Corient Private Wealth LP Makes New $1.53 Million Investment in Evertec, Inc. $EVTC

Key Points

• Corient Private Wealth initiated a $1.53 million position in Evertec, while institutional investors collectively own 96.8% of the company’s shares.
• Evertec reported quarterly EPS of $1.05, beating estimates by $0.10, while revenue rose 19.7% year over year to $274.82 million. The company issued fiscal 2026 EPS guidance of $3.94–$4.04.
• EVTC shares recently traded at $30.51, and analysts maintain a consensus “Hold” rating with a $35 average price target. Evertec also declared a quarterly dividend of $0.05 per share, representing a 0.7% yield.

Corient Private Wealth LP acquired a new position in shares of Evertec, Inc. (NYSE:EVTC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,035 shares of the business services provider's stock, valued at approximately $1,529,000. Corient Private Wealth LP owned approximately 0.09% of Evertec as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Evertec during the second quarter worth $254,513,000. Dimensional Fund Advisors LP lifted its stake in Evertec by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider's stock valued at $45,799,000 after acquiring an additional 61,591 shares during the last quarter. Millennium Management LLC grew its position in shares of Evertec by 23.7% in the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider's stock valued at $24,685,000 after acquiring an additional 162,307 shares during the period. Heartland Advisors Inc. bought a new position in shares of Evertec in the 2nd quarter valued at about $23,346,000. Finally, North Star Asset Management Inc. increased its stake in shares of Evertec by 0.5% during the 4th quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider's stock worth $23,533,000 after purchasing an additional 3,858 shares during the last quarter. 96.80% of the stock is owned by institutional investors.

Evertec Trading Up 1.6%

Shares of EVTC stock opened at $30.51 on Friday. The firm has a 50 day moving average price of $29.93 and a two-hundred day moving average price of $27.99. 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 company has a market capitalization of $1.82 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 0.85 and a beta of 0.69. Evertec, Inc. has a 12-month low of $21.81 and a 12-month high of $35.01.

Evertec (NYSE:EVTC - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The firm's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, analysts predict that Evertec, Inc. will post 3.53 earnings per share 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 issued 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 dividend payout ratio is currently 12.99%.

Analyst Ratings Changes

Several brokerages recently issued reports on EVTC. Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th. Weiss Ratings raised Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. Raymond James Financial reaffirmed an "outperform" rating and issued a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Evertec from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.00.

Insiders Place Their Bets

In other news, Director Brian Smith acquired 16,202 shares of the stock in a transaction on Friday, June 12th. The shares were purchased 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 approximately $2,330,825.24. This represents a 22.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aldo Polak sold 1,000 shares of Evertec stock in a transaction on Friday, August 28th. The stock was sold at an average price of $30.09, for a total value of $30,090.00. Following the sale, the director directly owned 15,943 shares of the company's stock, valued at $479,724.87. This represents a 5.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 19,486 shares of company stock worth $611,448 in the last 90 days. Company insiders own 1.13% of the company's stock.

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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