Evertec, Inc. (NYSE:EVTC – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $21.81 and last traded at $21.92, with a volume of 108851 shares changing hands. The stock had previously closed at $22.74.
Analyst Upgrades and Downgrades
EVTC has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley reduced 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. Raymond James Financial reaffirmed an “outperform” rating and issued a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Finally, Weiss Ratings cut shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.20.
View Our Latest Research Report on EVTC
Evertec Stock Down 1.9%
Evertec (NYSE:EVTC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.01). Evertec had a return on equity of 31.40% and a net margin of 13.95%.The business had revenue of $247.92 million during the quarter, compared to the consensus estimate of $248.99 million. During the same quarter last year, the company earned $0.87 EPS. Evertec’s revenue for the quarter 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, analysts forecast that Evertec, Inc. will post 3.34 EPS for the current fiscal year.
Evertec Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.
Insider Buying and Selling
In related news, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was acquired at an average cost of $24.10 per share, with a total value of $409,700.00. Following the acquisition, the executive vice president directly owned 80,907 shares in the company, valued at $1,949,858.70. This represents a 26.60% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief operating officer owned 143,987 shares of the company’s stock, valued at $3,274,264.38. This represents a 16.13% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.13% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Lido Advisors LLC lifted its position in shares of Evertec by 4.3% during the third quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after purchasing an additional 363 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Evertec by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock worth $1,022,000 after purchasing an additional 384 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Evertec by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock worth $364,000 after purchasing an additional 391 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Evertec by 0.7% during the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock worth $2,133,000 after purchasing an additional 417 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Evertec by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock worth $358,000 after purchasing an additional 433 shares during the last quarter. 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.
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