Evertec, Inc. (NYSE:EVTC – Get Free Report) EVP Luis Rodriguez-Gonzalez bought 17,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $24.10 per share, with a total value of $409,700.00. Following the transaction, the executive vice president owned 80,907 shares in the company, valued at approximately $1,949,858.70. This represents a 26.60% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Evertec Stock Up 4.4%
EVTC stock opened at $24.04 on Wednesday. Evertec, Inc. has a 12-month low of $21.82 and a 12-month high of $38.56. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.87 and a beta of 0.80. The company has a 50 day moving average of $28.47 and a two-hundred day moving average of $28.67.
Evertec (NYSE:EVTC – Get Free Report) last released its earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter in the previous year, the company earned $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. On average, equities analysts anticipate that Evertec, Inc. will post 3.4 earnings per share for the current fiscal year.
Evertec Dividend Announcement
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on EVTC shares. Raymond James Financial restated an “outperform” rating and set a $34.00 price target on shares of Evertec in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a research note on Friday, March 27th. Zacks Research lowered shares of Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.00.
Get Our Latest Stock Report on Evertec
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Richardson Financial Services Inc. raised its holdings in Evertec by 132.6% in 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 during the period. Kestra Advisory Services LLC bought a new position in Evertec in the 4th quarter worth $31,000. Hantz Financial Services Inc. raised its holdings in Evertec by 189.7% in 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. Clearstead Advisors LLC raised its holdings in Evertec by 194.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after acquiring an additional 819 shares during the period. Finally, Global Retirement Partners LLC raised its holdings 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 worth $43,000 after acquiring an additional 510 shares during the period. 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.
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