Insider Selling: Evertec (NYSE:EVTC) Director Sells $33,224.78 in Stock

Evertec, Inc. (NYSE:EVTC) Director Aldo Polak sold 1,094 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total transaction of $33,224.78. Following the completion of the transaction, the director owned 14,849 shares in the company, valued at approximately $450,964.13. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Evertec Stock Down 2.2%

Evertec stock opened at $29.07 on Friday. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $34.76. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a 50 day moving average price of $30.08 and a 200 day moving average price of $28.09. The company has a market capitalization of $1.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.85 and a beta of 0.69.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $262.24 million. During the same period last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Research analysts expect that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

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

Institutional Investors Weigh In On Evertec

A number of hedge funds have recently bought and sold shares of EVTC. Hantz Financial Services Inc. grew its position 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 buying an additional 702 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Evertec during the fourth quarter worth approximately $31,000. Clearstead Advisors LLC raised its holdings in Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 819 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Evertec in the second quarter valued at approximately $37,000. Finally, Allworth Financial LP purchased a new position in Evertec in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on EVTC shares. Weiss Ratings raised shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Evertec presently has an average rating of “Hold” and a consensus target price of $35.00.

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.