Luis Rodriguez-Gonzalez Buys 17,000 Shares of Evertec (NYSE:EVTC) Stock

by · The Cerbat Gem

Evertec, Inc. (NYSE:EVTCGet Free Report) EVP Luis Rodriguez-Gonzalez bought 17,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was bought at an average cost of $24.10 per share, with a total value of $409,700.00. Following the completion of the purchase, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. The trade was a 26.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Evertec Trading Down 4.0%

Shares of EVTC traded down $0.97 during midday trading on Monday, reaching $23.04. The company had a trading volume of 709,953 shares, compared to its average volume of 472,760. Evertec, Inc. has a 1-year low of $21.82 and a 1-year high of $38.56. The stock has a market cap of $1.42 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The firm has a 50 day simple moving average of $28.63 and a 200-day simple moving average of $28.81. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56.

Evertec (NYSE:EVTCGet Free Report) last issued its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company had revenue of $247.92 million during the quarter, compared to analyst estimates of $248.99 million. During the same period last year, the business earned $0.87 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Research analysts forecast that Evertec, Inc. will post 3.4 EPS for the current fiscal year.

Evertec Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 11th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

Hedge Funds Weigh In On Evertec

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in Evertec by 7.4% during the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock valued at $165,320,000 after acquiring an additional 335,639 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Evertec by 4.1% during 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 acquiring an additional 61,591 shares during the period. Millennium Management LLC boosted its holdings in Evertec by 23.7% during the 4th quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after acquiring an additional 162,307 shares during the period. North Star Asset Management Inc. boosted its holdings in Evertec by 0.5% during the 4th quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock valued at $23,533,000 after acquiring an additional 3,858 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Evertec by 8.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock valued at $20,616,000 after acquiring an additional 53,323 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EVTC has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a research report on Friday, March 27th. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Check Out Our Latest Research Report on Evertec

About Evertec

(Get Free Report)

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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