EVERTEC Stock Price, News & Analysis (NYSE:EVTC)

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EVTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EVTC, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1 year price targets for EVERTEC's stock. Their EVTC share price targets range from $32.00 to $50.00. On average, they predict the company's stock price to reach $41.00 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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EVERTEC's stock was trading at $32.38 at the beginning of 2023. Since then, EVTC shares have increased by 19.9% and is now trading at $38.81.
View the best growth stocks for 2023 here.

EVERTEC saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 1,470,000 shares, a decline of 5.2% from the October 31st total of 1,550,000 shares. Based on an average trading volume of 277,600 shares, the short-interest ratio is currently 5.3 days. Currently, 2.3% of the company's shares are short sold.
View EVERTEC's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our EVTC earnings forecast.

EVERTEC, Inc. (NYSE:EVTC) announced its earnings results on Thursday, October, 26th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.17. The business services provider earned $173.20 million during the quarter, compared to analysts' expectations of $157.42 million. EVERTEC had a trailing twelve-month return on equity of 32.30% and a net margin of 14.65%.

EVERTEC announced a quarterly dividend on Thursday, October 19th. Investors of record on Monday, October 30th will be paid a dividend of $0.05 per share on Friday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, October 27th.
Read our dividend analysis for EVTC.

EVERTEC (NYSE:EVTC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.53%. The dividend payout ratio is 13.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

ETFs with the largest weight of EVERTEC (NYSE:EVTC) stock in their portfolio include Amplify Emerging Markets FinTech ETF (EMFQ), Invesco S&P SmallCap Quality ETF (XSHQ), ETFMG Prime Mobile Payments ETF (IPAY), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Financials ETF (PSCF) and Timothy Plan US Small Cap Core ETF (TPSC).SPDR S&P 600 Small Cap ETF (SLY).

EVERTEC issued an update on its FY23 earnings guidance on Thursday, October, 26th. The company provided EPS guidance of $2.81-2.86 for the period, compared to the consensus estimate of $2.79. The company issued revenue guidance of $663-667 million, compared to the consensus revenue estimate of $655.26 million.

2 employees have rated EVERTEC Chief Executive Officer Mac Schuessler on Glassdoor.com. Mac Schuessler has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other EVERTEC investors own include Advanced Micro Devices (AMD), AbbVie (ABBV), KeyCorp (KEY), OPKO Health (OPK), Cree (CREE), Cisco Systems (CSCO), Energy Transfer (ET), Etsy (ETSY), International Business Machines (IBM) and Pfizer (PFE).

EVERTEC's stock is owned by a number of institutional and retail investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (6.33%), American Century Companies Inc. (6.13%), River Road Asset Management LLC (3.41%), Loomis Sayles & Co. L P (2.25%), Fuller & Thaler Asset Management Inc. (1.92%) and Northern Trust Corp (1.48%). Insiders that own company stock include Castillo Rodrigo Del, Diego Viglianco, Frank G D'angelo, Guillermo Rospigliosi, Joaquin A Castrillo-Salgado, Luis A Rodriguez-Gonzalez, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Morgan M Schuessler, Paola Perez-Surillo, Philip E Steurer and Popular, Inc.
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Shares of EVTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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