Deutsche Bank AG Purchases Shares of 70,704 Evertec, Inc. $EVTC

Deutsche Bank AG acquired a new stake in Evertec, Inc. (NYSE:EVTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,704 shares of the business services provider’s stock, valued at approximately $1,964,000.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Evertec by 10.2% in the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after purchasing an additional 3,495 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Evertec in the first quarter valued at approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after buying an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Evertec by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after buying an additional 846 shares during the period. Finally, Jane Street Group LLC raised its position in Evertec by 184.6% during the 1st quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after buying an additional 86,733 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several research reports. Wall Street Zen upgraded shares of Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Morgan Stanley set a $34.00 target price on shares of Evertec in a report on Thursday, August 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Transactions at Evertec

In other news, Director Brian John Smith bought 16,202 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. The trade was a 22.50% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aldo J. Polak sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $29.50, for a total value of $29,500.00. Following the sale, the director owned 17,943 shares in the company, valued at $529,318.50. This trade represents a 5.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.13% of the company’s stock.

Evertec Trading Up 2.0%

Evertec stock opened at $30.07 on Friday. The firm has a market cap of $1.80 billion, a PE ratio of 19.53, a P/E/G ratio of 0.84 and a beta of 0.70. Evertec, Inc. has a 12 month low of $21.81 and a 12 month high of $36.31. The stock’s 50 day simple moving average is $29.62 and its two-hundred day simple moving average is $27.89. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts anticipate that Evertec, Inc. will post 3.53 earnings per share for the current year.

Evertec Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders 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 dividend yield of 0.7%. Evertec’s dividend payout ratio is 12.99%.

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.