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

Shares of Evertec, Inc. (NYSE:EVTCGet Free Report) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.20.

EVTC has been the subject of a number of research reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Wall Street Zen cut shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, Morgan Stanley reduced their target price on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday.

View Our Latest Report on EVTC

Insider Transactions at Evertec

In other news, EVP Luis A. Rodriguez-Gonzalez purchased 17,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the purchase, the executive vice president directly owned 80,907 shares in the company, valued at $1,949,858.70. The trade was a 26.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the completion of the purchase, the chief operating officer owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. This trade represents a 16.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EVTC. Royal Bank of Canada increased its stake in shares of Evertec by 10.2% during the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after acquiring an additional 3,495 shares during the period. AQR Capital Management LLC acquired a new position in shares of Evertec during the first quarter worth about $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Evertec by 3.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after acquiring an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 846 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after acquiring an additional 86,733 shares during the period. 96.80% of the stock is currently owned by institutional investors and hedge funds.

Evertec Price Performance

Shares of EVTC opened at $24.28 on Wednesday. Evertec has a 1-year low of $21.82 and a 1-year high of $38.56. The stock has a market cap of $1.50 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.82 and a beta of 0.80. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a fifty day moving average price of $27.97 and a 200 day moving average price of $28.43.

Evertec (NYSE:EVTCGet Free Report) last announced 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). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same period last year, the firm earned $0.87 earnings per share. Evertec’s revenue was up 8.4% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, sell-side analysts anticipate that Evertec will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, May 11th. Evertec’s dividend payout ratio is presently 9.66%.

Evertec Company Profile

(Get Free Report)

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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Analyst Recommendations for Evertec (NYSE:EVTC)

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