Evertec (NYSE:EVTC) Hits New 12-Month Low – Should You Sell?

Shares of Evertec, Inc. (NYSE:EVTC) hit a new 52-week low on Monday . The company traded as low as $25.78 and last traded at $25.7710, with a volume of 303557 shares changing hands. The stock had previously closed at $27.54.

Analysts Set New Price Targets

Several equities research analysts recently commented on EVTC shares. Keefe, Bruyette & Woods decreased their price objective 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. Morgan Stanley reduced their price target on shares of Evertec from $34.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th. Susquehanna reduced 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. Finally, Wall Street Zen cut Evertec from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Evertec presently has a consensus rating of “Hold” and a consensus target price of $35.80.

Evertec Price Performance

The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.05 and a beta of 0.86. The company has a fifty day simple moving average of $28.82 and a two-hundred day simple moving average of $30.88. The company has a debt-to-equity ratio of 1.59, a quick ratio of 2.91 and a current ratio of 2.91.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.8%. Evertec’s dividend payout ratio is 8.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Evertec by 10.2% in the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after acquiring an additional 3,495 shares during the last quarter. AQR Capital Management LLC purchased a new position in Evertec during the first quarter worth approximately $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after purchasing an additional 1,222 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Evertec by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock valued at $3,189,000 after purchasing an additional 846 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Evertec by 184.6% during the 1st quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock valued at $4,917,000 after buying an additional 86,733 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

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.