Fox Run Management L.L.C. Purchases Shares of 34,057 Evertec, Inc. $EVTC

Fox Run Management L.L.C. purchased a new stake in Evertec, Inc. (NYSE:EVTC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 34,057 shares of the business services provider’s stock, valued at approximately $991,000.

Several other institutional investors also recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of Evertec by 13.8% in the fourth quarter. LPL Financial LLC now owns 39,490 shares of the business services provider’s stock valued at $1,149,000 after buying an additional 4,793 shares in the last quarter. Lido Advisors LLC raised its stake in Evertec by 4.7% during the 4th quarter. Lido Advisors LLC now owns 9,159 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 413 shares during the period. Goldman Sachs Group Inc. raised its stake in Evertec by 4.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 216,615 shares of the business services provider’s stock valued at $6,301,000 after purchasing an additional 9,890 shares during the period. Clearstead Advisors LLC raised its stake in Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Evertec by 189.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the period. Institutional investors own 96.80% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $24.10 per share, with a total value of $409,700.00. Following the completion of the purchase, the executive vice president owned 80,907 shares of the company’s stock, valued at $1,949,858.70. The trade was a 26.60% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $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. Corporate insiders own 1.13% of the company’s stock.

Evertec Price Performance

Shares of NYSE:EVTC opened at $23.94 on Thursday. The company’s fifty day moving average is $26.51 and its two-hundred day moving average is $27.92. The company has a quick ratio of 1.97, a current 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 $38.02. The company has a market cap of $1.48 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74.

Evertec (NYSE:EVTC) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share 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 company had revenue of $247.92 million during the quarter, compared to analyst estimates of $248.99 million. During the same period last year, the company posted $0.87 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts expect that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 11th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. Evertec’s dividend payout ratio is 9.66%.

Analyst Ratings Changes

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

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.