Evertec, Inc. $EVTC Shares Sold by Renaissance Technologies LLC

Key Points

• Renaissance Technologies cut its Evertec stake by 29.6% in the first quarter, selling 38,700 shares and retaining 92,238 shares worth approximately $2.6 million. Institutional investors and hedge funds collectively own 96.8% of the company.
• Evertec reported a strong quarter, with adjusted earnings of $1.05 per share and revenue of $274.82 million, beating analyst estimates; revenue increased 19.7% year over year. The company issued fiscal 2026 EPS guidance of $3.94 to $4.04.
• The stock recently traded at $29.87, while analysts maintain a consensus “Hold” rating and an average price target of $35. Evertec also declared a quarterly dividend of $0.05 per share, equivalent to a 0.7% yield.

Renaissance Technologies LLC lessened its position in shares of Evertec, Inc. (NYSE:EVTC - Free Report) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,238 shares of the business services provider's stock after selling 38,700 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of Evertec worth $2,603,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Evertec by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider's stock worth $45,799,000 after purchasing an additional 61,591 shares during the period. Millennium Management LLC grew its holdings in shares of Evertec by 23.7% during the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider's stock worth $24,685,000 after purchasing an additional 162,307 shares during the period. North Star Asset Management Inc. grew its holdings 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 period. Charles Schwab Investment Management Inc. increased its position in Evertec by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider's stock worth $20,616,000 after purchasing an additional 53,323 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Evertec by 1.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider's stock worth $18,983,000 after purchasing an additional 7,886 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Evertec

In other news, Director Brian John Smith purchased 16,202 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the acquisition, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.13% of the company's stock.

Evertec Stock Performance

Shares of NYSE:EVTC opened at $29.87 on Monday. The company has a market cap of $1.78 billion, a P/E ratio of 19.40, a PEG ratio of 1.01 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. Evertec, Inc. has a one year low of $21.81 and a one year high of $37.71. The business's 50-day simple moving average is $28.02 and its 200 day simple moving average is $27.77.

Evertec (NYSE:EVTC - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.Evertec's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, sell-side analysts forecast that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James Financial restated an "outperform" rating and issued a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Morgan Stanley set a $34.00 price objective on shares of Evertec in a research report on Thursday. Weiss Ratings upgraded shares of Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Evertec from a "hold" rating to a "buy" rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $35.00.

About Evertec

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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