Evertec, Inc. (NYSE:EVTC) Receives Average Rating of “Hold” from Brokerages

Evertec, Inc. (NYSE:EVTC) has received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $33.20.

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

Evertec Trading Down 1.9%

NYSE EVTC opened at $22.32 on Friday. The company has a fifty day simple moving average of $26.78 and a two-hundred day simple moving average of $28.04. The stock has a market cap of $1.38 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.76 and a beta of 0.74. Evertec has a 12-month low of $21.81 and a 12-month high of $38.02. 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 (NYSE:EVTC) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The company had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, analysts forecast that Evertec will post 3.34 earnings per share for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Evertec’s dividend payout ratio (DPR) is 9.66%.

Insider Buying and Selling at Evertec

In other Evertec news, EVP Luis A. Rodriguez-Gonzalez bought 17,000 shares of Evertec stock in a transaction that occurred on Thursday, May 7th. The stock was purchased 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of Evertec stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of $22.74 per share, with a total value of $454,800.00. Following the acquisition, the chief operating officer owned 143,987 shares of the company’s stock, valued at $3,274,264.38. The trade was a 16.13% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVTC. Royal Bank of Canada raised its position in shares of Evertec by 10.2% in the first quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock worth $1,389,000 after acquiring an additional 3,495 shares during the period. AQR Capital Management LLC acquired a new position in shares of Evertec in the first quarter worth about $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Evertec by 3.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after acquiring an additional 1,222 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Evertec by 1.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 846 shares during the period. Finally, Jane Street Group LLC raised its position in shares of Evertec by 184.6% in the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock worth $4,917,000 after acquiring an additional 86,733 shares during the period. Hedge funds and other institutional investors own 96.80% of the company’s stock.

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.