Ieq Capital LLC Buys Shares of 30,456 Evertec, Inc. $EVTC

Ieq Capital LLC purchased a new stake in shares of Evertec, Inc. (NYSE:EVTC) during the second quarter, Holdings Channel.com reports. The fund purchased 30,456 shares of the business services provider’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in Evertec by 189.7% in the 4th 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 during the last quarter. Kestra Advisory Services LLC purchased a new stake in Evertec during the fourth quarter valued at about $31,000. Clearstead Advisors LLC boosted its position in Evertec by 194.5% during the fourth 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 period. Allworth Financial LP bought a new position in Evertec during the second quarter worth about $38,000. Finally, Global Retirement Partners LLC increased its stake in shares of Evertec by 53.1% in the fourth 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. Institutional investors own 96.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Evertec Trading Down 0.9%

Shares of EVTC opened at $29.50 on Friday. Evertec, Inc. has a twelve month low of $21.81 and a twelve month high of $36.52. The stock has a market cap of $1.76 billion, a PE ratio of 19.16, a P/E/G ratio of 0.85 and a beta of 0.70. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The business’s 50-day moving average price is $29.54 and its 200-day moving average price is $27.87.

Evertec (NYSE:EVTC) last released 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. The company had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. Evertec’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business earned $0.89 earnings per share. 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 EPS for the current fiscal year.

Evertec Dividend Announcement

The company 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is presently 12.99%.

Insider Activity

In other news, Director Aldo J. Polak sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total transaction of $29,500.00. Following the completion of the transaction, the director directly owned 17,943 shares in the company, valued at $529,318.50. The trade was a 5.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian John Smith purchased 16,202 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the acquisition, the director owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.13% of the company’s stock.

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.