American Century Companies Inc. Increases Stake in Evertec, Inc. $EVTC

American Century Companies Inc. grew its holdings in Evertec, Inc. (NYSE:EVTCFree Report) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,894,013 shares of the business services provider’s stock after purchasing an additional 335,639 shares during the quarter. American Century Companies Inc. owned about 7.65% of Evertec worth $165,320,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Richardson Financial Services Inc. increased its holdings in shares of Evertec by 132.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock worth $26,000 after buying an additional 435 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Evertec by 479.1% during the second quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider’s stock worth $49,000 after buying an additional 1,121 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Evertec by 40.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock worth $62,000 after buying an additional 517 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Evertec by 2,751.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,996 shares of the business services provider’s stock worth $72,000 after purchasing an additional 1,926 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Evertec during the third quarter worth about $79,000. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research lowered Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Morgan Stanley decreased their price target on Evertec from $34.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, November 12th. Keefe, Bruyette & Woods reduced their price target on shares of Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, November 10th. Finally, Susquehanna cut their target price on Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Evertec has an average rating of “Hold” and an average price target of $35.80.

Read Our Latest Stock Report on Evertec

Evertec Stock Performance

NYSE EVTC opened at $28.28 on Monday. The firm has a 50-day moving average price of $28.49 and a two-hundred day moving average price of $30.53. The company has a market capitalization of $1.81 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.08 and a beta of 0.85. The company has a quick ratio of 2.91, a current ratio of 2.07 and a debt-to-equity ratio of 1.69. Evertec, Inc. has a 12-month low of $24.95 and a 12-month high of $38.56.

Evertec (NYSE:EVTCGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The business services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.02. The company had revenue of $244.83 million for the quarter, compared to analysts’ expectations of $236.83 million. Evertec had a return on equity of 33.27% and a net margin of 15.19%.Evertec’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Analysts anticipate that Evertec, Inc. will post 2.63 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s dividend payout ratio is presently 8.89%.

Key Stories Impacting Evertec

Here are the key news stories impacting Evertec this week:

Evertec Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Evertec (NYSE:EVTC)

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