Analysts Set Evertec, Inc. (NYSE:EVTC) Price Target at $35.00

Shares of Evertec, Inc. (NYSE:EVTC) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.00.

EVTC has been the topic of several research reports. Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Morgan Stanley set a $34.00 price objective on Evertec in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.

Evertec Price Performance

Shares of NYSE EVTC opened at $27.82 on Tuesday. The stock has a market cap of $1.66 billion, a P/E ratio of 18.07, a P/E/G ratio of 0.79 and a beta of 0.69. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. Evertec has a fifty-two week low of $21.81 and a fifty-two week high of $34.76. The firm’s 50-day simple moving average is $30.00 and its 200 day simple moving average is $28.17.

Evertec (NYSE:EVTC) last issued its quarterly earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Evertec had a return on equity of 32.07% and a net margin of 9.80%.The firm had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. During the same period last year, the company posted $0.89 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Equities analysts expect that Evertec will post 3.53 EPS for the current year.

Evertec Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 3rd. Evertec’s dividend payout ratio is 12.99%.

Insider Buying and Selling

In other Evertec news, EVP Paola Perez-Surillo sold 17,486 shares of Evertec stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.56, for a total transaction of $551,858.16. Following the transaction, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aldo Polak sold 1,094 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total transaction of $33,224.78. Following the sale, the director directly owned 14,849 shares in the company, valued at approximately $450,964.13. This trade represents a 6.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 20,580 shares of company stock valued at $644,673 in the last ninety days. Company insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Evertec in the 2nd quarter valued at about $254,513,000. North Star Asset Management Inc. boosted its holdings in shares of Evertec by 0.5% during the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after purchasing an additional 3,858 shares during the period. Heartland Advisors Inc. acquired a new stake in shares of Evertec during the second quarter worth approximately $23,346,000. Lone Peak Global Investors LLC grew its position in Evertec by 5.9% during the second quarter. Lone Peak Global Investors LLC now owns 584,685 shares of the business services provider’s stock valued at $16,243,000 after purchasing an additional 32,764 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Evertec during the second quarter valued at approximately $12,700,000. 96.80% of the stock is owned by hedge funds and other institutional investors.

About Evertec

Evertec, Inc (NYSE: EVTC) is a payment processing and business services company that provides technology solutions for financial institutions, merchants, governments and other organizations. Its services include merchant acquiring, point-of-sale and e-commerce payment acceptance, debit and credit card processing, ATM services, electronic funds transfer and payment network operations.

The company also offers digital payment products, including the ATH® network and ATH Móvil® mobile payment platform, as well as services that support card issuers and other financial institutions.