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

Shares of Evertec, Inc. (NYSE:EVTC) have received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.75.

EVTC has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 19th. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Evertec Stock Performance

Shares of NYSE EVTC opened at $29.72 on Monday. The stock’s fifty day simple moving average is $26.66 and its 200 day simple moving average is $27.67. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.01 and a beta of 0.71. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.56. Evertec has a 52-week low of $21.81 and a 52-week high of $37.71.

Evertec (NYSE:EVTC) last announced its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $248.99 million. During the same period in the prior year, the company earned $0.87 earnings per share. The company’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, sell-side analysts forecast that Evertec will post 3.34 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 paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s dividend payout ratio (DPR) is currently 9.66%.

Insiders Place Their Bets

In other Evertec news, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was acquired at an average price of $24.10 per share, with a total value of $409,700.00. Following the completion of the transaction, the executive vice president directly owned 80,907 shares in the company, valued at approximately $1,949,858.70. This represents a 26.60% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado purchased 20,000 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $22.74 per share, for a total transaction of $454,800.00. Following the acquisition, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $3,274,264.38. This represents a 16.13% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 53,202 shares of company stock worth $1,292,557. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

Several hedge funds have recently bought and sold shares of EVTC. Dana Investment Advisors Inc. increased its holdings in shares of Evertec by 53.4% in the 4th quarter. Dana Investment Advisors Inc. now owns 126,297 shares of the business services provider’s stock valued at $3,674,000 after purchasing an additional 43,952 shares during the period. SG Americas Securities LLC lifted its position in shares of Evertec by 443.9% in the fourth quarter. SG Americas Securities LLC now owns 42,505 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 34,690 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Evertec during the fourth quarter worth approximately $2,240,000. UBS Group AG boosted its holdings in shares of Evertec by 61.4% during the fourth quarter. UBS Group AG now owns 106,509 shares of the business services provider’s stock worth $3,098,000 after purchasing an additional 40,529 shares during the period. Finally, Heartland Advisors Inc. grew its position in Evertec by 18.8% during the fourth quarter. Heartland Advisors Inc. now owns 237,500 shares of the business services provider’s stock valued at $6,909,000 after purchasing an additional 37,500 shares in the last quarter. 96.80% of the stock is owned by hedge funds and other institutional investors.

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.