Evertec, Inc. (EVTC) – What Are Analysts Thinking About This Stock?

Evertec, Inc. (NYSE:EVTC) has received an average rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.00.

EVTC has been the subject of a number of research reports. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Morgan Stanley set a $34.00 price objective on shares of Evertec in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th.

Evertec Trading Down 0.5%

Shares of Evertec stock traded down $0.15 on Friday, hitting $31.25. 421,972 shares of the company’s stock traded hands, compared to its average volume of 495,075. Evertec has a one year low of $21.81 and a one year high of $34.41. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The company has a fifty day moving average of $29.33 and a two-hundred day moving average of $28.21. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 0.89 and a beta of 0.72.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. The company had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, sell-side analysts expect that Evertec will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. Evertec’s dividend payout ratio (DPR) is presently 12.99%.

Insiders Place Their Bets

In other news, EVP Paola Perez-Surillo sold 17,486 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the completion of the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aldo J. Polak sold 1,094 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total value of $33,224.78. Following the completion of the transaction, the director directly owned 14,849 shares in the company, valued at $450,964.13. The trade was a 6.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,580 shares of company stock valued at $644,673. 1.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Evertec

Hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in shares of Evertec during the second quarter valued at approximately $37,000. Allworth Financial LP purchased a new stake in shares of Evertec during the second quarter valued at $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Evertec during the second quarter valued at $38,000. Global Retirement Partners LLC bought a new position in shares of Evertec in the second quarter worth about $48,000. Finally, Blue Trust Inc. grew its holdings in shares of Evertec by 109.5% in the first quarter. Blue Trust Inc. now owns 2,007 shares of the business services provider’s stock worth $57,000 after purchasing an additional 1,049 shares during the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

Evertec Company Profile

Evertec, Inc is a financial technology company that provides transaction processing and electronic payment services in Latin America and the Caribbean. The company serves financial institutions, merchants, governments and other businesses through payment acceptance, processing and related technology solutions.

Its services include merchant acquiring, debit and credit card processing, electronic payments, point-of-sale solutions, automated teller machine processing and prepaid programs.