Evertec (NYSE:EVTC) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Evertec, Inc. (NYSE:EVTC) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.67 and traded as low as $25.80. Evertec shares last traded at $27.3970, with a volume of 1,382,274 shares.

Analysts Set New Price Targets

EVTC has been the subject of a number of research reports. Raymond James Financial reiterated an “outperform” rating and set a $34.00 target price on shares of Evertec in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered shares of Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley dropped their price objective on shares of Evertec from $29.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.20.

Evertec Stock Up 4.3%

The company’s fifty day moving average price is $25.99 and its 200-day moving average price is $27.67. The stock has a market cap of $1.69 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.93 and a beta of 0.74. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.97 and a current ratio of 1.97.

Evertec (NYSE:EVTC) last issued its quarterly 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 firm had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The business’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. Equities analysts forecast that Evertec, Inc. will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 11th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.7%. Evertec’s dividend payout ratio is currently 9.66%.

Insider Transactions at Evertec

In other Evertec news, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average price of $24.10 per share, for a total transaction of $409,700.00. Following the acquisition, the executive vice president directly owned 80,907 shares in the company, valued at $1,949,858.70. The trade was a 26.60% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $22.74 per share, for a total transaction of $454,800.00. Following the transaction, the chief operating officer directly owned 143,987 shares in the company, valued at $3,274,264.38. The trade was a 16.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 53,202 shares of company stock worth $1,292,557. 1.13% of the stock is currently owned by company insiders.

Institutional Trading of Evertec

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings 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 purchasing an additional 3,495 shares during the last quarter. AQR Capital Management LLC purchased a new position in Evertec in the 1st quarter worth about $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Evertec by 3.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock valued at $1,394,000 after buying an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Evertec by 1.0% in the 1st 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 valued at $3,189,000 after buying an additional 846 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Evertec by 184.6% during 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. 96.80% of the stock is currently owned by 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.