Quantbot Technologies LP Makes New $852,000 Investment in Evertec, Inc. $EVTC

Quantbot Technologies LP purchased a new position in shares of Evertec, Inc. (NYSE:EVTC) in the second quarter, HoldingsChannel reports. The institutional investor purchased 30,655 shares of the business services provider’s stock, valued at approximately $852,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Evertec in the second quarter worth $254,513,000. Heartland Advisors Inc. acquired a new position in Evertec during the 2nd quarter valued at $23,346,000. Millennium Management LLC boosted its holdings in Evertec by 731.6% in the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock valued at $23,183,000 after purchasing an additional 603,753 shares during the period. Bank of New York Mellon Corp bought a new stake in Evertec in the 2nd quarter valued at $12,700,000. Finally, Voloridge Investment Management LLC grew its position in Evertec by 151.5% in the 4th quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock worth $8,311,000 after purchasing an additional 172,101 shares during the last quarter. 96.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Paola Perez-Surillo sold 17,486 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the completion of the transaction, the executive vice president owned 46,421 shares of the company’s stock, valued at $1,465,046.76. This represents a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian John Smith purchased 16,202 shares of the business’s stock in a transaction on Friday, June 12th. The shares were acquired at an average price 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. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley set a $34.00 price objective on shares of Evertec in a 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 research report on Thursday, May 7th. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.00.

Evertec Stock Down 0.7%

EVTC opened at $29.71 on Thursday. Evertec, Inc. has a fifty-two week low of $21.81 and a fifty-two week high of $36.52. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s fifty day moving average price is $29.46 and its two-hundred day moving average price is $27.85. The company has a market capitalization of $1.78 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.85 and a beta of 0.70.

Evertec (NYSE:EVTC) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts anticipate that Evertec, Inc. will post 3.53 EPS for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s payout ratio is presently 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.