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

Evertec, Inc. (NYSE:EVTC) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $35.00.

Several equities analysts have weighed in on EVTC shares. Morgan Stanley set a $34.00 price objective on Evertec in a report on Thursday, August 6th. Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th.

Insider Activity at Evertec

In related news, EVP Paola Perez-Surillo sold 17,486 shares of Evertec stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.56, for a total value of $551,858.16. Following the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at $1,465,046.76. This trade represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Aldo J. Polak sold 1,094 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total transaction of $33,224.78. Following the transaction, the director owned 14,849 shares of the company’s stock, valued at approximately $450,964.13. This represents a 6.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,580 shares of company stock valued at $644,673 over the last 90 days. Corporate insiders own 1.13% of the company’s stock.

Institutional Trading of Evertec

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in Evertec by 937.2% in the third quarter. Farther Finance Advisors LLC now owns 7,115 shares of the business services provider’s stock valued at $192,000 after buying an additional 6,429 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Evertec during the second quarter worth about $38,000. Allworth Financial LP raised its stake in Evertec by 166.9% during the second quarter. Allworth Financial LP now owns 1,372 shares of the business services provider’s stock worth $38,000 after acquiring an additional 858 shares in the last quarter. Nykredit A S bought a new position in shares of Evertec in the second quarter worth about $112,000. Finally, Corient Private Wealth LP lifted its holdings in shares of Evertec by 41.3% in the second quarter. Corient Private Wealth LP now owns 54,551 shares of the business services provider’s stock worth $1,515,000 after acquiring an additional 15,956 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors.

Evertec Stock Up 1.1%

Shares of EVTC opened at $29.66 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. Evertec has a 12 month low of $21.81 and a 12 month high of $34.41. The firm’s 50 day moving average is $29.37 and its 200-day moving average is $28.11. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.26, a P/E/G ratio of 0.84 and a beta of 0.72.

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

Evertec Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is currently 12.99%.

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.