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About Evertec (NYSE:EVTC)
EVERTEC, Inc. and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America, 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. The company also offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers; payment and billing products for merchants, businesses, and financial institutions; and EBT services. In addition, it provides business process management solutions comprising core bank processing, network hosting and management, IT consulting services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. The company manages a system of electronic payment networks that process approximately two billion transactions. It sells and distributes its services primarily through a proprietary direct sales force, as well as various indirect sales channels, including value-added resellers. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:EVTC
CUSIPN/A
Phone787-759-9999
Debt
Debt-to-Equity Ratio3.09
Current Ratio1.35
Quick Ratio1.35
Price-To-Earnings
Trailing P/E Ratio14.66
Forward P/E RatioN/A
P/E Growth3.09
Sales & Book Value
Annual Sales$407.14 million
Price / Sales3.84
Cash Flow$2.4105 per share
Price / Cash8.94
Book Value$2.04 per share
Price / Book10.56
Profitability
EPS (Most Recent Fiscal Year)$1.47
Net Income$55.05 million
Net Margins13.23%
Return on Equity72.62%
Return on Assets11.95%
Miscellaneous
Employees2,100
Outstanding Shares72,620,000
Evertec (NYSE:EVTC) Frequently Asked Questions
What is Evertec's stock symbol?
Evertec trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."
How often does Evertec pay dividends? What is the dividend yield for Evertec?
Evertec declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be given a dividend of $0.10 per share on Friday, September 8th. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, August 3rd. View Evertec's Dividend History.
How were Evertec's earnings last quarter?
Evertec Inc (NYSE:EVTC) posted its quarterly earnings data on Tuesday, May, 1st. The business services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The business services provider earned $110.27 million during the quarter, compared to analyst estimates of $101.96 million. Evertec had a return on equity of 72.62% and a net margin of 13.23%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. View Evertec's Earnings History.
When is Evertec's next earnings date?
What guidance has Evertec issued on next quarter's earnings?
Evertec updated its FY18 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of $1.25-1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $411-425 million, compared to the consensus revenue estimate of $398.72 million.
What price target have analysts set for EVTC?
7 brokers have issued 12-month price objectives for Evertec's shares. Their predictions range from $12.00 to $20.00. On average, they expect Evertec's stock price to reach $17.00 in the next twelve months. View Analyst Ratings for Evertec.
Who are some of Evertec's key competitors?
Some companies that are related to Evertec include Proofpoint (PFPT), RingCentral (RNG), Zendesk (ZEN), DST Systems (DST), Pegasystems (PEGA), CoreLogic (CLGX), Zynga (ZNGA), Bilibili (BILI), PagSeguro (PAGS), CarGurus (CARG), Fang (SFUN), Acxiom (ACXM), Longfin (LFIN), Smartsheet (SMAR) and Mindbody (MB).
Who are Evertec's key executives?
Evertec's management team includes the folowing people:
- Mr. Morgan M. Schuessler Jr., Pres, CEO & Director (Age 45)
- Mr. Peter J. S. Smith, Exec. VP, Treasurer, CFO (Age 51)
- Mr. Philip E. Steurer, Exec. VP & COO (Age 49)
- Mr. Guillermo Rospigliosi, Exec. VP of Product, Marketing and Innovation (Age 44)
- Mr. Miguel Vizcarrondo, Exec. VP of Payment Services, Puerto Rico & Caribbean, Bus. Solutions and Merchant Acquiring (Age 45)
Has Evertec been receiving favorable news coverage?
Press coverage about EVTC stock has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Evertec earned a daily sentiment score of 0.13 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 46.69 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Evertec's major shareholders?
Evertec's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.71%), Rivulet Capital LLC (5.15%), American Century Companies Inc. (2.55%), Pzena Investment Management LLC (2.17%), Millennium Management LLC (1.80%) and Nuveen Asset Management LLC (1.48%). View Institutional Ownership Trends for Evertec.
Which major investors are selling Evertec stock?
EVTC stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Rivulet Capital LLC, LSV Asset Management, Thrivent Financial for Lutherans, Point72 Asset Management L.P., Citadel Advisors LLC, Mckinley Capital Management LLC Delaware and Thompson Siegel & Walmsley LLC. View Insider Buying and Selling for Evertec.
Which major investors are buying Evertec stock?
