Evertec, Inc. (NYSE:EVTC) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts rate Evertec “Hold” overall: Four of six analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $35, versus a recent price of $29.23.
• Evertec exceeded quarterly expectations, reporting $1.05 EPS versus the $0.95 consensus and revenue of $274.82 million, up 19.7% year over year.
• The company pays a quarterly dividend of $0.05, equivalent to a 0.7% yield. Insiders sold 20,580 shares worth approximately $644,673 over the past three months, while institutional investors own 96.8% of the stock.

Evertec, Inc. (NYSE:EVTC - Get Free Report) has been assigned an average rating of "Hold" from the six ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $35.00.

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

Evertec Trading Down 0.2%

Evertec stock opened at $29.23 on Tuesday. The company's fifty day moving average price is $30.08 and its two-hundred day moving average price is $28.14. Evertec has a one year low of $21.81 and a one year high of $34.76. 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 company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.83 and a beta of 0.69.

Evertec (NYSE:EVTC - Get Free Report) last announced its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $262.24 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, analysts forecast that Evertec will post 3.53 earnings per share for the current fiscal year.

Evertec Announces Dividend

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

Insider Activity at Evertec

In related news, EVP Paola Perez-Surillo sold 17,486 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.56, for a total value of $551,858.16. Following the completion of the transaction, the executive vice president directly owned 46,421 shares of the company's stock, valued at $1,465,046.76. This trade represents a 27.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aldo J. Polak sold 1,094 shares of Evertec stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $30.37, for a total transaction of $33,224.78. Following the sale, the director owned 14,849 shares in the company, valued at $450,964.13. This represents a 6.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,580 shares of company stock worth $644,673 in the last three months. 1.13% of the stock is owned by insiders.

Institutional Investors Weigh In On Evertec

Several large investors have recently modified their holdings of EVTC. ProShare Advisors LLC grew its holdings in Evertec by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider's stock worth $364,000 after purchasing an additional 391 shares during the period. Royal Bank of Canada boosted its position in Evertec by 1.4% during the first quarter. Royal Bank of Canada now owns 34,824 shares of the business services provider's stock worth $983,000 after purchasing an additional 479 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Evertec by 13.9% in the first quarter. EverSource Wealth Advisors LLC now owns 4,302 shares of the business services provider's stock valued at $121,000 after purchasing an additional 524 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Evertec by 189.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider's stock valued at $31,000 after purchasing an additional 702 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Evertec by 6.2% in the first quarter. Cetera Investment Advisers now owns 13,078 shares of the business services provider's stock valued at $369,000 after purchasing an additional 765 shares during the period. 96.80% of the stock is currently owned by 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.

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