Evertec (NYSE:EVTC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Evertec (NYSE:EVTC) from a hold rating to a buy rating in a research report report published on Saturday.

Other research analysts have also issued research reports about the stock. Morgan Stanley set a $34.00 price target on shares of Evertec in a research report on Thursday. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research report on Thursday, May 7th. Finally, Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $35.00.

Evertec Price Performance

Shares of NYSE EVTC opened at $29.61 on Friday. Evertec has a twelve month low of $21.81 and a twelve month high of $37.71. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The firm has a 50-day moving average of $28.11 and a two-hundred day moving average of $27.77. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.01 and a beta of 0.70.

Evertec (NYSE:EVTC) last announced its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (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 analysts’ expectations of $262.24 million. During the same quarter in the previous year, the company posted $0.89 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. As a group, analysts expect that Evertec will post 3.34 earnings per share for the current fiscal year.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be given a $0.05 dividend. 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 (DPR) is 12.99%.

Insider Buying and Selling at Evertec

In other Evertec news, Director Brian John Smith purchased 16,202 shares of the stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the acquisition, the director owned 88,222 shares of the company’s stock, valued at $2,330,825.24. This represents a 22.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

Institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in shares of Evertec by 189.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Evertec during the fourth quarter worth approximately $31,000. Clearstead Advisors LLC boosted its holdings in shares of Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock worth $36,000 after purchasing an additional 819 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of Evertec by 73.7% during the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock worth $39,000 after purchasing an additional 562 shares during the period. Finally, Global Retirement Partners LLC grew its position in Evertec by 53.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 510 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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.