Evertec, Inc. (NYSE:EVTC) Receives $35.80 Consensus Target Price from Analysts

Shares of Evertec, Inc. (NYSE:EVTC) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.80.

Several equities analysts recently commented on the stock. Susquehanna reduced their target price on shares of Evertec from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Keefe, Bruyette & Woods reduced their price objective on Evertec from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a report on Monday, December 29th. Finally, Morgan Stanley reduced their price target on Evertec from $34.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 12th.

Institutional Investors Weigh In On Evertec

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVTC. American Century Companies Inc. lifted its position in shares of Evertec by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 4,558,374 shares of the business services provider’s stock worth $164,329,000 after purchasing an additional 46,147 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Evertec by 31.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,825 shares of the business services provider’s stock worth $605,000 after buying an additional 3,991 shares in the last quarter. Clifford Capital Partners LLC lifted its holdings in Evertec by 3.0% in the second quarter. Clifford Capital Partners LLC now owns 435,431 shares of the business services provider’s stock worth $15,697,000 after buying an additional 12,880 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Evertec during the 2nd quarter valued at approximately $879,000. Finally, Willis Investment Counsel boosted its position in Evertec by 63.2% during the 2nd quarter. Willis Investment Counsel now owns 62,033 shares of the business services provider’s stock valued at $2,236,000 after acquiring an additional 24,011 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors.

Evertec Stock Performance

Shares of NYSE EVTC opened at $27.09 on Monday. The stock’s 50-day moving average is $29.36 and its 200 day moving average is $31.43. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 1.04 and a beta of 0.86. Evertec has a 1-year low of $26.72 and a 1-year high of $38.56. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 1.59.

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.