NYSE:EVTC EVERTEC (EVTC) Stock Forecast, Price & News $34.36 +0.13 (+0.38%) (As of 11:50 AM ET) Add Compare Share Share Today's Range$33.98▼$34.6250-Day Range$31.72▼$36.4352-Week Range$30.17▼$40.29Volume98,823 shsAverage Volume304,194 shsMarket Capitalization$2.24 billionP/E Ratio10.02Dividend Yield0.58%Price Target$36.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media EVERTEC MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside6.9% Upside$36.75 Price TargetShort InterestHealthy1.33% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.09Based on 6 Articles This WeekInsider TradingSelling Shares$3.41 M Sold Last QuarterProj. Earnings Growth7.92%From $2.40 to $2.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.28 out of 5 starsBusiness Services Sector139th out of 347 stocksData Processing & Preparation Industry21st out of 68 stocks 1.0 Analyst's Opinion Consensus RatingEVERTEC has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.75, EVERTEC has a forecasted upside of 6.9% from its current price of $34.38.Amount of Analyst CoverageEVERTEC has received no research coverage in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.33% of the float of EVERTEC has been sold short.Short Interest Ratio / Days to CoverEVERTEC has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in EVERTEC has recently decreased by 5.34%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldEVERTEC has a dividend yield of 0.58%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEVERTEC does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of EVERTEC is 5.83%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, EVERTEC will have a dividend payout ratio of 7.72% next year. This indicates that EVERTEC will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EVTC. Previous Next 3.4 News and Social Media Coverage News SentimentEVERTEC has a news sentiment score of 1.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 6 news articles for EVERTEC this week, compared to 2 articles on an average week.Search Interest9 people have searched for EVTC on MarketBeat in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, EVERTEC insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,409,682.00 in company stock.Percentage Held by InsidersOnly 0.44% of the stock of EVERTEC is held by insiders.Percentage Held by Institutions97.74% of the stock of EVERTEC is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for EVERTEC are expected to grow by 7.92% in the coming year, from $2.40 to $2.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of EVERTEC is 10.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.60.Price to Earnings Ratio vs. SectorThe P/E ratio of EVERTEC is 10.02, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 264.14.Price to Book Value per Share RatioEVERTEC has a P/B Ratio of 4.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About EVERTEC (NYSE:EVTC) StockEVERTEC, Inc. engages in the provision of transaction services. It operates through the following segments: Payment Services-Puerto Rico and Caribbean, Payment Services-Latin America, Merchant Acquiring, Business Solutions, and Corporate and Other. The Payment Services segment is involved in the authorization, processing, management and recording of automated teller machines (ATM) and point of sales transactions, and ATM management and monitoring. The Merchant Acquiring segment offers services to merchants of all sizes, enabling them to accept all types of electronic payments. The Business Solutions segment consists of bank processing, network hosting and management, information technology professional services, business process outsourcing, item processing, cash processing, and fulfillment. The Corporate and Other represents corporate overhead, certain leveraged activities, other non-operating expenses, and intersegment eliminations. The company was founded in 1998 and is headquartered in San Juan, Puerto Rico.Read More Receive EVTC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EVERTEC and its competitors with MarketBeat's FREE daily newsletter. Email Address EVTC Stock News HeadlinesMay 26, 2023 | americanbankingnews.comEVERTEC, Inc. (NYSE:EVTC) CFO Sells $542,700.00 in StockMay 18, 2023 | americanbankingnews.comEVERTEC (NYSE:EVTC) Now Covered by StockNews.comMay 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.May 17, 2023 | americanbankingnews.comEVERTEC, Inc. (NYSE:EVTC) EVP Luis A. Rodriguez-Gonzalez Sells 6,589 SharesMay 14, 2023 | americanbankingnews.comEVERTEC, Inc. (NYSE:EVTC) Short Interest UpdateMay 4, 2023 | americanbankingnews.comInsider Selling: EVERTEC, Inc. (NYSE:EVTC) CEO Sells $121,847.77 in StockMay 3, 2023 | americanbankingnews.comMorgan M. Schuessler Sells 29,578 Shares of EVERTEC, Inc. (NYSE:EVTC) StockApril 30, 2023 | americanbankingnews.comFinancial Comparison: EVERTEC (NYSE:EVTC) and E2open Parent (NYSE:ETWO)May 31, 2023 | Edge On The Street (Ad)146 Pounds of Graphite Needed for Each EVGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.April 29, 2023 | americanbankingnews.comEVERTEC (NYSE:EVTC) Trading Up 6.9%April 28, 2023 | americanbankingnews.comEVERTEC (NYSE:EVTC) Updates FY 2023 Earnings GuidanceApril 27, 2023 | finance.yahoo.comEvertec (EVTC) Q1 Earnings: Taking a Look at Key Metrics Versus EstimatesApril 26, 2023 | finance.yahoo.comEVERTEC Reports First Quarter 2023 ResultsApril 26, 2023 | finance.yahoo.comEvertec (EVTC) Surpasses Q1 Earnings and Revenue EstimatesApril 26, 2023 | americanbankingnews.comEVERTEC, Inc. (NYSE:EVTC) Declares Quarterly Dividend of $0.05April 25, 2023 | benzinga.com3EVTC : Earnings Preview: EvertecApril 25, 2023 | msn.comEarnings Preview: EvertecApril 25, 2023 | americanbankingnews.comEVERTEC (EVTC) Set to Announce Quarterly Earnings on WednesdayApril 22, 2023 | msn.comEvertec (EVTC) Declares $0.05 DividendApril 13, 2023 | finance.yahoo.comWe Ran A Stock Scan For Earnings Growth And EVERTEC (NYSE:EVTC) Passed With EaseApril 12, 2023 | tmcnet.comEVERTEC to Announce First Quarter 2023 Financial ResultsApril 12, 2023 | finance.yahoo.comEVERTEC to Announce First Quarter 2023 Financial Results on April 26, 2023March 