Bank of America Corp DE lifted its position in shares of Evertec, Inc. (NYSE:EVTC - Free Report) by 104.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 309,627 shares of the business services provider's stock after acquiring an additional 158,370 shares during the period. Bank of America Corp DE owned approximately 0.50% of Evertec worth $8,738,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in EVTC. Lido Advisors LLC grew its holdings in shares of Evertec by 4.3% in the third 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 during the period. ProShare Advisors LLC boosted its holdings in Evertec by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider's stock worth $364,000 after buying an additional 391 shares during the period. California State Teachers Retirement System boosted its stake in shares of Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider's stock worth $2,133,000 after acquiring an additional 417 shares during the period. Cetera Investment Advisers raised its position in shares of Evertec by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider's stock valued at $358,000 after buying an additional 433 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Evertec by 1.4% during the 1st quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider's stock valued at $983,000 after purchasing an additional 479 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.
Evertec Stock Performance
Shares of EVTC opened at $29.61 on Tuesday. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.88. 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 stock has a market cap of $1.77 billion, a P/E ratio of 19.23, a P/E/G ratio of 0.85 and a beta of 0.70. The stock has a 50-day moving average of $29.35 and a two-hundred day moving average of $27.82.
Evertec (NYSE:EVTC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $0.95 by $0.10. The business had revenue of $274.82 million for the quarter, compared to the consensus estimate of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, research analysts predict that Evertec, Inc. will post 3.53 EPS for the current year.
Evertec Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be given a $0.05 dividend. The ex-dividend date is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. Evertec's dividend payout ratio is 12.99%.
Analyst Ratings Changes
Several brokerages recently weighed in on EVTC. Weiss Ratings cut shares of Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Evertec from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Morgan Stanley set a $34.00 price target on Evertec in a research report on Thursday, August 6th. Finally, Raymond James Financial reissued an "outperform" rating and set a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $35.00.
Read Our Latest Report on Evertec
Insider Buying and Selling
In other Evertec news, EVP Paola Perez-Surillo sold 17,486 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian John Smith purchased 16,202 shares of the company's stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. This trade represents a 22.50% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.13% of the stock is currently owned by insiders.
About Evertec
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Evertec, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evertec wasn't on the list.
While Evertec currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
