EVERTEC - EVTC Stock Forecast, Price & News

2 Wall Street 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 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 analysts have issued 1-year price objectives for EVERTEC's shares. 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 year. This suggests a possible upside of 10.9% 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 2.4% and is now trading at $33.15.
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EVERTEC saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 908,100 shares, a decline of 8.0% from the February 28th total of 987,400 shares. Based on an average daily trading volume, of 353,400 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.4% 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, April 27th 2023.
View our EVTC earnings forecast.

EVERTEC, Inc. (NYSE:EVTC) posted its quarterly earnings results on Wednesday, February, 22nd. The business services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by $0.01. The business services provider had revenue of $161.79 million for the quarter, compared to analysts' expectations of $154.51 million. EVERTEC had a trailing twelve-month return on equity of 31.29% and a net margin of 38.65%.

EVERTEC announced a quarterly dividend on Thursday, February 16th. Stockholders of record on Tuesday, February 28th will be paid a dividend of $0.05 per share on Friday, March 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Monday, February 27th.
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 Information Technology ETF (PSCT), Invesco S&P SmallCap Quality ETF (XSHQ), ETFMG Prime Mobile Payments ETF (IPAY), 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 0.61%. The dividend payout ratio is 5.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EVTC will have a dividend payout ratio of 7.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EVTC.

EVERTEC updated its FY23 earnings guidance on Wednesday, February, 22nd. The company provided EPS guidance of $2.53-$2.64 for the period, compared to the consensus estimate of $2.58. The company issued revenue guidance of $638-$647 million, compared to the consensus revenue estimate of $633.68 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 many different retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (6.53%), River Road Asset Management LLC (3.12%), Boston Partners (3.02%), Dimensional Fund Advisors LP (2.44%), Geode Capital Management LLC (1.94%) and Renaissance Technologies LLC (1.51%). 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 $33.15.

EVERTEC (NYSE:EVTC) has a market capitalization of $2.15 billion and generates $618.41 million in revenue each year. The business services provider earns $239.01 million in net income (profit) each year or $3.50 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.