25, 2023 | americanbankingnews.comEVERTEC, Inc. (NYSE:EVTC) EVP Sells $515,562.70 in StockMarch 16, 2023 | seekingalpha.comEvertec Faces Services Inflation And Emerging Market UncertaintiesMarch 14, 2023 | finance.yahoo.comEVERTEC Announces Appointment of Executive Vice President of Corporate DevelopmentMarch 1, 2023 | insidermonkey.comEVERTEC, Inc. (NYSE:EVTC) Q4 2022 Earnings Call TranscriptFebruary 25, 2023 | nasdaq.comEx-Dividend Reminder: Evertec, UGI and Estee LauderSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive EVTC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for EVERTEC and its competitors with MarketBeat's FREE daily newsletter. Email Address EVTC Company Calendar Ex-Dividend for 3/17 Dividend2/27/2023Dividend Payable3/17/2023Last Earnings4/26/2023Ex-Dividend for 6/2 Dividend4/28/2023Today5/31/2023Dividend Payable6/02/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Data processing & preparation Sub-IndustryN/A SectorBusiness Services Current SymbolNYSE:EVTC CUSIPN/A CIK1559865 Webwww.evertecinc.com Phone(787) 759-9999Fax787-250-7356Employees2,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$36.75 High Stock Price Forecast$43.00 Low Stock Price Forecast$29.00 Forecasted Upside/Downside+7.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$3.43 Trailing P/E Ratio9.98 Forward P/E Ratio14.26 P/E GrowthN/ANet Income$239.01 million Net Margins36.65% Pretax Margin40.72% Return on Equity29.70% Return on Assets12.73% Debt Debt-to-Equity Ratio0.75 Current Ratio2.01 Quick Ratio2.01 Sales & Book Value Annual Sales$618.41 million Price / Sales3.60 Cash Flow$3.62 per share Price / Cash Flow9.46 Book Value$7.28 per share Price / Book4.70Miscellaneous Outstanding Shares65,080,000Free Float64,794,000Market Cap$2.23 billion OptionableOptionable Beta0.97 Key ExecutivesMorgan M. SchuesslerPresident, Chief Executive Officer & DirectorDiego VigliancoChief Operating Officer & Executive Vice PresidentJoaquín A. Castrillo SalgadoChief Financial Officer, Treasurer & Executive VPMiguel VizcarrondoChief Product, Innovation Officer & EVPPhilip E. SteurerChief Strategy Officer & Senior Vice PresidentKey CompetitorsLiveRampNYSE:RAMPMarathon DigitalNASDAQ:MARASterling CheckNASDAQ:STERTELUS International (Cda)NYSE:TIXTPagSeguro DigitalNYSE:PAGSView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 794 shares on 5/26/2023Ownership: 0.014%Royce & Associates LPBought 4,200 shares on 5/23/2023Ownership: 0.065%Ameriprise Financial Inc.Sold 65,085 shares on 5/22/2023Ownership: 0.949%Joaquin A Castrillo-SalgadoSold 15,000 sharesTotal: $542,700.00 ($36.18/share)JPMorgan Chase & Co.Bought 14,475 shares on 5/18/2023Ownership: 0.437%View All Insider TransactionsView All Institutional Transactions EVTC Stock - Frequently Asked Questions Should I buy or sell EVERTEC stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for EVERTEC in the last year. 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. View EVTC analyst ratings or view top-rated stocks. What is EVERTEC's stock price forecast for 2023? 2 equities research 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 anticipate the company's stock price to reach $36.75 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price. View analysts price targets for EVTC or view top-rated stocks among Wall Street analysts. How have EVTC shares performed in 2023? EVERTEC's stock was trading at $32.38 at the start of the year. Since then, EVTC shares have increased by 5.7% and is now trading at $34.23. View the best growth stocks for 2023 here. Are investors shorting EVERTEC? 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 daily trading volume, of 303,500 shares, the days-to-cover ratio is currently 2.8 days. Currently, 1.3% of the shares of the company are sold short. View EVERTEC's Short Interest. When is EVERTEC's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our EVTC earnings forecast. How were EVERTEC's earnings last quarter? EVERTEC, Inc. (NYSE:EVTC) issued 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 had revenue of $159.81 million for the quarter, compared to analysts' expectations of $152.17 million. EVERTEC had a trailing twelve-month return on equity of 29.70% and a net margin of 36.65%. How often does EVERTEC pay dividends? What is the dividend yield for EVERTEC? EVERTEC declared a quarterly dividend on Thursday, April 20th. Investors of record on Monday, May 1st will be given a dividend of $0.05 per share on Friday, June 2nd. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, April 28th. Read our dividend analysis for EVTC. What ETFs hold EVERTEC's stock? 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). Is EVERTEC a good dividend stock? 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. What guidance has EVERTEC issued on next quarter's earnings? EVERTEC updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $2.59-$2.68 for the period, compared to the consensus EPS 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. What is Mac Schuessler's approval rating as EVERTEC's CEO? 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. What other stocks do shareholders of EVERTEC own? 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). 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 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. View institutional ownership trends. How do I buy shares of EVERTEC? 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. Compare Top Brokerages Here. What is EVERTEC's stock price today? One share of EVTC stock can currently be purchased for approximately $34.23. How much money does EVERTEC make? EVERTEC (NYSE:EVTC) has a market capitalization of $2.23 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 $3.43 on an earnings per share basis. How many employees does EVERTEC have? The company employs 2,700 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 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. This page (NYSE:EVTC) was last updated on 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding EVERTEC, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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