.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 53,202 shares of company stock worth $1,292,557. Insiders own 1.13% of the company’s stock.

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.