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

Evertec, Inc. (NYSE:EVTC) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $34.00.

A number of equities research analysts have weighed in on the company. Raymond James Financial reiterated 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 cut Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP increased its holdings in shares of Evertec by 185.9% in the first quarter. Quantinno Capital Management LP now owns 22,737 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 14,783 shares during the period. Gamco Investors INC. ET AL grew its holdings in Evertec by 24.1% during the first quarter. Gamco Investors INC. ET AL now owns 20,229 shares of the business services provider’s stock worth $571,000 after acquiring an additional 3,930 shares during the period. Aristides Capital LLC grew its holdings in Evertec by 38.7% during the first quarter. Aristides Capital LLC now owns 186,160 shares of the business services provider’s stock worth $5,253,000 after acquiring an additional 51,944 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Evertec by 22.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 105,012 shares of the business services provider’s stock worth $2,963,000 after acquiring an additional 19,304 shares during the period. Finally, Sei Investments Co. grew its holdings in Evertec by 293.5% during the first quarter. Sei Investments Co. now owns 63,472 shares of the business services provider’s stock worth $1,791,000 after acquiring an additional 47,342 shares during the period. Institutional investors and hedge funds own 96.80% of the company’s stock.

Evertec Price Performance

Shares of NYSE EVTC opened at $23.54 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. Evertec has a twelve month low of $21.82 and a twelve month high of $38.56. The stock has a 50 day moving average of $28.14 and a two-hundred day moving average of $28.51. The stock has a market cap of $1.45 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.80 and a beta of 0.80.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The firm had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter in the prior year, the firm posted $0.87 EPS. Evertec’s quarterly revenue was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, research analysts forecast that Evertec will post 3.34 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 11th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. Evertec’s payout ratio is presently 9.66%.

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.