EVERTEC (EVTC) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last twelve months. There are currently 1 sell 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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2 Wall Street analysts have issued 1 year price objectives for EVERTEC's stock. Their EVTC share price forecasts range from $29.00 to $43.00. On average, they predict the company's share price to reach $36.75 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
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EVERTEC's stock was trading at $32.38 at the beginning of the year. Since then, EVTC stock has increased by 11.5% and is now trading at $36.10.
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EVERTEC saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 856,900 shares, a decrease of 5.3% from the April 30th total of 905,200 shares. Based on an average trading volume of 303,500 shares, the short-interest ratio is presently 2.8 days. Approximately 1.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our EVTC earnings forecast.

EVERTEC, Inc. (NYSE:EVTC) announced its earnings results on Wednesday, April, 26th. The business services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.08. The business services provider earned $159.81 million during the quarter, compared to the consensus estimate of $152.17 million. EVERTEC had a trailing twelve-month return on equity of 29.70% and a net margin of 36.65%.

EVERTEC declared a quarterly dividend on Thursday, April 20th. Stockholders of record on Monday, May 1st will be paid a dividend of $0.05 per share on Friday, June 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Friday, April 28th.
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), Invesco S&P SmallCap Financials ETF (PSCF), Opus Small Cap Value Plus ETF (OSCV), Invesco S&P SmallCap Low Volatility ETF (XSLV), JPMorgan Social Advancement ETF (UPWD) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

EVERTEC (NYSE:EVTC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.58%. The dividend payout ratio is 5.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

EVERTEC issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.59-$2.68 for the period, compared to the consensus earnings per share estimate of $2.58. The company issued revenue guidance of $644.00 million-$652.00 million, compared to the consensus revenue estimate of $643.26 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."

EVERTEC's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.31%), Kayne Anderson Rudnick Investment Management LLC (7.00%), American Century Companies Inc. (6.23%), State Street Corp (3.41%), River Road Asset Management LLC (3.14%) and Dimensional Fund Advisors LP (2.49%). 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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One share of EVTC stock can currently be purchased for approximately $36.10.

EVERTEC (NYSE:EVTC) has a market capitalization of $2.35 billion and generates $627.98 million in revenue each year. The business services provider earns $239.01 million in net income (profit) each year or $3.43 on an earnings per share basis.

The company employs 2,700 workers across the globe.

EVERTEC's mailing address is Cupey Center Building Road 176 Kilometer 1.3, San Juan PR, 00926. The official website for the company is www.evertecinc.com. The business services provider can be reached via phone at (787) 759-9999, via email at ir@evertecinc.com, or via fax at 787-250-7356.