Evertec, Inc. (NYSE:EVTC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Evertec, Inc. (NYSE:EVTC - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.00.

Several research analysts have commented on EVTC shares. Susquehanna set a $39.00 price objective on shares of Evertec and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Evertec in a research note on Thursday. They issued a "hold" rating and a $35.00 price objective on the stock. Raymond James Financial raised their target price on shares of Evertec from $39.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Evertec from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, May 8th.

Evertec Price Performance

EVTC stock traded down $0.42 during midday trading on Thursday, reaching $33.29. The company had a trading volume of 460,093 shares, compared to its average volume of 339,032. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.99 and a quick ratio of 1.99. Evertec has a 1 year low of $31.11 and a 1 year high of $38.56. The company has a market capitalization of $2.12 billion, a P/E ratio of 16.73, a P/E/G ratio of 1.84 and a beta of 0.98. The firm has a 50-day moving average price of $36.30 and a 200-day moving average price of $34.99.

Evertec (NYSE:EVTC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Evertec had a net margin of 14.89% and a return on equity of 38.45%. The firm had revenue of $228.79 million during the quarter, compared to analyst estimates of $217.97 million. During the same period in the previous year, the business posted $0.72 EPS. The business's quarterly revenue was up 11.4% on a year-over-year basis. On average, research analysts anticipate that Evertec will post 2.63 earnings per share for the current fiscal year.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. Evertec's dividend payout ratio (DPR) is 10.05%.

Insider Transactions at Evertec

In other Evertec news, Director Ivan Pagan sold 6,852 shares of Evertec stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $36.65, for a total value of $251,125.80. Following the transaction, the director owned 12,473 shares in the company, valued at $457,135.45. The trade was a 35.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Luis A. Rodriguez-Gonzalez sold 18,898 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $35.69, for a total value of $674,469.62. Following the sale, the executive vice president owned 35,203 shares in the company, valued at $1,256,395.07. The trade was a 34.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 75,634 shares of company stock valued at $2,742,976 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Evertec

A number of large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in Evertec by 19.3% in the first quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider's stock valued at $68,000 after acquiring an additional 300 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Evertec by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,747 shares of the business services provider's stock worth $233,000 after buying an additional 429 shares during the period. Blue Trust Inc. raised its stake in shares of Evertec by 39.2% during the 1st quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider's stock worth $56,000 after buying an additional 429 shares during the period. Fifth Third Bancorp raised its stake in shares of Evertec by 44.7% during the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the business services provider's stock worth $62,000 after buying an additional 525 shares during the period. Finally, Bridge City Capital LLC raised its stake in shares of Evertec by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 68,784 shares of the business services provider's stock worth $2,375,000 after buying an additional 601 shares during the period. Hedge funds and other institutional investors own 96.80% of the company's stock.

About Evertec

EVERTEC, Inc engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards.