Bank of New York Mellon Corp Invests $12.70 Million in Evertec, Inc. $EVTC

Key Points

• Bank of New York Mellon acquired 457,153 Evertec shares worth approximately $12.7 million, representing a 0.74% stake. Institutional investors and hedge funds collectively own 96.8% of EVTC.
• Evertec reported quarterly adjusted earnings of $1.05 per share and revenue of $274.82 million, exceeding analyst estimates; revenue increased 19.7% year over year. The company’s fiscal 2026 EPS guidance is $3.94–$4.04.
• EVTC was trading at $29.07, down 1.9%, while analysts maintained an overall “Hold” rating with an average price target of $35.00. Evertec also declared a quarterly dividend of $0.05 per share, yielding approximately 0.7%.

Bank of New York Mellon Corp bought a new stake in Evertec, Inc. (NYSE:EVTC - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 457,153 shares of the business services provider's stock, valued at approximately $12,700,000. Bank of New York Mellon Corp owned 0.74% of Evertec as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EVTC. Kestra Advisory Services LLC acquired a new position in Evertec during the fourth quarter worth approximately $31,000. Hantz Financial Services Inc. lifted its position in shares of Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider's stock valued at $31,000 after buying an additional 702 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider's stock valued at $36,000 after buying an additional 819 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider's stock worth $43,000 after acquiring an additional 510 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Evertec during the 3rd quarter worth approximately $52,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Evertec Trading Down 1.9%

EVTC stock opened at $29.07 on Wednesday. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $35.41. The company has a market capitalization of $1.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The company's 50-day simple moving average is $29.78 and its 200 day simple moving average is $27.93. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.70 and a current ratio of 1.70.

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

Evertec Announces Dividend

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

Insider Activity at Evertec

In related news, Director Aldo J. Polak sold 1,000 shares of the company's stock in a transaction dated 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 owned 15,943 shares of the company's stock, valued at $479,724.87. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares of the company's stock, valued at $1,465,046.76. This represents a 27.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,486 shares of company stock valued at $611,448 over the last quarter. 1.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EVTC. 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 objective on shares of Evertec in a report on Thursday, August 6th. Weiss Ratings raised shares of Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. Finally, Raymond James Financial restated an "outperform" rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $35.00.

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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