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

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

Several analysts have weighed in on EVTC shares. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 target price on shares of Evertec in a research note on Thursday, May 7th. Wall Street Zen lowered Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley lowered 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. Finally, Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd.

Insiders Place Their Bets

In other news, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were purchased at an average price of $24.10 per share, with a total value of $409,700.00. Following the completion of the acquisition, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. This trade represents a 26.60% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian John Smith bought 16,202 shares of the business’s stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the transaction, the director directly owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 53,202 shares of company stock worth $1,292,557. 1.13% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Evertec

Hedge funds have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of Evertec by 731.6% in the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after buying an additional 603,753 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Evertec by 151.5% during the fourth quarter. Voloridge Investment Management LLC now owns 285,693 shares of the business services provider’s stock valued at $8,311,000 after buying an additional 172,101 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Evertec by 422.5% during the second quarter. Qube Research & Technologies Ltd now owns 208,037 shares of the business services provider’s stock valued at $7,500,000 after buying an additional 168,225 shares in the last quarter. Boston Partners grew its holdings in Evertec by 45.0% during the third quarter. Boston Partners now owns 526,864 shares of the business services provider’s stock worth $17,656,000 after acquiring an additional 163,398 shares during the period. Finally, Clark Capital Management Group Inc. grew its holdings in Evertec by 44.8% during the fourth quarter. Clark Capital Management Group Inc. now owns 525,235 shares of the business services provider’s stock worth $15,279,000 after acquiring an additional 162,512 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Evertec Stock Performance

EVTC opened at $29.04 on Thursday. The business’s 50 day moving average is $25.83 and its 200-day moving average is $27.65. The stock has a market cap of $1.79 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.71. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. Evertec has a twelve month low of $21.81 and a twelve month high of $37.78.

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

Evertec Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

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.