Evertec, Inc. (NYSE:EVTC) Receives Average Rating of “Hold” from Analysts

Evertec, Inc. (NYSE:EVTC) has received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.80.

A number of brokerages have recently commented on EVTC. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Evertec in a research note on Monday, December 29th.

Evertec Stock Up 3.9%

EVTC stock opened at $28.94 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.69. The business has a 50 day moving average price of $28.24 and a two-hundred day moving average price of $29.70. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.06 and a beta of 0.85. Evertec has a twelve month low of $24.95 and a twelve month high of $38.56.

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

Evertec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s dividend payout ratio (DPR) is currently 9.13%.

Hedge Funds Weigh In On Evertec

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC raised its stake in Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after purchasing an additional 363 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of Evertec by 1.1% during the 4th quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after purchasing an additional 384 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Evertec by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after purchasing an additional 391 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Evertec by 2.2% during the third quarter. Amalgamated Bank now owns 18,633 shares of the business services provider’s stock worth $629,000 after purchasing an additional 408 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Evertec by 0.7% during the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 417 shares during the period. 96.80% of the stock is owned by institutional investors.

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.