Evertec, Inc. (NYSE:EVTC) Given Average Recommendation of “Hold” by Brokerages

Evertec, Inc. (NYSE:EVTC) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.20.

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

Evertec Stock Performance

Evertec stock opened at $29.11 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a fifty day moving average of $25.78 and a two-hundred day moving average of $27.64. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.01 and a beta of 0.71. Evertec has a fifty-two week low of $21.81 and a fifty-two week high of $37.78.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share 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 business’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, analysts anticipate that Evertec will post 3.34 EPS for the current fiscal year.

Evertec Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a $0.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.20 annualized dividend and a yield of 0.7%. Evertec’s payout ratio is 9.66%.

Insiders Place Their Bets

In other Evertec news, Director Brian John Smith acquired 16,202 shares of the stock in a transaction dated Friday, June 12th. The stock was acquired at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the transaction, the director directly owned 88,222 shares in the company, valued at approximately $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief operating officer directly 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 position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 53,202 shares of company stock valued at $1,292,557 in the last quarter. 1.13% of the stock is currently owned by company insiders.

Institutional Trading of Evertec

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVTC. Hantz Financial Services Inc. lifted its holdings 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 worth $31,000 after acquiring an additional 702 shares during the period. Kestra Advisory Services LLC purchased a new stake in Evertec in the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC grew its holdings in Evertec by 194.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 819 shares during the period. Richardson Financial Services Inc. increased its position in Evertec by 73.7% during the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock worth $39,000 after purchasing an additional 562 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in Evertec by 53.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock worth $43,000 after purchasing an additional 510 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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.