Heartland Advisors Inc. Grows Stock Position in Evertec, Inc. $EVTC

Heartland Advisors Inc. lifted its position in Evertec, Inc. (NYSE:EVTC) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,500 shares of the business services provider’s stock after acquiring an additional 37,500 shares during the period. Heartland Advisors Inc. owned 0.37% of Evertec worth $6,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC lifted its holdings in Evertec by 731.6% in 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of 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 worth $165,320,000 after buying an additional 335,639 shares in the last quarter. Qube Research & Technologies Ltd raised its position 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 buying an additional 168,225 shares during the last quarter. Boston Partners raised its position 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 buying an additional 163,398 shares during the last quarter. Finally, Invenomic Capital Management LP lifted its stake in shares of Evertec by 114.4% in the third quarter. Invenomic Capital Management LP now owns 247,541 shares of the business services provider’s stock worth $8,362,000 after buying an additional 132,063 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Evertec

In other news, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was acquired at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the transaction, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. This represents a 26.60% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the transaction, the chief operating officer owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Evertec Stock Up 2.8%

Shares of NYSE:EVTC opened at $23.94 on Thursday. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.79 and a beta of 0.74. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $38.02. The business has a 50-day moving average price of $26.51 and a 200 day moving average price of $27.92. 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 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). 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 analyst estimates of $248.99 million. During the same period in the previous year, the company earned $0.87 EPS. The company’s quarterly 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. Sell-side analysts expect that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were given a dividend of $0.05 per share. 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 (DPR) is presently 9.66%.

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.