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

Evertec, Inc. (NYSE:EVTC) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $32.75.

Several analysts have recently issued reports on the stock. Morgan Stanley dropped their target price 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. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial restated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th.

Evertec Trading Up 0.1%

Shares of NYSE:EVTC opened at $30.48 on Monday. The business has a 50 day moving average of $27.33 and a two-hundred day moving average of $27.71. Evertec has a 12-month low of $21.81 and a 12-month high of $37.71. The company has a market capitalization of $1.88 billion, a PE ratio of 14.72, a PEG ratio of 1.03 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56.

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

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 3rd. Evertec’s payout ratio is currently 9.66%.

Insider Transactions at Evertec

In other Evertec news, Director Brian John Smith purchased 16,202 shares of Evertec stock in a transaction dated Friday, June 12th. The shares were 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 owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of Evertec stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the acquisition, the chief operating officer owned 143,987 shares in the company, valued at $3,274,264.38. This represents a 16.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 53,202 shares of company stock valued at $1,292,557. 1.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Evertec

Institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in Evertec during the 4th quarter worth about $31,000. Hantz Financial Services Inc. grew its position in 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 purchasing an additional 702 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after buying an additional 819 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Evertec by 73.7% in the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 562 shares during the period. Finally, Global Retirement Partners LLC increased its stake in Evertec by 53.1% in 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 period. 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.