Walleye Capital LLC Buys Shares of 131,747 Evertec, Inc. $EVTC

Walleye Capital LLC bought a new position in Evertec, Inc. (NYSE:EVTC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 131,747 shares of the business services provider's stock, valued at approximately $3,660,000. Walleye Capital LLC owned approximately 0.21% of Evertec as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake 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 valued at $45,799,000 after purchasing an additional 61,591 shares during the last quarter. Millennium Management LLC increased its position in Evertec by 23.7% during the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider's stock worth $24,685,000 after buying an additional 162,307 shares during the last quarter. North Star Asset Management Inc. increased its position in Evertec by 0.5% during the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider's stock worth $23,533,000 after buying an additional 3,858 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Evertec by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider's stock valued at $20,616,000 after buying an additional 53,323 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Evertec by 1.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 652,513 shares of the business services provider's stock valued at $18,983,000 after buying an additional 7,886 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Analyst Ratings Changes

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

Evertec Stock Performance

NYSE:EVTC opened at $31.55 on Friday. The firm has a market capitalization of $1.89 billion, a PE ratio of 20.49, a PEG ratio of 0.92 and a beta of 0.70. Evertec, Inc. has a 1 year low of $21.81 and a 1 year high of $37.38. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The firm's fifty day simple moving average is $28.74 and its 200 day simple moving average is $27.82.

Evertec (NYSE:EVTC - Get Free Report) last released 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. 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 earned $0.89 EPS. The business'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, sell-side analysts anticipate that Evertec, Inc. will post 3.48 EPS for the current year.

Evertec Announces Dividend

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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec's payout ratio is currently 12.99%.

Insider Buying and Selling

In other Evertec news, Director Brian John Smith bought 16,202 shares of the stock in a transaction on Friday, June 12th. The shares were purchased at an average price of $26.42 per share, with a total value of $428,056.84. Following the acquisition, the director directly owned 88,222 shares of the company's stock, valued at $2,330,825.24. This represents a 22.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 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 represents a 27.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.13% of the stock is owned by insiders.

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.

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