Evertec, Inc. (NYSE:EVTC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Evertec, Inc. (NYSE:EVTC) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $35.00.

A number of equities research analysts have weighed in on EVTC shares. Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Finally, Morgan Stanley set a $34.00 target price on shares of Evertec in a research note on Thursday, August 6th.

Insider Buying and Selling at Evertec

In other Evertec news, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the sale, the executive vice president directly owned 46,421 shares of the company’s stock, valued at approximately $1,465,046.76. This represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian John Smith acquired 16,202 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were purchased at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares of the company’s stock, valued at approximately $2,330,825.24. The trade was a 22.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Evertec in the second quarter worth $254,513,000. Dimensional Fund Advisors LP lifted its holdings in Evertec by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock valued at $45,799,000 after buying an additional 61,591 shares during the period. Millennium Management LLC boosted its stake in Evertec by 23.7% in the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock valued at $24,685,000 after acquiring an additional 162,307 shares during the last quarter. Heartland Advisors Inc. acquired a new stake in Evertec during the 2nd quarter worth $23,346,000. Finally, North Star Asset Management Inc. bought a new stake in shares of Evertec during the 2nd quarter valued at $22,489,000. 96.80% of the stock is owned by institutional investors and hedge funds.

Evertec Stock Up 0.0%

EVTC opened at $29.75 on Friday. Evertec has a fifty-two week low of $21.81 and a fifty-two week high of $36.91. The company has a market capitalization of $1.78 billion, a P/E ratio of 19.32, a P/E/G ratio of 0.85 and a beta of 0.70. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.70 and a quick ratio of 1.70. The firm’s fifty day moving average price is $29.23 and its two-hundred day moving average price is $27.82.

Evertec (NYSE:EVTC) last released its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $262.24 million. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts anticipate that Evertec will post 3.53 EPS for the current year.

Evertec Dividend Announcement

The company also recently declared 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 yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is currently 12.99%.

Evertec Company Profile

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.