Shares of Evertec, Inc. (NYSE:EVTC – Get Free Report) have received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.00.
Several equities analysts have weighed in on the company. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Raymond James Financial reissued an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Wall Street Zen upgraded Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Morgan Stanley set a $34.00 target price on Evertec in a research report on Thursday, August 6th.
Read Our Latest Report on EVTC
Insider Activity at Evertec
Institutional Trading of Evertec
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in shares of Evertec by 10.2% in the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock valued at $1,389,000 after acquiring an additional 3,495 shares during the period. AQR Capital Management LLC acquired a new stake in Evertec in the 1st quarter worth $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after purchasing an additional 1,222 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Evertec by 1.0% in the 1st 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 purchasing an additional 846 shares during the last quarter. Finally, Jane Street Group LLC raised its position 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 valued at $4,917,000 after buying an additional 86,733 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.
Evertec Price Performance
NYSE EVTC opened at $29.75 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $1.78 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. Evertec has a 12-month low of $21.81 and a 12-month high of $36.91. The company has a 50 day moving average price of $29.23 and a two-hundred day moving average price of $27.82.
Evertec (NYSE:EVTC – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. During the same quarter in the prior year, the business posted $0.89 EPS. Evertec’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, equities analysts predict that Evertec will post 3.53 earnings per share for the current fiscal year.
Evertec Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio is currently 12.99%.
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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