Evertec, Inc. (NYSE:EVTC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Evertec has a consensus “Hold” rating among six analysts, with one sell, three hold and two buy recommendations. The average 12-month price target is $32.75, above the reported share price of $29.72.
• The company’s latest quarterly results slightly missed expectations, with earnings per share of $0.90 versus the $0.91 consensus and revenue of $247.92 million versus $248.99 million expected. Revenue nevertheless increased 8.4% year over year.
• Evertec declared a quarterly dividend of $0.05 per share, representing a 0.7% annualized yield, while insiders bought 53,202 shares worth approximately $1.29 million over the past 90 days.

Shares of Evertec, Inc. (NYSE:EVTC - Get Free Report) have earned a consensus recommendation of "Hold" from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $32.75.

A number of research firms have commented on EVTC. Morgan Stanley dropped their price target on shares of Evertec from $29.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 19th. Weiss Ratings cut shares of Evertec from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, May 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Evertec from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th.

Evertec Price Performance

Shares of EVTC opened at $29.72 on Monday. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 1.01 and a beta of 0.71. 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 has a one year low of $21.81 and a one year high of $37.71. The stock's fifty day moving average is $26.66 and its 200-day moving average is $27.67.

Evertec (NYSE:EVTC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.01). The company had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. Evertec had a net margin of 13.95% and a return on equity of 31.40%. Evertec's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. Equities analysts anticipate that Evertec will post 3.34 EPS for the current year.

Evertec Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 3rd will be paid 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 is Monday, August 3rd. Evertec's dividend payout ratio (DPR) is presently 9.66%.

Insider Activity

In other news, Director Brian John Smith bought 16,202 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director directly owned 88,222 shares of the company's stock, valued at $2,330,825.24. This represents a 22.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $22.74 per share, with a total value of $454,800.00. Following the purchase, the chief operating officer directly owned 143,987 shares of the company's stock, valued at approximately $3,274,264.38. This represents a 16.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 53,202 shares of company stock worth $1,292,557. 1.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On Evertec

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hantz Financial Services Inc. boosted its position in shares of Evertec by 189.7% during the 4th 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 in the last quarter. Kestra Advisory Services LLC acquired a new stake in Evertec during the fourth quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its stake in Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider's stock valued at $36,000 after purchasing an additional 819 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in Evertec by 73.7% during the fourth quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider's stock worth $39,000 after buying an additional 562 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Evertec by 53.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider's stock worth $43,000 after buying an additional 510 shares in the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

Evertec Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.