Evertec Executive VP Acquires 21,000 Shares Amid Market Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 04 2026
0mins
Source: Fool
- Share Acquisition Details: Evertec's Executive VP Miguel Vizcarrondo purchased 21,000 shares on May 11 at approximately $23.37 per share, totaling around $491,000, which increased his direct holdings by 17.32% to 142,214 shares, reflecting confidence in the company's future prospects.
- Change in Historical Trading Pattern: This marks Vizcarrondo's first open-market buy after selling 96,013 shares over the past two years, suggesting a potential optimism regarding the current low share price, particularly after a 36% decline over the past year.
- Financial Performance Highlights: Evertec's Q1 earnings report released on May 6 showed an 8% year-over-year revenue increase to $247.9 million, beating consensus estimates by 3.47%, with a notable 32% revenue growth in the Latin America segment, indicating strong regional performance.
- Strategic Acquisitions and Partnerships: The recent acquisition of Brazilian B2B financial software provider Dimensa and a strategic agreement with Transbank, a leading payment solutions operator in Chile, further enhance Evertec's competitive position in the Latin American market, demonstrating the company's proactive approach to business expansion.
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Analyst Views on EVTC
Wall Street analysts forecast EVTC stock price to rise
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 27.220
Low
29.00
Averages
32.75
High
40.00
Current: 27.220
Low
29.00
Averages
32.75
High
40.00
About EVTC
EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Evertec Executive VP Acquires 21,000 Shares Amid Market Decline
- Share Acquisition Details: Evertec's Executive VP Miguel Vizcarrondo purchased 21,000 shares on May 11 at approximately $23.37 per share, totaling around $491,000, which increased his direct holdings by 17.32% to 142,214 shares, reflecting confidence in the company's future prospects.
- Change in Historical Trading Pattern: This marks Vizcarrondo's first open-market buy after selling 96,013 shares over the past two years, suggesting a potential optimism regarding the current low share price, particularly after a 36% decline over the past year.
- Financial Performance Highlights: Evertec's Q1 earnings report released on May 6 showed an 8% year-over-year revenue increase to $247.9 million, beating consensus estimates by 3.47%, with a notable 32% revenue growth in the Latin America segment, indicating strong regional performance.
- Strategic Acquisitions and Partnerships: The recent acquisition of Brazilian B2B financial software provider Dimensa and a strategic agreement with Transbank, a leading payment solutions operator in Chile, further enhance Evertec's competitive position in the Latin American market, demonstrating the company's proactive approach to business expansion.
See More
Evertec Executive Increases Stock Holdings Significantly
- Executive Stock Purchase: Evertec's Executive Vice President Miguel Vizcarrondo acquired 21,000 shares on May 11, 2026, at approximately $23.37 per share for a total of about $491,000, increasing his direct holdings by 17.32% from 121,214 to 142,214 shares, indicating strong confidence in the company's future prospects.
- Strong Earnings Performance: In its Q1 report released on May 6, Evertec reported an 8% year-over-year revenue increase to $247.9 million, surpassing consensus estimates by 3.47%, with the Latin America segment particularly robust, showing a 32% revenue rise to $110.3 million, reflecting the company's competitive strength in the region.
- Strategic Acquisition Expansion: The recent acquisition of Brazilian B2B financial software provider Dimensa, completed on April 30, enhances Evertec's capabilities in insurance and risk management, thereby enriching its service offerings and strengthening its market position.
- Enhanced Partnerships: Evertec entered into a strategic agreement with Transbank, a leading payment solutions operator in Chile, to support its transactional capabilities, leveraging Evertec's technology to further solidify its leadership in the Latin American electronic payments infrastructure market.
See More
Evertec Partners with Transbank to Enhance Payment Solutions in Chile
- Strategic Partnership: Evertec has entered into a strategic agreement with Transbank, Chile's leading payment solutions operator, where Evertec will manage Transbank's transactional scope and selected platforms, gaining access to advanced technology and reinforcing its position as a tech leader in Latin America.
- Market Expansion Opportunity: Evertec's CEO Mac Schuessler stated that this collaboration will advance the evolution of the payments ecosystem in Chile and the region, highlighting Evertec's long-term commitment to the Chilean market and aiming to enhance competitive advantage through technological innovation.
- Digital Transformation Milestone: Transbank's CEO Sergio Ávila emphasized that this partnership represents a key milestone in their digital transformation roadmap, aimed at elevating service levels and responding more agilely to customer needs, thus maintaining a competitive edge in an increasingly challenging environment.
- Enhanced Long-term Revenue: This collaboration not only showcases Evertec's experience in supporting financial institutions in complex regulatory environments but also advances its strategy to expand in high-value markets, increase long-term recurring revenue, and deepen relationships with leading institutions across Latin America.
