Shares of Evertec, Inc. (NYSE:EVTC – Get Free Report) have received an average recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $35.00.
Several research analysts have commented on the company. Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Morgan Stanley set a $34.00 target price on Evertec in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th.
Check Out Our Latest Research Report on Evertec
Evertec Trading Down 0.1%
Evertec (NYSE:EVTC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $274.82 million during the quarter, compared to the consensus estimate of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, equities research analysts expect that Evertec will post 3.53 EPS for the current year.
Evertec Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is presently 12.99%.
Insiders Place Their Bets
In related news, Director Aldo Polak sold 1,094 shares of Evertec stock in a transaction on Thursday, September 3rd. The shares were 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. The trade was a 6.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 transaction of $551,858.16. Following the completion of the transaction, 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. Over the last ninety days, insiders have sold 20,580 shares of company stock valued at $644,673. Company insiders own 1.13% of the company’s stock.
Institutional Trading of Evertec
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in Evertec in the second quarter worth approximately $37,000. Integrated Wealth Concepts LLC acquired a new stake in Evertec during the 2nd quarter worth about $38,000. Allworth Financial LP purchased a new position in Evertec during the 2nd quarter valued at about $38,000. Global Retirement Partners LLC purchased a new position in Evertec during the 2nd quarter valued at about $48,000. Finally, Bessemer Group Inc. grew its stake in Evertec by 961.4% during the 1st quarter. Bessemer Group Inc. now owns 2,006 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 1,817 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.
Evertec Company Profile
Evertec, Inc is a financial technology company that provides transaction processing and electronic payment services in Latin America and the Caribbean. The company serves financial institutions, merchants, governments and other businesses through payment acceptance, processing and related technology solutions.
Its services include merchant acquiring, debit and credit card processing, electronic payments, point-of-sale solutions, automated teller machine processing and prepaid programs.
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