Amundi Acquires 55,195 Shares of Evertec, Inc. $EVTC

Key Points

• Amundi increased its Evertec stake by 371.4% in the second quarter, purchasing 55,195 additional shares and bringing its holdings to 70,055 shares worth approximately $1.95 million. Institutional investors collectively own 96.8% of the company.
• Evertec exceeded quarterly expectations, reporting $1.05 in EPS versus the $0.95 consensus and revenue of $274.82 million versus $262.24 million expected. Revenue increased 19.7% year over year, and the company maintained annualized dividend payments of $0.20 per share.
• Insiders sold 20,580 shares worth approximately $644,673 over the past 90 days. Analysts maintain a consensus “Hold” rating, with an average price target of $35 compared with the stock’s reported $29.27 opening price.

Amundi lifted its holdings in Evertec, Inc. (NYSE:EVTC - Free Report) by 371.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 70,055 shares of the business services provider's stock after purchasing an additional 55,195 shares during the period. Amundi owned about 0.12% of Evertec worth $1,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lido Advisors LLC raised its position in shares of Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider's stock worth $295,000 after acquiring an additional 363 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Evertec by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider's stock valued at $364,000 after buying an additional 391 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Evertec by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider's stock valued at $2,133,000 after buying an additional 417 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Evertec by 3.6% in the 4th quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider's stock worth $358,000 after buying an additional 433 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Evertec by 1.4% in the 1st quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider's stock worth $983,000 after buying an additional 479 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Insider Transactions at Evertec

In related news, EVP Paola Perez-Surillo sold 17,486 shares of the 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 transaction, the executive vice president owned 46,421 shares in the company, valued at approximately $1,465,046.76. This represents a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aldo J. Polak sold 1,094 shares of the firm'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 transaction, the director directly owned 14,849 shares of the company's stock, valued at $450,964.13. This represents a 6.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 20,580 shares of company stock valued at $644,673. 1.13% of the stock is currently owned by insiders.

Evertec Stock Up 0.0%

EVTC stock opened at $29.27 on Monday. The stock has a market capitalization of $1.75 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 0.83 and a beta of 0.69. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $34.76. 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 firm has a 50 day moving average of $30.07 and a 200 day moving average of $28.11.

Evertec (NYSE:EVTC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.10. The business had revenue of $274.82 million for 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 for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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 earnings per share for the current year.

Evertec Dividend Announcement

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

Analyst Ratings Changes

EVTC has been the subject of a number of analyst reports. 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 raised 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 price target on Evertec in a research 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. Based on data from MarketBeat, Evertec has a consensus rating of "Hold" and an average target price of $35.00.

Evertec Company Profile

Evertec, Inc NYSE: EVTC is a payment processing and business services company that provides technology solutions for financial institutions, merchants, governments and other organizations. Its services include merchant acquiring, point-of-sale and e-commerce payment acceptance, debit and credit card processing, ATM services, electronic funds transfer and payment network operations.

The company also offers digital payment products, including the ATH® network and ATH Móvil® mobile payment platform, as well as services that support card issuers and other financial institutions.

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