Corient Private Wealth LP Purchases New Holdings in Evertec, Inc. $EVTC

Corient Private Wealth LP purchased a new position in shares of Evertec, Inc. (NYSE:EVTC) during the second quarter, Holdings Channel reports. The firm purchased 55,035 shares of the business services provider’s stock, valued at approximately $1,529,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Evertec in the 2nd quarter valued at $254,513,000. Heartland Advisors Inc. bought a new stake in shares of Evertec during the 2nd quarter valued at $23,346,000. Millennium Management LLC grew its holdings in shares of Evertec by 731.6% during the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after purchasing an additional 603,753 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Evertec during the 2nd quarter worth $12,700,000. Finally, Bank of America Corp DE bought a new position in shares of Evertec in the second quarter worth $7,835,000. Institutional investors own 96.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Aldo J. Polak sold 1,000 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $30.09, for a total transaction of $30,090.00. Following the sale, the director directly owned 15,943 shares in the company, valued at approximately $479,724.87. The trade was a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the completion of the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at $1,465,046.76. This represents a 27.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,486 shares of company stock valued at $611,448 in the last 90 days. Corporate insiders own 1.13% of the company’s stock.

Evertec Stock Performance

Shares of Evertec stock opened at $30.51 on Friday. The company’s 50 day moving average price is $29.93 and its two-hundred day moving average price is $27.99. The firm has a market capitalization of $1.82 billion, a P/E ratio of 19.81, a P/E/G ratio of 0.85 and a beta of 0.69. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $35.01. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70.

Evertec (NYSE:EVTC) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities analysts forecast that Evertec, Inc. will post 3.53 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio is presently 12.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Morgan Stanley set a $34.00 target price on shares of Evertec in a report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Evertec currently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.