Insider Selling: Evertec (NYSE:EVTC) Director Sells $30,090.00 in Stock

Key Points

• Evertec director Aldo Polak sold 1,000 shares at an average price of $30.09, generating $30,090. Following the transaction, his direct ownership fell 5.9% to 15,943 shares.
• Evertec reported quarterly EPS of $1.05, beating estimates by $0.10, while revenue of $274.82 million exceeded forecasts and rose 19.7% year over year.
• Shares recently traded near $29.68, while analysts maintained an overall “Hold” consensus with an average price target of $35.00; the company also declared a quarterly dividend of $0.05 per share.

Evertec, Inc. (NYSE:EVTC - Get Free Report) Director Aldo Polak sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $30.09, for a total transaction of $30,090.00. Following the sale, the director directly owned 15,943 shares in the company, valued at approximately $479,724.87. This represents a 5.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Evertec Stock Performance

Evertec stock traded down $0.30 during mid-day trading on Monday, reaching $29.68. 397,219 shares of the company traded hands, compared to its average volume of 509,434. The firm's fifty day moving average is $29.62 and its two-hundred day moving average is $27.89. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $36.31. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70.

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

Evertec Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec's dividend payout ratio is currently 12.99%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its holdings in shares of 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 purchased a new stake in Evertec during the fourth quarter worth $31,000. Clearstead Advisors LLC boosted its holdings 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 buying an additional 819 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Evertec during the second quarter valued at $37,000. Finally, Allworth Financial LP acquired a new stake in Evertec during the second quarter valued at $38,000. 96.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVTC has been the subject of a number of recent research reports. Morgan Stanley set a $34.00 price target on shares of Evertec in a research report on Thursday, August 6th. Raymond James Financial reissued an "outperform" rating and set a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Evertec from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised shares of Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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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