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NYSE:EVTC

Evertec Stock Forecast, Price & News

$34.81
+0.24 (+0.69 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$34.37
Now: $34.81
$35.02
50-Day Range
$30.45
MA: $33.56
$35.56
52-Week Range
$18.21
Now: $34.81
$36.38
Volume1.22 million shs
Average Volume487,286 shs
Market Capitalization$2.50 billion
P/E Ratio29.25
Dividend Yield0.58%
Beta1.1
EVERTEC, Inc. engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean. The company operates in 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; 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. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is based in San Juan, Puerto Rico.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
CUSIPN/A
Phone787-759-9999

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$487.37 million
Cash Flow$3.02 per share
Book Value$3.78 per share

Profitability

Net Income$103.47 million

Miscellaneous

Employees2,300
Market Cap$2.50 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$34.81
+0.24 (+0.69 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Evertec (NYSE:EVTC) Frequently Asked Questions

How has Evertec's stock price been impacted by COVID-19 (Coronavirus)?

Evertec's stock was trading at $26.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EVTC shares have increased by 31.6% and is now trading at $34.81.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Evertec?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Evertec in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Evertec
.

When is Evertec's next earnings date?

Evertec is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Evertec
.

How were Evertec's earnings last quarter?

Evertec Inc (NYSE:EVTC) issued its quarterly earnings data on Tuesday, August, 4th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.35 by $0.03. The business services provider earned $117.90 million during the quarter, compared to analysts' expectations of $110.23 million. Evertec had a net margin of 18.00% and a return on equity of 45.03%. The business's revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS.
View Evertec's earnings history
.

How often does Evertec pay dividends? What is the dividend yield for Evertec?

Evertec declared a quarterly dividend on Friday, July 24th. Shareholders of record on Monday, August 3rd will be given a dividend of $0.05 per share on Friday, September 4th. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, July 31st.
View Evertec's dividend history
.

What price target have analysts set for EVTC?

4 brokerages have issued twelve-month target prices for Evertec's shares. Their forecasts range from $20.00 to $38.00. On average, they anticipate Evertec's stock price to reach $30.60 in the next year. This suggests that the stock has a possible downside of 12.1%.
View analysts' price targets for Evertec
.

Are investors shorting Evertec?

Evertec saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 2,490,000 shares, an increase of 23.3% from the August 15th total of 2,020,000 shares. Based on an average daily volume of 559,900 shares, the short-interest ratio is presently 4.4 days. Approximately 4.2% of the company's shares are sold short.
View Evertec's Short Interest
.

Who are some of Evertec's key competitors?

What other stocks do shareholders of Evertec own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Evertec investors own include AbbVie (ABBV), Advanced Micro Devices (AMD), KeyCorp (KEY), Cree (CREE), Cisco Systems (CSCO), Etsy (ETSY), IBM (IBM), Opko Health (OPK), Pfizer (PFE) and PerkinElmer (PKI).

Who are Evertec's key executives?

Evertec's management team includes the following people:
  • Mr. Morgan M. Schuessler Jr., Pres, CEO & Director (Age 46)
  • Mr. Philip E. Steurer, Exec. VP & COO (Age 50)
  • Mr. Luis A. Rodríguez-González, Exec. VP, Sec. and Gen. Counsel – Legal, Compliance & Corp. Devel. (Age 41)
  • Mr. Miguel Vizcarrondo Carrión, Exec. VP of Payment Services, Puerto Rico & Caribbean, Bus. Solutions and Merchant Acquiring (Age 46)
  • Mr. Joaquin A. Castrillo-Salgado, Exec. VP & CFO (Age 36)

What is Evertec's stock symbol?

Evertec trades on the New York Stock Exchange (NYSE) under the ticker symbol "EVTC."

Who are Evertec's major shareholders?

Evertec's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.17%), Bank of New York Mellon Corp (1.67%), North Star Asset Management Inc. (1.05%), Robeco Institutional Asset Management B.V. (0.90%), Man Group plc (0.87%) and Bank of Montreal Can (0.84%). Company insiders that own Evertec stock include Carlos J Ramirez, Diana I Rivera-Ramirez, Frank G D'angelo, Luis A Rodriguez-Gonzalez, Miguel Vizcarrondo, Morgan M Schuessler, Philip E Steurer and Tere Loubriel.
View institutional ownership trends for Evertec
.

Which institutional investors are selling Evertec stock?

EVTC stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Prudential Financial Inc., Man Group plc, Nuveen Asset Management LLC, WINTON GROUP Ltd, Charles Schwab Investment Management Inc., Federated Hermes Inc., and Spark Investment Management LLC. Company insiders that have sold Evertec company stock in the last year include Luis A Rodriguez-Gonzalez, and Morgan M Schuessler.
View insider buying and selling activity for Evertec
.

Which institutional investors are buying Evertec stock?

EVTC stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Bessemer Group Inc., Nordea Investment Management AB, X Square Capital LLC, Teacher Retirement System of Texas, Marshall Wace LLP, Cubist Systematic Strategies LLC, and Bank of New York Mellon Corp.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Evertec's stock price today?

One share of EVTC stock can currently be purchased for approximately $34.81.

How big of a company is Evertec?

Evertec has a market capitalization of $2.50 billion and generates $487.37 million in revenue each year. The business services provider earns $103.47 million in net income (profit) each year or $1.81 on an earnings per share basis. Evertec employs 2,300 workers across the globe.

What is Evertec's official website?

The official website for Evertec is www.evertecinc.com.

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]

This page was last updated on 9/20/2020 by MarketBeat.com Staff

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