EverCommerce increases share repurchase program to $325 million, effective through December 31, 2027, enhancing shareholder value.
Quiver AI Summary
EverCommerce Inc. announced an increase of $25 million to its existing share repurchase program, bringing the total authorization to $325 million, valid through December 31, 2027. The repurchases can occur in the open market or through negotiated transactions, adhering to SEC regulations. The program allows for flexibility in the amount of stock repurchased and may be modified or discontinued at the company’s discretion. EverCommerce, which serves over 745,000 customers globally, provides software solutions for service SMBs in various industries, enabling better management of operations and customer relationships.
Potential Positives
- Approval of a $25 million increase to the share repurchase program demonstrates confidence from the Board of Directors in the company's financial health and growth potential.
- The total share repurchase authorization of $325 million signals a commitment to returning value to shareholders, which can enhance investor sentiment.
- The use of cash on hand for repurchases indicates the company's strong liquidity position, suggesting it can effectively manage its financial commitments while investing in shareholder returns.
Potential Negatives
- The increase in the share repurchase program may indicate a lack of fundamentally strong investment opportunities for growth, suggesting that the company is prioritizing stock buybacks over reinvestment in the business.
- The discretion allowed to modify or discontinue the repurchase program could lead to uncertainty among shareholders regarding the company’s commitment to returning capital, especially if market conditions change.
- Funding the repurchase with cash on hand might raise concerns about the company’s liquidity and capability to invest in future growth initiatives or navigate unexpected financial challenges.
FAQ
What is the total amount authorized for EverCommerce's share repurchase program?
The total authorized amount for EverCommerce's share repurchase program is $325 million.
When does the share repurchase program authorization expire?
The share repurchase program authorization is valid through December 31, 2027.
How will EverCommerce fund its share repurchase program?
EverCommerce expects to fund repurchases with cash on hand.
What are the benefits of EverCommerce's software for SMBs?
EverCommerce's software helps SMBs schedule work, manage customer relations, bill, and communicate effectively.
Who should investors contact for more information about EverCommerce?
Investors can contact Ryan Siurek, CFO, at 720-407-2888 or [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$EVCM Insider Trading Activity
$EVCM insiders have traded $EVCM stock on the open market 97 times in the past 6 months. Of those trades, 0 have been purchases and 97 have been sales.
Here’s a breakdown of recent trading of $EVCM stock by insiders over the last 6 months:
- ERIC RICHARD REMER has made 0 purchases and 70 sales selling 785,496 shares for an estimated $7,931,486.
- MATTHEW DAVID FEIERSTEIN (President) has made 0 purchases and 22 sales selling 175,000 shares for an estimated $1,946,711.
- LISA E STOREY (Chief Legal Officer) has made 0 purchases and 3 sales selling 22,240 shares for an estimated $223,733.
- RYAN H SIUREK (Chief Financial Officer) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $203,993.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$EVCM Revenue
$EVCM had revenues of $152M in Q2 2026. This is an increase of 2.7% from the same period in the prior year.
You can track EVCM financials on Quiver Quantitative's EVCM stock page.
You can access data on EVCM stock through the Quiver Quantitative API.
$EVCM Hedge Fund Activity
We have seen 33 institutional investors add shares of $EVCM stock to their portfolio, and 52 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CORECAP ADVISORS, LLC added 269,999 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,716,189
- SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) removed 219,700 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,511,171
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 143,462 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,443,227
- UBS GROUP AG added 72,093 shares (+312.9%) to their portfolio in Q2 2026, for an estimated $725,255
- LOS ANGELES CAPITAL MANAGEMENT LLC removed 66,317 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $667,149
- DEKABANK DEUTSCHE GIROZENTRALE removed 55,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $628,650
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 52,452 shares (-10.9%) from their portfolio in Q2 2026, for an estimated $527,667
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
DENVER, Sept. 11, 2026 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ: EVCM), a company dedicated to simplifying operations and empowering growth for service SMBs, today announced that its Board of Directors has approved a $25 million increase to its previously approved $300 million share repurchase program bringing the total approved authorization to $325 million through December 31, 2027.
Repurchases under the program may be made from time to time in the open market at prevailing market prices or in negotiated transactions off the market. Open market repurchases will be structured to occur within the pricing and volume requirements of Rule 10b-18. The company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the company to acquire any particular amount of common stock and the program may be extended, modified, suspended or discontinued at any time at the company’s discretion. The company expects to fund repurchases with cash on hand.
About EverCommerce
EverCommerce (Nasdaq: EVCM), a company dedicated to simplifying operations and empowering growth for service SMBs, enables more than 745,000 customers worldwide with software that helps them schedule and manage work, communicate with customers and patients, bill and get paid, and build lasting customer relationships. With its EverPro, EverHealth, and EverWell brands specializing in the Home, Health, and Wellness service industries, EverCommerce delivers AI-driven workflows that matter most so service professionals can spend more time delivering great outcomes and less time on administrative work. Learn more at EverCommerce.com .
Investor Contact:
Ryan Siurek
Chief Financial Officer
720-407-2888
[email protected]
Press Contact:
Jeanne Trogan
VP of Corporate Communications
512-705-1293
[email protected]
