North Star Asset Management Inc. Makes New Investment in Evertec, Inc. $EVTC

Key Points

• North Star Asset Management bought 809,545 Evertec shares worth approximately $22.5 million, giving it a 1.35% stake. Institutional investors and hedge funds collectively own 96.8% of the company.
• Evertec beat quarterly expectations with $1.05 in earnings per share and $274.8 million in revenue, up 19.7% year over year. The company also issued fiscal 2026 EPS guidance of $3.94–$4.04.
• Shares opened at $29.50, while analysts maintain a consensus “Hold” rating and a $35 price target. Evertec declared a quarterly dividend of $0.05 per share, representing a 0.7% yield.

North Star Asset Management Inc. purchased a new stake in Evertec, Inc. (NYSE:EVTC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 809,545 shares of the business services provider's stock, valued at approximately $22,489,000. North Star Asset Management Inc. owned 1.35% of Evertec as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in EVTC. Royal Bank of Canada grew its position in shares of Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider's stock worth $1,389,000 after buying an additional 3,495 shares during the period. AQR Capital Management LLC acquired a new position in shares of Evertec during the 1st quarter valued at $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Evertec by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider's stock worth $1,394,000 after acquiring an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider's stock worth $3,189,000 after acquiring an additional 846 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Evertec by 184.6% in the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider's stock worth $4,917,000 after purchasing an additional 86,733 shares during the period. 96.80% of the stock is owned by institutional investors and hedge funds.

Evertec Trading Down 0.9%

NYSE:EVTC opened at $29.50 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 has a 50-day moving average of $29.54 and a 200-day moving average of $27.87. The company has a market cap of $1.76 billion, a PE ratio of 19.16, a PEG ratio of 0.85 and a beta of 0.70. Evertec, Inc. has a one year low of $21.81 and a one year high of $36.52.

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, topping analysts' consensus estimates 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%. The firm's revenue was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities research analysts expect that Evertec, Inc. will post 3.53 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Monday, August 3rd. Evertec's dividend payout ratio (DPR) is currently 12.99%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EVTC shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Wall Street Zen raised shares of Evertec from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Morgan Stanley set a $34.00 target price on Evertec in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. Two research 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 stock has an average rating of "Hold" and a consensus price target of $35.00.

Insider Activity

In related news, EVP Paola Perez-Surillo sold 17,486 shares of Evertec stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction of $551,858.16. Following the transaction, the executive vice president owned 46,421 shares of the company's stock, valued at $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brian John Smith bought 16,202 shares of the business's stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the transaction, the director owned 88,222 shares of the company's stock, valued at $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.13% of the company's stock.

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.

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