Evertec (NYSE:EVTC) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Evertec from “buy” to “hold,” reinforcing a generally cautious analyst stance. The stock now carries a consensus “Hold” rating with a consensus price target of $34.00.
• Evertec reported mixed quarterly results, posting EPS of $0.90 versus expectations for $0.91 and revenue of $247.92 million versus estimates of $248.99 million. Revenue still rose 8.4% year over year, and the company maintained FY2026 EPS guidance of $3.86 to $3.98.
• The stock was trading up 3.0% and opened at $24.06, well below its 52-week high of $38.56. Institutional ownership remains heavy, with 96.80% of shares held by institutional investors and hedge funds.

Evertec (NYSE:EVTC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other equities research analysts also recently commented on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Evertec in a report on Friday, March 27th. Raymond James Financial reiterated an "outperform" rating and issued a $34.00 price objective on shares of Evertec in a report on Thursday. Finally, Zacks Research downgraded Evertec from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $34.00.

Evertec Trading Up 3.0%

EVTC stock opened at $24.06 on Friday. The company has a market cap of $1.48 billion, a P/E ratio of 11.62, a PEG ratio of 0.88 and a beta of 0.80. Evertec has a twelve month low of $21.82 and a twelve month high of $38.56. The company has a quick ratio of 2.07, a current ratio of 1.97 and a debt-to-equity ratio of 1.56. The business has a fifty day moving average of $28.63 and a 200-day moving average of $28.81.

Evertec (NYSE:EVTC - Get Free Report) last released its earnings results 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 firm had revenue of $247.92 million for the quarter, compared to the consensus estimate of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. As a group, equities research analysts expect that Evertec will post 3.4 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EVTC. Richardson Financial Services Inc. boosted its position in shares of Evertec by 132.6% during the third quarter. Richardson Financial Services Inc. now owns 763 shares of the business services provider's stock worth $26,000 after buying an additional 435 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Evertec by 189.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider's stock worth $31,000 after buying an additional 702 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Evertec during the fourth quarter worth about $31,000. Clearstead Advisors LLC boosted its position in shares of Evertec by 194.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider's stock worth $36,000 after buying an additional 819 shares during the period. Finally, Global Retirement Partners LLC boosted its position in shares of 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 during the period. 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.

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