Evertec (NYSE:EVTC) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Evertec, Inc. (NYSE:EVTC) saw unusually-strong trading volume on Wednesday . Approximately 381,950 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 487,464 shares.The stock last traded at $24.33 and had previously closed at $23.89.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EVTC shares. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Morgan Stanley cut their price objective 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 research report on Saturday, May 9th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.20.

Evertec Trading Down 0.7%

The stock has a market capitalization of $1.46 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.84 and a beta of 0.80. The stock has a 50-day moving average price of $27.57 and a two-hundred day moving average price of $28.30. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97.

Evertec (NYSE:EVTC) last released 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 during the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a net margin of 13.95% and a return on equity of 31.40%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, research analysts forecast that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

Insider Buying and Selling

In other news, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the purchase, the chief operating officer directly owned 143,987 shares in the company, valued at $3,274,264.38. This trade represents a 16.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was purchased 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 in the company, valued at $1,949,858.70. This trade represents a 26.60% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC raised its stake in Evertec by 731.6% during the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after buying an additional 603,753 shares during the last quarter. American Century Companies Inc. raised its stake in Evertec by 7.4% during 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 buying an additional 335,639 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Evertec by 151.5% during the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock valued at $8,311,000 after buying an additional 172,101 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Evertec by 422.5% during 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 buying an additional 168,225 shares during the last quarter. Finally, Boston Partners raised its stake in Evertec by 45.0% during the third quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock valued at $17,656,000 after buying an additional 163,398 shares during the last quarter. Hedge funds and other institutional investors own 96.80% 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.