Deutsche Bank AG Acquires New Position in Evertec, Inc. $EVTC

Key Points

• Deutsche Bank acquired 70,704 Evertec shares worth approximately $1.96 million in the second quarter, giving it a 0.11% stake. Institutional investors collectively own 96.8% of the company.
• Evertec beat quarterly expectations with adjusted EPS of $1.05 versus the $0.95 consensus and revenue of $274.8 million, up 19.7% year over year. The company issued fiscal 2026 EPS guidance of $3.94–$4.04.
• Analysts maintain a consensus “Hold” rating with an average price target of $35, compared with the reported share price of $30.07. Evertec also announced a quarterly dividend of $0.05 per share, while two insiders recently sold shares.

Deutsche Bank AG acquired a new stake in Evertec, Inc. (NYSE:EVTC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,704 shares of the business services provider's stock, valued at approximately $1,964,000. Deutsche Bank AG owned 0.11% of Evertec at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EVTC. Hantz Financial Services Inc. grew its stake in Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider's stock worth $31,000 after purchasing an additional 702 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Evertec during the 4th quarter valued at $31,000. Clearstead Advisors LLC raised its position in Evertec by 194.5% during the 4th 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 in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Evertec by 53.1% in the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider's stock worth $43,000 after buying an additional 510 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Evertec in the 3rd quarter worth $52,000. 96.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Raymond James Financial restated an "outperform" rating and set a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Morgan Stanley set a $34.00 target price 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. Finally, Wall Street Zen upgraded shares of Evertec from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $35.00.

Insider Activity at Evertec

In other news, EVP Paola Perez-Surillo sold 17,486 shares of the business'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 owned 46,421 shares in the company, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Aldo J. Polak sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total transaction of $29,500.00. Following the transaction, the director owned 17,943 shares in the company, valued at approximately $529,318.50. This trade represents a 5.28% decrease in their position. The SEC filing for this sale provides additional information. 1.13% of the stock is currently owned by corporate insiders.

Evertec Stock Performance

EVTC stock opened at $30.07 on Friday. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.31. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.84 and a beta of 0.70. 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 firm has a 50-day simple moving average of $29.62 and a two-hundred day simple moving average of $27.89.

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

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend 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%.

Evertec Company 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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