Evertec, Inc. (EVTC) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is cautious: Evertec has an average “Hold” rating from six analysts, with four holds and two buys. The average 12-month price target is $35.00 versus the reported share price of $29.66.
• Recent results exceeded expectations: Evertec reported quarterly EPS of $1.05, beating the $0.95 consensus estimate, while revenue reached $274.82 million, up 19.7% year over year and above forecasts.
• Insiders have been selling shares: Company insiders sold 20,580 shares worth approximately $644,673 over the past three months, while institutional investors and hedge funds collectively own 96.8% of the stock.

Evertec, Inc. (NYSE:EVTC - Get Free Report) has been given an average rating of "Hold" by the six ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $35.00.

A number of research analysts have recently commented on EVTC shares. Morgan Stanley set a $34.00 price objective on shares of Evertec in a research report on Thursday, August 6th. Wall Street Zen raised shares of Evertec from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Evertec from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th.

Insider Activity

In related news, Director Aldo J. Polak sold 1,094 shares of the company's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $30.37, for a total value of $33,224.78. Following the transaction, the director owned 14,849 shares in the company, valued at approximately $450,964.13. This represents a 6.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paola Perez-Surillo sold 17,486 shares of the 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 completion of the transaction, the executive vice president directly owned 46,421 shares in the company, valued at approximately $1,465,046.76. This represents a 27.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 20,580 shares of company stock worth $644,673 over the last three months. Insiders own 1.13% of the company's stock.

Hedge Funds Weigh In On Evertec

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of Evertec during the second quarter worth approximately $37,000. Allworth Financial LP bought a new stake in Evertec in the 2nd quarter valued at $38,000. Integrated Wealth Concepts LLC acquired a new position in Evertec in the 2nd quarter valued at $38,000. Global Retirement Partners LLC bought a new position in Evertec during the 2nd quarter worth $48,000. Finally, Blue Trust Inc. lifted its holdings in shares of Evertec by 109.5% during the first quarter. Blue Trust Inc. now owns 2,007 shares of the business services provider's stock worth $57,000 after buying an additional 1,049 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company's stock.

Evertec Stock Up 1.1%

NYSE:EVTC opened at $29.66 on Friday. Evertec has a twelve month low of $21.81 and a twelve month high of $34.41. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.84 and a beta of 0.72. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.89. The stock's 50 day moving average price is $29.37 and its two-hundred day moving average price is $28.11.

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

Evertec Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 3rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, August 3rd. Evertec's payout ratio is 12.99%.

About Evertec

Evertec, Inc is a financial technology company that provides transaction processing and electronic payment services in Latin America and the Caribbean. The company serves financial institutions, merchants, governments and other businesses through payment acceptance, processing and related technology solutions.

Its services include merchant acquiring, debit and credit card processing, electronic payments, point-of-sale solutions, automated teller machine processing and prepaid programs.

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