Evertec, Inc. (NYSE:EVTC) Given Consensus Recommendation of “Hold” by Analysts

Evertec, Inc. (NYSE:EVTC) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $35.80.

EVTC has been the topic of a number of recent analyst reports. Susquehanna cut their target price on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Morgan Stanley cut their target price 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. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th.

Institutional Investors Weigh In On Evertec

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

Evertec Stock Down 2.2%

Shares of Evertec stock opened at $28.70 on Friday. Evertec has a twelve month low of $24.95 and a twelve month high of $38.56. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. The company has a current ratio of 2.07, a quick ratio of 2.91 and a debt-to-equity ratio of 1.69. The company has a fifty day moving average price of $28.45 and a 200 day moving average price of $30.39.

Evertec (NYSE:EVTC) last issued its 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 company had revenue of $244.83 million during the quarter, compared to the consensus estimate of $236.83 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company’s revenue was up 13.1% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Equities research analysts forecast that Evertec will post 2.63 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s dividend payout ratio is presently 9.13%.

Evertec Company Profile

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.