Evertec (NYSE:EVTC) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Evertec (NYSE:EVTC) from a buy rating to a hold rating in a report published on Saturday.

EVTC has been the topic of several other research reports. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Raymond James Financial reaffirmed an “outperform” rating and set a $34.00 price target on shares of Evertec in a research note on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.00.

Evertec Stock Performance

Evertec stock opened at $24.06 on Friday. Evertec has a 12-month low of $21.82 and a 12-month high of $38.56. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 0.91 and a beta of 0.80. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 2.07. The firm’s fifty day moving average price is $28.63 and its 200 day moving average price is $28.81.

Evertec (NYSE:EVTC) last released 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 for the quarter, compared to analysts’ expectations of $248.99 million. During the same period last year, the firm earned $0.87 EPS. 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, research analysts forecast that Evertec will post 3.4 EPS for the current fiscal year.

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. Evertec’s dividend payout ratio (DPR) is currently 9.66%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EVTC. Richardson Financial Services Inc. grew its holdings in Evertec by 132.6% during the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock worth $26,000 after acquiring an additional 435 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Evertec by 189.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after buying an additional 702 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Evertec during the 4th quarter valued at about $31,000. Clearstead Advisors LLC grew its position in shares of Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after buying an additional 819 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after buying an additional 510 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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.