BlackRock Inc. Takes Position in Evertec, Inc. $EVTC

BlackRock Inc. purchased a new position in shares of Evertec, Inc. (NYSE:EVTC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,161,745 shares of the business services provider's stock, valued at approximately $254,513,000. BlackRock Inc. owned 14.87% of Evertec as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in EVTC. Hantz Financial Services Inc. lifted its holdings in Evertec by 189.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider's stock valued at $31,000 after purchasing an additional 702 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Evertec in the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC raised 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 purchasing an additional 819 shares during the period. Global Retirement Partners LLC lifted 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 valued at $43,000 after buying an additional 510 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Evertec during the 3rd quarter valued at approximately $52,000. Hedge funds and other institutional investors own 96.80% of the company's stock.

Insider Activity

In other news, Director Aldo J. Polak sold 1,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total value of $29,500.00. Following the transaction, the director owned 17,943 shares of the company's stock, valued at approximately $529,318.50. This represents a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian John Smith acquired 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the transaction, the director directly owned 88,222 shares of the company's stock, valued at $2,330,825.24. This represents a 22.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.13% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EVTC shares. Weiss Ratings lowered shares of Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Raymond James Financial restated an "outperform" rating and set a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Morgan Stanley set a $34.00 price target on Evertec in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Evertec from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $35.00.

Evertec Trading Down 0.7%

Shares of Evertec stock opened at $29.71 on Thursday. The company's 50-day moving average price is $29.46 and its 200-day moving average price is $27.85. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $36.52. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.85 and a beta of 0.70.

Evertec (NYSE:EVTC - Get Free Report) last issued 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 company 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%. Evertec's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities analysts expect that Evertec, Inc. will post 3.53 earnings per share for the current fiscal year.

Evertec Announces Dividend

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