Evertec, Inc. $EVTC Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its position in Evertec, Inc. (NYSE:EVTC) by 46.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 980,239 shares of the business services provider’s stock after selling 836,359 shares during the period. River Road Asset Management LLC’s holdings in Evertec were worth $28,515,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Evertec by 7.4% during the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after buying an additional 335,639 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Evertec by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after buying an additional 61,591 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Evertec by 23.7% in the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after buying an additional 162,307 shares in the last quarter. North Star Asset Management Inc. lifted its stake in shares of Evertec by 0.5% in the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after buying an additional 3,858 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Evertec by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock worth $20,616,000 after acquiring an additional 53,323 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

Analyst Ratings Changes

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

Evertec Price Performance

NYSE:EVTC opened at $25.75 on Friday. Evertec, Inc. has a 52 week low of $21.81 and a 52 week high of $37.78. The stock’s fifty day moving average is $26.32 and its two-hundred day moving average is $27.81. The company has a market capitalization of $1.59 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.91 and a beta of 0.74. 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:EVTC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $247.92 million for the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts expect that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Brian John Smith purchased 16,202 shares of Evertec 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 owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the acquisition, the executive vice president 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. Insiders purchased a total of 53,202 shares of company stock valued at $1,292,557 over the last 90 days. 1.13% of the stock is owned by company insiders.

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.