EVTC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Pzena Investment Management LLC, Dimensional Fund Advisors LP, Principal Financial Group Inc., Principal Financial Group Inc., Robeco Institutional Asset Management B.V., Boston Partners and Millennium Management LLC. View Insider Buying and Selling for Evertec.
How do I buy shares of Evertec?
Shares of EVTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Evertec's stock price today?
One share of EVTC stock can currently be purchased for approximately $21.55.
How big of a company is Evertec?
Evertec has a market capitalization of $1.58 billion and generates $407.14 million in revenue each year. The business services provider earns $55.05 million in net income (profit) each year or $1.47 on an earnings per share basis. Evertec employs 2,100 workers across the globe.
How can I contact Evertec?
Evertec's mailing address is Cupey Center Building Road 176 Kilometer 1.3, San Juan PR, 00926. The business services provider can be reached via phone at 787-759-9999 or via email at [email protected]
MarketBeat Community Rating for Evertec (EVTC)
MarketBeat's community ratings are surveys of what our community members think about Evertec and other stocks. Vote "Outperform" if you believe EVTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EVTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Evertec (NYSE:EVTC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for Evertec in the last 12 months. Their average twelve-month price target is $17.00, suggesting that the stock has a possible downside of 21.11%. The high price target for EVTC is $20.00 and the low price target for EVTC is $12.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.29 | 2.14 | 1.83 | 2.20 |
| Ratings Breakdown: | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $17.00 | $16.80 | $16.40 | $17.80 |
| Price Target Upside: | 21.11% downside | 2.15% downside | 13.89% upside | 27.37% upside |
Evertec (NYSE:EVTC) Consensus Price Target History
Evertec (NYSE:EVTC) Analyst Ratings History
Show:
(Data available from 5/22/2016 forward)
Evertec (NYSE:EVTC) Dividend Information
Evertec pays an annual dividend of $0.10 per share, with a dividend yield of 0.46%. EVTC's most recent quarterly dividend payment was Friday, September 8. Evertec pays out 6.80% of its earnings out as a dividend.
| Most Recent Dividend: | 9/8/2017 |
| Annual Dividend: | $0.10 |
| Dividend Yield: | 0.46% |
| Dividend Growth: | -9.10% (3 Year Average) |
| Payout Ratio(s): | 6.80% (Trailing 12 Months of Earnings)
7.09% (Based on This Year's Estimates)
4.15% (Based on Cash Flow)
|
Evertec (NYSE:EVTC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/26/2017 | Quarterly | $0.10 | 2.29% | 8/3/2017 | 8/7/2017 | 9/8/2017 |
| 4/27/2017 | quarterly | $0.10 | 2.52% | 5/4/2017 | 5/8/2017 | 6/9/2017 |
| 2/17/2017 | quarterly | $0.10 | 2.33% | 2/27/2017 | 3/1/2017 | 3/20/2017 |
| 10/28/2016 | quarterly | $0.10 | 2.62% | 11/9/2016 | 11/14/2016 | 12/2/2016 |
| 7/29/2016 | quarterly | $0.10 | 2.33% | 8/5/2016 | 8/9/2016 | 9/2/2016 |
| 5/12/2016 | quarterly | $0.10 | 2.98% | 5/19/2016 | 5/23/2016 | 6/10/2016 |
| 2/18/2016 | quarterly | $0.10 | 3.47% | 2/25/2016 | 2/29/2016 | 3/17/2016 |
| 11/5/2015 | quarterly | $0.10 | 2.33% | 11/12/2015 | 11/16/2015 | 12/4/2015 |
| 8/6/2015 | quarterly | $0.10 | 2.02% | 8/13/2015 | 8/17/2015 | 9/3/2015 |
