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

Evertec, Inc. (NYSE:EVTC) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings 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 price objective among brokers that have updated their coverage on the stock in the last year is $33.20.

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

Evertec Stock Performance

Shares of Evertec stock opened at $27.98 on Thursday. The business has a 50-day simple moving average of $25.73 and a 200 day simple moving average of $27.63. Evertec has a one year low of $21.81 and a one year high of $37.71. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.97 and a beta of 0.71.

Evertec (NYSE:EVTC) last announced its quarterly earnings results 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 firm had revenue of $247.92 million during the quarter, compared to the consensus estimate of $248.99 million. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s 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, research analysts anticipate that Evertec will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

The business also recently declared 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 was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s payout ratio is 9.66%.

Insider Buying and Selling at Evertec

In related news, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was purchased at an average cost of $24.10 per share, with a total value of $409,700.00. Following the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at approximately $1,949,858.70. This trade represents a 26.60% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief operating officer owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. The trade was a 16.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 53,202 shares of company stock worth $1,292,557. Insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

A number of institutional investors and hedge funds have recently bought and sold shares of EVTC. Millennium Management LLC boosted its holdings in Evertec by 731.6% during the 3rd quarter. Millennium Management LLC now owns 686,281 shares of the business services provider’s stock worth $23,183,000 after acquiring an additional 603,753 shares during the last quarter. Voloridge Investment Management LLC lifted its position in shares of 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 purchasing an additional 172,101 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings 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 worth $7,500,000 after purchasing an additional 168,225 shares during the last quarter. Boston Partners boosted 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 purchasing an additional 163,398 shares during the last quarter. Finally, Clark Capital Management Group Inc. grew its position in Evertec by 44.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 525,235 shares of the business services provider’s stock worth $15,279,000 after purchasing an additional 162,512 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

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.