Aldo Polak Sells 1,094 Shares of Evertec (NYSE:EVTC) Stock

Key Points

• Director Aldo Polak sold 1,094 Evertec shares at an average price of $30.37, receiving approximately $33,225 and reducing his direct ownership by 6.86% to 14,849 shares.
• Evertec reported stronger-than-expected quarterly results, with earnings of $1.05 per share versus the $0.95 consensus estimate and revenue of $274.82 million, up 19.7% year over year.
• EVTC shares recently traded at $29.07, while analysts maintain a consensus “Hold” rating and a $35.00 target price; the company also pays a quarterly dividend of $0.05.

Evertec, Inc. (NYSE:EVTC - Get Free Report) Director Aldo Polak sold 1,094 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total value of $33,224.78. Following the completion of the sale, the director directly owned 14,849 shares of the company's stock, valued at $450,964.13. The trade was a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Evertec Stock Performance

EVTC stock traded down $1.28 during trading on Tuesday, hitting $29.07. The company had a trading volume of 485,493 shares, compared to its average volume of 505,582. The firm has a 50-day moving average price of $30.05 and a 200-day moving average price of $28.04. Evertec, Inc. has a 1-year low of $21.81 and a 1-year high of $34.76. The firm has a market cap of $1.74 billion, a PE ratio of 18.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.10. The firm had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The company's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts expect that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

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

Institutional Investors Weigh In On Evertec

A number of hedge funds and other institutional investors have recently modified their holdings of EVTC. Hantz Financial Services Inc. increased its stake in Evertec by 189.7% in 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 purchased a new stake in Evertec during the fourth quarter worth $31,000. Clearstead Advisors LLC boosted its position in Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider's stock worth $36,000 after purchasing an additional 819 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Evertec in the second quarter valued at $37,000. Finally, Allworth Financial LP purchased a new position in shares of Evertec in the second quarter valued at $38,000. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on EVTC. Weiss Ratings upgraded shares of Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. Morgan Stanley set a $34.00 target price 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 research note on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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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