Evertec, Inc. $EVTC Shares Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. grew its holdings in Evertec, Inc. (NYSE:EVTC) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 237,500 shares of the business services provider’s stock after purchasing an additional 37,500 shares during the quarter. Heartland Advisors Inc.’s holdings in Evertec were worth $6,909,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EVTC. Hantz Financial Services Inc. lifted its holdings in Evertec by 189.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after buying an additional 702 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after acquiring an additional 819 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of Evertec by 73.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock worth $39,000 after acquiring an additional 562 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Evertec by 53.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after acquiring an additional 510 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Evertec during the third quarter worth $52,000. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EVTC. Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Morgan Stanley cut their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Evertec presently has an average rating of “Hold” and a consensus price target of $33.20.

Insider Activity

In other news, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the transaction, the chief operating officer owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of Evertec stock in a transaction dated Thursday, May 7th. The stock was purchased at an average cost of $24.10 per share, with a total value of $409,700.00. Following the completion of the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.13% of the company’s stock.

Evertec Price Performance

Shares of NYSE EVTC opened at $23.94 on Thursday. The stock’s 50-day simple moving average is $26.51 and its 200-day simple moving average is $27.92. The firm has a market capitalization of $1.48 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $38.02. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97.

Evertec (NYSE:EVTC) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.01). The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a net margin of 13.95% and a return on equity of 31.40%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities research analysts forecast that Evertec, Inc. will post 3.34 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Evertec’s dividend payout ratio is currently 9.66%.

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.