51,751 Shares in Evertec, Inc. $EVTC Bought by Man Group plc

Key Points

• Man Group plc acquired 51,751 Evertec shares worth approximately $1.44 million, giving it a 0.09% stake. Institutional investors collectively own 96.8% of the company.
• Evertec exceeded quarterly expectations, reporting $1.05 in EPS versus the $0.95 consensus and $274.8 million in revenue, up 19.7% year over year. Analysts maintain a consensus “Hold” rating with a $35 target price.
• Insiders sold 19,486 shares worth $611,448 over the past 90 days, while Evertec declared a quarterly dividend of $0.05 per share, representing a 0.7% yield.

Man Group plc acquired a new stake in shares of Evertec, Inc. (NYSE:EVTC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 51,751 shares of the business services provider's stock, valued at approximately $1,438,000. Man Group plc owned 0.09% of Evertec as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its stake 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 bought a new stake in shares of Evertec during the 4th quarter valued at about $31,000. Clearstead Advisors LLC grew its holdings in shares of 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 in the last quarter. Allworth Financial LP purchased a new position in shares of Evertec during the second quarter worth about $38,000. Finally, Global Retirement Partners LLC increased its position 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 during the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Evertec

In other news, EVP Paola Perez-Surillo sold 17,486 shares of the business'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 sale, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Aldo J. Polak sold 1,000 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $30.09, for a total transaction of $30,090.00. Following the completion of the sale, the director directly owned 15,943 shares of the company's stock, valued at $479,724.87. This trade represents a 5.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 19,486 shares of company stock worth $611,448. 1.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EVTC has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Evertec from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. Raymond James Financial restated an "outperform" rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $34.00 price objective on shares of Evertec in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $35.00.

Evertec Price Performance

Shares of Evertec stock opened at $29.99 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $1.79 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.69. The business's 50-day moving average price is $29.85 and its 200-day moving average price is $27.96. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $35.01.

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

Evertec Announces Dividend

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

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.

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