Heartland Advisors Inc. Acquires Shares of 840,400 Evertec, Inc. $EVTC

Key Points

• Heartland Advisors acquired 840,400 Evertec shares worth approximately $23.3 million, giving it a 1.41% stake. Institutional investors collectively own 96.8% of the company, with BlackRock and other funds also adding or expanding positions.
• Evertec reported quarterly EPS of $1.05, beating estimates by $0.10, while revenue rose 19.7% year over year to $274.8 million. The company issued fiscal 2026 EPS guidance of $3.94–$4.04.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and a $35 target price. The stock recently traded at $29.86, and Evertec declared a $0.05 quarterly dividend, equivalent to a 0.7% yield.

Heartland Advisors Inc. bought a new position in shares of Evertec, Inc. (NYSE:EVTC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 840,400 shares of the business services provider's stock, valued at approximately $23,346,000. Evertec comprises approximately 1.0% of Heartland Advisors Inc.'s investment portfolio, making the stock its 14th biggest position. Heartland Advisors Inc. owned approximately 1.41% of Evertec at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Evertec in the second quarter valued at about $254,513,000. Millennium Management LLC boosted its position in Evertec by 731.6% during the third quarter. Millennium Management LLC now owns 686,281 shares of the business services provider's stock worth $23,183,000 after acquiring an additional 603,753 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Evertec during the second quarter worth about $12,700,000. Voloridge Investment Management LLC raised its holdings in Evertec by 151.5% in the 4th quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider's stock valued at $8,311,000 after acquiring an additional 172,101 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in Evertec by 422.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider's stock valued at $7,500,000 after acquiring an additional 168,225 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EVTC. Weiss Ratings cut Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Morgan Stanley set a $34.00 price target on Evertec in a report on Thursday, August 6th. Raymond James Financial reiterated an "outperform" rating and set 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 report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.00.

Insider Buying and Selling

In other Evertec news, Director Brian John Smith bought 16,202 shares of Evertec stock in a transaction on Friday, June 12th. The shares were bought at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the transaction, the director directly owned 88,222 shares of the company's stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Paola Perez-Surillo sold 17,486 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the completion of the transaction, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. This trade represents a 27.36% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.13% of the stock is currently owned by company insiders.

Evertec Price Performance

Shares of EVTC stock opened at $29.86 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 firm's 50-day moving average is $29.30 and its two-hundred day moving average is $27.83. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $36.91. The company has a market capitalization of $1.78 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70.

Evertec (NYSE:EVTC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share 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 analyst estimates of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. Evertec's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts predict that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

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