Susquehanna Issues Pessimistic Forecast for Evertec (NYSE:EVTC) Stock Price

Evertec (NYSE:EVTC) had its price target lowered by Susquehanna from $37.00 to $32.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. Susquehanna’s price objective would indicate a potential upside of 15.07% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Evertec in a report on Wednesday, October 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $43.00 price target (up from $42.00) on shares of Evertec in a report on Thursday, July 31st. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley dropped their target price on shares of Evertec from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Evertec in a research note on Thursday, July 17th. They set a “hold” rating and a $35.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Evertec currently has a consensus rating of “Hold” and a consensus price target of $37.60.

Evertec Trading Down 1.0%

NYSE:EVTC traded down $0.28 on Friday, reaching $27.81. The company’s stock had a trading volume of 129,714 shares, compared to its average volume of 330,620. Evertec has a 12-month low of $26.78 and a 12-month high of $38.56. The stock has a 50 day moving average price of $32.16 and a 200 day moving average price of $34.41. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.91. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.49.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $227.93 million during the quarter, compared to the consensus estimate of $224.68 million. Evertec had a return on equity of 36.67% and a net margin of 15.56%.The company’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.86 EPS. Evertec has set its FY 2025 guidance at 3.560-3.620 EPS. On average, equities analysts anticipate that Evertec will post 2.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Evertec

Large investors have recently modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of Evertec in the second quarter valued at approximately $26,000. Richardson Financial Services Inc. increased its holdings in shares of Evertec by 132.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 435 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Evertec by 479.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 1,121 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Evertec by 40.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,796 shares of the business services provider’s stock worth $62,000 after buying an additional 517 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Evertec by 19.3% in the first quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider’s stock valued at $68,000 after buying an additional 300 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

Evertec Company Profile

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services – Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.