Quantbot Technologies LP Makes New Investment in Evertec, Inc. $EVTC

Quantbot Technologies LP bought a new stake in shares of Evertec, Inc. (NYSE:EVTC) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,655 shares of the business services provider’s stock, valued at approximately $852,000. Quantbot Technologies LP owned 0.05% of Evertec as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EVTC. Hantz Financial Services Inc. raised its holdings in shares of Evertec by 189.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Evertec in the fourth quarter valued at about $31,000. Clearstead Advisors LLC increased its position in Evertec by 194.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after purchasing an additional 819 shares during the last quarter. Allworth Financial LP acquired a new position in Evertec in the 2nd quarter worth about $38,000. Finally, Global Retirement Partners LLC raised its stake in shares of Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after purchasing an additional 510 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Evertec Price Performance

Shares of NYSE:EVTC opened at $29.71 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.85 and a beta of 0.70. The business has a 50-day moving average of $29.46 and a two-hundred day moving average of $27.85. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $36.52. 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 issued its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The business had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities research analysts predict that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is 12.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. 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’s stock. According to MarketBeat.com, Evertec has a consensus rating of “Hold” and an average target price of $35.00.

Insider Activity

In other news, Director Brian John Smith bought 16,202 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the acquisition, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. The trade was a 22.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction of $551,858.16. Following the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at approximately $1,465,046.76. This represents a 27.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.13% of the company’s stock.

Evertec 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.