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

Evertec, Inc. (NYSE:EVTC) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.00.

EVTC has been the topic of a number of recent research reports. Morgan Stanley set a $34.00 price target on shares of Evertec in a research report on Thursday, August 6th. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th.

Insider Activity at Evertec

In related news, Director Aldo Polak sold 1,094 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total transaction of $33,224.78. Following the sale, the director owned 14,849 shares of the company’s stock, valued at $450,964.13. This trade represents a 6.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Paola Perez-Surillo sold 17,486 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.56, for a total value of $551,858.16. Following the sale, the executive vice president owned 46,421 shares in the company, valued at $1,465,046.76. This represents a 27.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 20,580 shares of company stock valued at $644,673. 1.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Evertec

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Evertec in the 2nd quarter valued at about $254,513,000. California State Teachers Retirement System lifted its stake in shares of Evertec by 3,417.1% in the second quarter. California State Teachers Retirement System now owns 2,061,971 shares of the business services provider’s stock worth $57,282,000 after acquiring an additional 2,003,344 shares during the period. Heartland Advisors Inc. bought a new stake in Evertec in the second quarter valued at approximately $23,346,000. North Star Asset Management Inc. bought a new stake in Evertec in the second quarter valued at approximately $22,489,000. Finally, Bank of New York Mellon Corp acquired a new stake in Evertec during the 2nd quarter valued at approximately $12,700,000. 96.80% of the stock is owned by institutional investors.

Evertec Trading Down 0.2%

Shares of NYSE:EVTC opened at $29.23 on Tuesday. Evertec has a 12-month low of $21.81 and a 12-month high of $34.76. The stock has a market cap of $1.75 billion, a PE ratio of 18.98, a P/E/G ratio of 0.83 and a beta of 0.69. The business has a 50 day moving average of $30.08 and a 200-day moving average of $28.14. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The company had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities research analysts forecast that Evertec will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s payout ratio is 12.99%.

About Evertec

Evertec, Inc (NYSE: EVTC) is a payment processing and business services company that provides technology solutions for financial institutions, merchants, governments and other organizations. Its services include merchant acquiring, point-of-sale and e-commerce payment acceptance, debit and credit card processing, ATM services, electronic funds transfer and payment network operations.

The company also offers digital payment products, including the ATH® network and ATH Móvil® mobile payment platform, as well as services that support card issuers and other financial institutions.