Brokerages Set Evertec, Inc. (NYSE:EVTC) Target Price at $33.20

Evertec, Inc. (NYSE:EVTC) has received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.20.

A number of research analysts have weighed in on EVTC shares. Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Finally, Morgan Stanley reduced their price target on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th.

Insider Buying and Selling at Evertec

In other news, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of Evertec stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $22.74 per share, with a total value of $454,800.00. Following the transaction, the chief operating officer owned 143,987 shares in the company, valued at $3,274,264.38. This represents a 16.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of Evertec stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the acquisition, the executive vice president owned 80,907 shares in the company, valued at $1,949,858.70. This trade represents a 26.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is owned by insiders.

Institutional Trading of Evertec

A number of institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in Evertec by 7.4% during the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after purchasing an additional 335,639 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Evertec by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after acquiring an additional 61,591 shares during the period. Millennium Management LLC increased its position in shares of Evertec by 23.7% during the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after acquiring an additional 162,307 shares during the period. North Star Asset Management Inc. increased its position in shares of Evertec by 0.5% during the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after acquiring an additional 3,858 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Evertec by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock worth $20,616,000 after acquiring an additional 53,323 shares during the period. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Evertec Trading Up 6.1%

Shares of EVTC stock opened at $25.40 on Friday. The stock’s fifty day moving average is $26.45 and its two-hundred day moving average is $27.89. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a market capitalization of $1.57 billion, a P/E ratio of 12.27, a PEG ratio of 0.81 and a beta of 0.74. Evertec has a fifty-two week low of $21.81 and a fifty-two week high of $37.78.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The firm had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter in the previous year, the business posted $0.87 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Research analysts expect that Evertec will post 3.34 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Evertec’s payout ratio is currently 9.66%.

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.