Freestone Grove Partners LP Invests $1.34 Million in Evertec, Inc. $EVTC

Key Points

• Freestone Grove Partners acquired 48,232 Evertec shares worth approximately $1.34 million, giving it a roughly 0.08% stake. Institutional investors collectively own 96.8% of the company.
• 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 full-year 2026 EPS guidance of $3.94–$4.04.
• Analysts maintain a consensus “Hold” rating with an average price target of $35, compared with the stock’s reported $30.07 opening price. Evertec also declared a quarterly dividend of $0.05 per share, equivalent to a 0.7% annualized yield.

Freestone Grove Partners LP bought a new position in Evertec, Inc. (NYSE:EVTC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 48,232 shares of the business services provider's stock, valued at approximately $1,340,000. Freestone Grove Partners LP owned approximately 0.08% of Evertec as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Hantz Financial Services Inc. increased its stake in Evertec by 189.7% during the 4th 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 in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Evertec in the fourth quarter valued at $31,000. Clearstead Advisors LLC lifted its stake 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 in the last quarter. Allworth Financial LP bought a new position in shares of Evertec in the second quarter valued at $38,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Evertec by 53.1% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Evertec

In other news, EVP Paola Perez-Surillo sold 17,486 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $31.56, for a total value of $551,858.16. Following the transaction, the executive vice president owned 46,421 shares in the company, valued at $1,465,046.76. The trade was a 27.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aldo J. Polak sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $29.50, for a total value of $29,500.00. Following the completion of the transaction, the director owned 17,943 shares in the company, valued at $529,318.50. The trade was a 5.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.13% of the company's stock.

Evertec Price Performance

EVTC opened at $30.07 on Friday. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 0.85 and a beta of 0.70. The firm's fifty day moving average price is $29.62 and its two-hundred day moving average price is $27.89. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $36.31.

Evertec (NYSE:EVTC - Get Free Report) last announced 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. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, analysts anticipate that Evertec, Inc. will post 3.53 earnings per share for the current fiscal 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 given 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 presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source