Evertec, Inc. (NYSE:EVTC) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Evertec, Inc. (NYSE:EVTC) has received a consensus rating of "Moderate Buy" from six analysts, with an average one-year price target of $39.00.
• The company reported a quarterly EPS of $0.89, surpassing analysts' expectations of $0.86, and has announced a quarterly dividend of $0.05 per share.
• Institutional investors hold 96.80% of Evertec's stock, indicating strong interest and investment in the company.

Evertec, Inc. (NYSE:EVTC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.00.

A number of research firms recently issued reports on EVTC. Raymond James Financial reiterated an "outperform" rating and set a $43.00 target price (up previously from $42.00) on shares of Evertec in a research report on Thursday, July 31st. Morgan Stanley lowered their target price on shares of Evertec from $35.00 to $34.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Evertec in a report on Thursday, July 17th. They issued a "hold" rating and a $35.00 target price for the company.

Institutional Trading of Evertec

Hedge funds and other institutional investors have recently modified their holdings of the business. USA Financial Formulas bought a new stake in shares of Evertec in the second quarter valued at approximately $26,000. Parkside Financial Bank & Trust raised its stake in Evertec by 479.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,355 shares of the business services provider's stock valued at $49,000 after purchasing an additional 1,121 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Evertec by 39.2% in the 1st quarter. Blue Trust Inc. now owns 1,522 shares of the business services provider's stock worth $56,000 after acquiring an additional 429 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Evertec by 44.7% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the business services provider's stock worth $62,000 after acquiring an additional 525 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Evertec by 19.3% in the 1st quarter. TD Private Client Wealth LLC now owns 1,855 shares of the business services provider's stock worth $68,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 96.80% of the company's stock.

Evertec Trading Up 0.9%

NYSE:EVTC opened at $34.42 on Tuesday. The firm's fifty day moving average is $34.82 and its 200-day moving average is $35.30. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.20 and a current ratio of 2.20. Evertec has a 52 week low of $31.41 and a 52 week high of $38.56. The firm has a market cap of $2.20 billion, a P/E ratio of 16.23, a P/E/G ratio of 1.67 and a beta of 0.93.

Evertec (NYSE:EVTC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Evertec had a net margin of 15.56% and a return on equity of 36.67%. The company had revenue of $229.61 million for the quarter, compared to analyst estimates of $222.23 million. During the same period in the prior year, the firm posted $0.83 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. Evertec has set its FY 2025 guidance at 3.440-3.520 EPS. Equities analysts expect that Evertec will post 2.63 earnings per share for the current year.

Evertec Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 4th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 4th. This represents a $0.20 annualized dividend and a yield of 0.6%. Evertec's dividend payout ratio is presently 9.43%.

Evertec Company Profile

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.

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