| 5/7/2015 | quarterly | $0.10 | 1.8% | 5/14/2015 | 5/18/2015 | 6/5/2015 |
| 2/19/2015 | quarterly | $0.10 | 2% | 2/26/2015 | 3/2/2015 | 3/19/2015 |
| 11/5/2014 | quarterly | $0.10 | 1.81% | 11/13/2014 | 11/17/2014 | 12/5/2014 |
| 8/6/2014 | quarterly | $0.10 | 1.82% | 8/14/2014 | 8/18/2014 | 9/5/2014 |
| 5/7/2014 | quarterly | $0.10 | 1.73% | 5/15/2014 | 5/19/2014 | 6/6/2014 |
| 2/12/2014 | quarterly | $0.10 | 1.69% | 2/21/2014 | 2/25/2014 | 3/14/2014 |
| 11/6/2013 | quarterly | $0.10 | 1.81% | 11/14/2013 | 11/18/2013 | 12/6/2013 |
| 8/8/2013 | special | $0.10 | | 8/15/2013 | 8/19/2013 | 9/6/2013 |
| 8/7/2013 | quarterly | $0.10 | | | 8/19/2013 | 9/6/2013 |
(Data available from 1/1/2013 forward)
Evertec (NYSE EVTC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.76%
Institutional Ownership Percentage: 83.41%
Evertec (NYSE EVTC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/23/2016 | Miguel Vizcarrondo | Insider | Sell | 30,000 | $17.00 | $510,000.00 | 192,600 |  |
| 9/21/2015 | Carlos J Ramirez | EVP | Sell | 37,500 | $18.31 | $686,625.00 | 113,211 | |
| 6/22/2015 | Carlos J Ramirez | EVP | Sell | 50,000 | $22.86 | $1,143,000.00 | | |
| 5/7/2015 | Miguel Vizcarrondo | EVP | Sell | 50,000 | $22.06 | $1,103,000.00 | | |
| 4/21/2015 | Carlos J Ramirez | EVP | Sell | 50,000 | $21.20 | $1,060,000.00 | | |
| 3/6/2015 | Carlos J Ramirez | EVP | Sell | 3,367 | $22.00 | $74,074.00 | | |
| 12/18/2014 | Peter Harrington | CEO | Sell | 10,411 | $22.18 | $230,915.98 | | |
| 12/10/2014 | Peter Harrington | CEO | Sell | 10,550 | $22.46 | $236,953.00 | | |
| 12/8/2014 | Peter Harrington | CEO | Sell | 10,500 | $22.46 | $235,830.00 | | |
| 12/5/2014 | Peter Harrington | CEO | Sell | 136,010 | $22.25 | $3,026,222.50 | | |
| 11/28/2014 | Peter Harrington | CEO | Sell | 107,390 | $22.31 | $2,395,870.90 | | |
| 11/25/2014 | Philip E Steurer | COO | Sell | 68,238 | $21.52 | $1,468,481.76 | | |
| 11/13/2014 | Carlos J Ramirez | EVP | Sell | 3,300 | $22.06 | $72,798.00 | | |
| 9/25/2014 | Philip E Steurer | COO | Sell | 25,000 | $22.13 | $553,250.00 | | |
| 6/25/2014 | Jimenez Juan Jose Roman | CFO | Sell | 22,000 | $24.80 | $545,600.00 | | |
| 6/24/2014 | Peter Harrington | CEO | Sell | 50,000 | $25.05 | $1,252,500.00 | | |
| 5/28/2014 | Jimenez Juan Jose Roman | CFO | Sell | 1,700 | $24.00 | $40,800.00 | | |
| 5/12/2014 | Carlos Ramirez | EVP | Sell | 40,000 | $22.94 | $917,600.00 | 195,276 | |
| 3/26/2014 | Peter Harrington | CEO | Sell | 50,000 | $24.95 | $1,247,500.00 | 280,988 | |
| 12/13/2013 | Popular Inc | Director | Sell | 5,800,000 | $20.33 | $117,914,000.00 | 11,654,803 | |
| 9/18/2013 | Carlos Ramirez | EVP | Sell | 30,000 | $21.77 | $653,100.00 | 275,276 | |
| 9/18/2013 | Popular Inc | Director | Sell | 9,057,000 | $21.77 | $197,170,890.00 | 17,454,803 | |
| 9/17/2013 | Frank D'angelo | Director | Buy | 10,000 | $22.97 | $229,700.00 | 13,075 | |
| 4/17/2013 | Philip E Steurer | COO | Buy | 2,500 | $20.00 | $50,000.00 | | |
(Data available from 1/1/2013 forward)
Evertec (NYSE EVTC) News Headlines
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Evertec (NYSE:EVTC) SEC Filings
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Evertec (NYSE:EVTC) Income Statement, Balance Sheet and Cash Flow Statement
Evertec (NYSE EVTC) Stock Chart for Tuesday, May, 22, 2018
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