11,364 Shares in Evertec, Inc. $EVTC Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired a new position in Evertec, Inc., purchasing 11,364 shares valued at approximately $410,000 during the second quarter.
• Evertec's stock has shown stability, opening at $30.55 with a market capitalization of $1.95 billion, and its EPS recently topped estimates at $0.89 for the quarter.
• The company's quarterly dividend was recently paid at $0.05, with a dividend yield of 0.7% and a payout ratio of 9.43%.

Callan Family Office LLC bought a new position in Evertec, Inc. (NYSE:EVTC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,364 shares of the business services provider's stock, valued at approximately $410,000.

Several other hedge funds have also recently bought and sold shares of EVTC. USA Financial Formulas acquired a new position in Evertec during the second quarter worth $26,000. Blue Trust Inc. raised its stake in Evertec by 39.2% during the first quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider's stock worth $56,000 after acquiring an additional 429 shares in the last quarter. Fifth Third Bancorp raised its stake in Evertec by 44.7% during the first quarter. Fifth Third Bancorp now owns 1,699 shares of the business services provider's stock worth $62,000 after acquiring an additional 525 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Evertec by 19.3% during the first quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider's stock worth $68,000 after acquiring an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in Evertec during the first quarter worth $80,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Evertec Price Performance

Evertec stock opened at $30.55 on Thursday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 14.41, a PEG ratio of 1.52 and a beta of 0.93. Evertec, Inc. has a 1 year low of $30.00 and a 1 year high of $38.56. The business has a 50-day moving average of $34.34 and a 200-day moving average of $34.90. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.49.

Evertec (NYSE:EVTC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $229.61 million during the quarter, compared to analyst estimates of $222.23 million. Evertec had a return on equity of 36.67% and a net margin of 15.56%.The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. Evertec has set its FY 2025 guidance at 3.440-3.520 EPS. On average, equities analysts anticipate that Evertec, Inc. will post 2.63 EPS for the current year.

Evertec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 4th were given a $0.05 dividend. The ex-dividend date was Monday, August 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. Evertec's payout ratio is currently 9.43%.

Analyst Upgrades and Downgrades

EVTC has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on Evertec from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Evertec in a research note on Wednesday, October 8th. Raymond James Financial reiterated an "outperform" rating and set a $43.00 price objective (up from $42.00) on shares of Evertec in a research note on Thursday, July 31st. Zacks Research lowered Evertec from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Evertec in a research note on Thursday, July 17th. They issued a "hold" rating and a $35.00 target price for the company. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $39.00.

Evertec Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.

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