Analysts Set Evertec, Inc. (NYSE:EVTC) Target Price at $33.20

Evertec, Inc. (NYSE:EVTC) has received an average rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $33.20.

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

Evertec Trading Up 3.6%

NYSE:EVTC opened at $26.33 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.89 and a beta of 0.74. The firm has a fifty day simple moving average of $26.42 and a two-hundred day simple moving average of $27.88. Evertec has a 12 month low of $21.81 and a 12 month high of $37.78.

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

Evertec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio (DPR) is presently 9.66%.

Insider Activity at Evertec

In related news, Director Brian John Smith acquired 16,202 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the acquisition, the director owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. This represents a 22.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were bought at an average price of $24.10 per share, with a total value of $409,700.00. Following the acquisition, the executive vice president directly owned 80,907 shares of the company’s stock, valued at $1,949,858.70. The trade was a 26.60% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 53,202 shares of company stock valued at $1,292,557 over the last ninety days. Corporate insiders own 1.13% of the company’s stock.

Institutional Trading of Evertec

A number of large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its holdings in Evertec by 4.3% during the third quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after buying an additional 363 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Evertec by 1.1% in the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after purchasing an additional 384 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Evertec by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after purchasing an additional 391 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 417 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Evertec by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock worth $358,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 96.80% of the company’s stock.

About Evertec

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.