See More
EVERTEC Q1 2026 Earnings Call Insights
- Acquisition Progress: EVERTEC successfully closed its acquisition of Dimensa, significantly enhancing its position among financial SaaS providers, with the acquisition expected to be neutral to slightly accretive in 2026, and synergies anticipated to materialize in 2027.
- Financial Performance: The company reported total revenue of approximately $247.9 million and adjusted EBITDA of $97 million for Q1, maintaining profit margins consistent with the prior year despite headwinds from a 10% discount to Popular and unfavorable foreign exchange dynamics, demonstrating resilience amid challenges.
- Outlook Revision: Following the strong Q1 performance and the completion of the Dimensa acquisition, EVERTEC raised its 2026 revenue guidance to between $1.073 billion and $1.085 billion, with adjusted EPS expected to grow between 6.6% and 9.9%, excluding any synergies for the year.
- Market Risks: Management highlighted that while Latin America remains the primary growth engine, profitability challenges persist due to foreign exchange pressures and the discount to Popular, emphasizing integration execution risks and the timeline for realizing future synergies.
See More
EVERTEC Q1 Earnings Miss Expectations with Revised 2026 Outlook
- Q1 Performance: EVERTEC reported a Q1 Non-GAAP EPS of $0.90, missing expectations by $0.02, indicating pressure on profitability, while revenue reached $247.92 million, an 8.4% year-over-year increase, but still fell short of expectations by $1.07 million, reflecting intensified market competition.
- 2026 Financial Outlook: The company's revised revenue outlook for 2026 is set between $1.073 billion and $1.085 billion, representing a growth of approximately 15.1% to 16.4%, an increase from the previous forecast of 9.9% to 11.2%, showcasing enhanced confidence in future market conditions.
- Adjusted EPS Expectations: Adjusted earnings per share are now expected to range from $3.86 to $3.98, indicating a growth of approximately 6.6% to 9.9%, up from the prior forecast of 6.1% to 9.4%, reflecting the company's efforts to improve profitability.
- Capital Expenditures and Tax Rate: The company continues to expect capital expenditures of approximately $90 million and an adjusted effective tax rate of around 11% to 12%, providing a stable foundation for future investments and financial planning.
See More
Evertec Acquires Dimensa to Enhance Financial Services Portfolio
- Acquisition Completed: Evertec has finalized its acquisition of Brazilian technology provider Dimensa S.A. through its wholly-owned subsidiary Evertec Brasil Informática S.A., marking a strategic expansion in the Brazilian financial services market that is expected to enhance its technological capabilities and competitive edge.
- Strengthened Market Commitment: CEO Mac Schuessler emphasized that this acquisition reinforces Evertec's long-term commitment to the Brazilian financial services sector, showcasing the company's ongoing investment and growth intentions in the Latin American fintech landscape.
- Enhanced Technological Capabilities: By acquiring Dimensa, Evertec expands its portfolio of risk and insurance solutions, thereby enhancing its service capabilities in banking and funds, which is likely to improve customer satisfaction and increase market share.
- Impact Analysis: This acquisition is anticipated to drive Evertec's business growth in Latin America, particularly in the context of processing over ten billion transactions annually, further solidifying its position as a leading financial technology provider.
See More
Evertec Executive VP Acquires 21,000 Shares Amid Market Decline
- Share Acquisition Details: Evertec's Executive VP Miguel Vizcarrondo purchased 21,000 shares on May 11 at approximately $23.37 per share, totaling around $491,000, which increased his direct holdings by 17.32% to 142,214 shares, reflecting confidence in the company's future prospects.
- Change in Historical Trading Pattern: This marks Vizcarrondo's first open-market buy after selling 96,013 shares over the past two years, suggesting a potential optimism regarding the current low share price, particularly after a 36% decline over the past year.
- Financial Performance Highlights: Evertec's Q1 earnings report released on May 6 showed an 8% year-over-year revenue increase to $247.9 million, beating consensus estimates by 3.47%, with a notable 32% revenue growth in the Latin America segment, indicating strong regional performance.
- Strategic Acquisitions and Partnerships: The recent acquisition of Brazilian B2B financial software provider Dimensa and a strategic agreement with Transbank, a leading payment solutions operator in Chile, further enhance Evertec's competitive position in the Latin American market, demonstrating the company's proactive approach to business expansion.
See More
Evertec Executive Increases Stock Holdings Significantly
- Executive Stock Purchase: Evertec's Executive Vice President Miguel Vizcarrondo acquired 21,000 shares on May 11, 2026, at approximately $23.37 per share for a total of about $491,000, increasing his direct holdings by 17.32% from 121,214 to 142,214 shares, indicating strong confidence in the company's future prospects.
- Strong Earnings Performance: In its Q1 report released on May 6, Evertec reported an 8% year-over-year revenue increase to $247.9 million, surpassing consensus estimates by 3.47%, with the Latin America segment particularly robust, showing a 32% revenue rise to $110.3 million, reflecting the company's competitive strength in the region.
