Aristides Capital LLC Has $3.25 Million Stake in Evertec, Inc. $EVTC

Key Points

• Aristides Capital LLC increased its holdings in Evertec, Inc. by 21.5% in the first quarter, now owning approximately 88,344 shares, valued at $3.25 million.
• The stock has received mixed ratings from analysts, with a consensus target price of $39.00, indicating a moderate buy recommendation.
• Evertec recently announced a quarterly dividend of $0.05 per share, with a yield of 0.6%, reflecting a payout ratio of 9.43%.

Aristides Capital LLC lifted its position in Evertec, Inc. (NYSE:EVTC - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,344 shares of the business services provider's stock after buying an additional 15,655 shares during the quarter. Evertec comprises 1.0% of Aristides Capital LLC's investment portfolio, making the stock its 20th largest holding. Aristides Capital LLC owned 0.14% of Evertec worth $3,248,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Evertec by 39.2% in the 1st quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider's stock valued at $56,000 after buying an additional 429 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Evertec in the 4th quarter valued at approximately $54,000. Fifth Third Bancorp grew its stake in shares of Evertec by 44.7% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the business services provider's stock valued at $62,000 after buying an additional 525 shares in the last quarter. TD Private Client Wealth LLC grew its stake in shares of Evertec by 19.3% in the 1st quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider's stock valued at $68,000 after buying an additional 300 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Evertec in the 1st quarter valued at approximately $80,000. Institutional investors own 96.80% of the company's stock.

Evertec Stock Performance

Shares of EVTC stock traded down $0.52 during trading hours on Friday, reaching $35.61. 452,683 shares of the company's stock were exchanged, compared to its average volume of 294,141. Evertec, Inc. has a fifty-two week low of $31.11 and a fifty-two week high of $38.56. The stock has a market capitalization of $2.28 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.74 and a beta of 0.96. The business has a fifty day moving average price of $35.46 and a 200-day moving average price of $35.49. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.49.

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

Evertec Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, August 4th. Evertec's dividend payout ratio is presently 9.43%.

Analysts Set New Price Targets

EVTC has been the subject of several recent research reports. Raymond James Financial reissued an "outperform" rating and issued a $43.00 price target (up previously from $42.00) on shares of Evertec in a research note on Thursday, July 31st. Keefe, Bruyette & Woods upped their target price on Evertec from $42.00 to $44.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Evertec in a research report on Thursday, July 17th. They set a "hold" rating and a $35.00 target price for the company. Susquehanna set a $39.00 target price on Evertec and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, Morgan Stanley decreased their target price on Evertec from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Insider Activity at Evertec

In related news, Director Aldo J. Polak sold 2,243 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $35.72, for a total value of $80,119.96. Following the completion of the transaction, the director directly owned 11,946 shares in the company, valued at approximately $426,711.12. This represents a 15.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.63% of the company's stock.

Evertec Company 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.