- Strategic Acquisition Expansion: The recent acquisition of Brazilian B2B financial software provider Dimensa, completed on April 30, enhances Evertec's capabilities in insurance and risk management, thereby enriching its service offerings and strengthening its market position.
- Enhanced Partnerships: Evertec entered into a strategic agreement with Transbank, a leading payment solutions operator in Chile, to support its transactional capabilities, leveraging Evertec's technology to further solidify its leadership in the Latin American electronic payments infrastructure market.
See More
Evertec Partners with Transbank to Enhance Payment Solutions in Chile
- Strategic Partnership: Evertec has entered into a strategic agreement with Transbank, Chile's leading payment solutions operator, where Evertec will manage Transbank's transactional scope and selected platforms, gaining access to advanced technology and reinforcing its position as a tech leader in Latin America.
- Market Expansion Opportunity: Evertec's CEO Mac Schuessler stated that this collaboration will advance the evolution of the payments ecosystem in Chile and the region, highlighting Evertec's long-term commitment to the Chilean market and aiming to enhance competitive advantage through technological innovation.
- Digital Transformation Milestone: Transbank's CEO Sergio Ávila emphasized that this partnership represents a key milestone in their digital transformation roadmap, aimed at elevating service levels and responding more agilely to customer needs, thus maintaining a competitive edge in an increasingly challenging environment.
- Enhanced Long-term Revenue: This collaboration not only showcases Evertec's experience in supporting financial institutions in complex regulatory environments but also advances its strategy to expand in high-value markets, increase long-term recurring revenue, and deepen relationships with leading institutions across Latin America.
See More
EVERTEC Q1 2026 Earnings Call Insights
- Acquisition Progress: EVERTEC successfully closed its acquisition of Dimensa, significantly enhancing its position among financial SaaS providers, with the acquisition expected to be neutral to slightly accretive in 2026, and synergies anticipated to materialize in 2027.
- Financial Performance: The company reported total revenue of approximately $247.9 million and adjusted EBITDA of $97 million for Q1, maintaining profit margins consistent with the prior year despite headwinds from a 10% discount to Popular and unfavorable foreign exchange dynamics, demonstrating resilience amid challenges.
- Outlook Revision: Following the strong Q1 performance and the completion of the Dimensa acquisition, EVERTEC raised its 2026 revenue guidance to between $1.073 billion and $1.085 billion, with adjusted EPS expected to grow between 6.6% and 9.9%, excluding any synergies for the year.
- Market Risks: Management highlighted that while Latin America remains the primary growth engine, profitability challenges persist due to foreign exchange pressures and the discount to Popular, emphasizing integration execution risks and the timeline for realizing future synergies.
See More
EVERTEC Q1 Earnings Miss Expectations with Revised 2026 Outlook
- Q1 Performance: EVERTEC reported a Q1 Non-GAAP EPS of $0.90, missing expectations by $0.02, indicating pressure on profitability, while revenue reached $247.92 million, an 8.4% year-over-year increase, but still fell short of expectations by $1.07 million, reflecting intensified market competition.
- 2026 Financial Outlook: The company's revised revenue outlook for 2026 is set between $1.073 billion and $1.085 billion, representing a growth of approximately 15.1% to 16.4%, an increase from the previous forecast of 9.9% to 11.2%, showcasing enhanced confidence in future market conditions.
- Adjusted EPS Expectations: Adjusted earnings per share are now expected to range from $3.86 to $3.98, indicating a growth of approximately 6.6% to 9.9%, up from the prior forecast of 6.1% to 9.4%, reflecting the company's efforts to improve profitability.
- Capital Expenditures and Tax Rate: The company continues to expect capital expenditures of approximately $90 million and an adjusted effective tax rate of around 11% to 12%, providing a stable foundation for future investments and financial planning.
See More
Evertec Acquires Dimensa to Enhance Financial Services Portfolio
- Acquisition Completed: Evertec has finalized its acquisition of Brazilian technology provider Dimensa S.A. through its wholly-owned subsidiary Evertec Brasil Informática S.A., marking a strategic expansion in the Brazilian financial services market that is expected to enhance its technological capabilities and competitive edge.
- Strengthened Market Commitment: CEO Mac Schuessler emphasized that this acquisition reinforces Evertec's long-term commitment to the Brazilian financial services sector, showcasing the company's ongoing investment and growth intentions in the Latin American fintech landscape.
- Enhanced Technological Capabilities: By acquiring Dimensa, Evertec expands its portfolio of risk and insurance solutions, thereby enhancing its service capabilities in banking and funds, which is likely to improve customer satisfaction and increase market share.
- Impact Analysis: This acquisition is anticipated to drive Evertec's business growth in Latin America, particularly in the context of processing over ten billion transactions annually, further solidifying its position as a leading financial technology provider.
See More
