Evertec (NYSE:EVTC) Hits New 1-Year Low – Time to Sell?

Evertec, Inc. (NYSE:EVTC) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $21.81 and last traded at $21.92, with a volume of 108851 shares traded. The stock had previously closed at $22.74.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Evertec from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Morgan Stanley lowered their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 19th. Finally, Raymond James Financial reissued an “outperform” rating and set a $34.00 target price on shares of Evertec in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Evertec has a consensus rating of “Hold” and an average target price of $33.20.

Evertec Stock Performance

The firm’s fifty day moving average price is $26.89 and its 200 day moving average price is $28.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $1.35 billion, a PE ratio of 10.58, a PEG ratio of 0.77 and a beta of 0.74.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). The business had revenue of $247.92 million during the quarter, compared to the consensus estimate of $248.99 million. Evertec had a return on equity of 31.40% and a net margin of 13.95%.The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, research analysts anticipate that Evertec, Inc. will post 3.34 earnings per share for the current year.

Evertec Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 11th will be issued a $0.05 dividend. The ex-dividend date is Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. Evertec’s dividend payout ratio is currently 9.66%.

Insiders Place Their Bets

In other Evertec news, EVP Luis A. Rodriguez-Gonzalez acquired 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was purchased at an average cost of $24.10 per share, for a total transaction of $409,700.00. Following the completion of the acquisition, the executive vice president owned 80,907 shares of the company’s stock, valued at approximately $1,949,858.70. This trade represents a 26.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joaquin A. Castrillo-Salgado acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the acquisition, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at $3,274,264.38. This represents a 16.13% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.13% of the company’s stock.

Institutional Investors Weigh In On Evertec

A number of large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in Evertec by 7.4% in the third quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock worth $165,320,000 after purchasing an additional 335,639 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Evertec by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,381 shares of the business services provider’s stock worth $45,799,000 after purchasing an additional 61,591 shares in the last quarter. Millennium Management LLC boosted its holdings in Evertec by 23.7% in the fourth quarter. Millennium Management LLC now owns 848,588 shares of the business services provider’s stock worth $24,685,000 after purchasing an additional 162,307 shares in the last quarter. North Star Asset Management Inc. boosted its holdings in Evertec by 0.5% in the fourth quarter. North Star Asset Management Inc. now owns 808,974 shares of the business services provider’s stock worth $23,533,000 after purchasing an additional 3,858 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Evertec by 8.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 708,704 shares of the business services provider’s stock valued at $20,616,000 after acquiring an additional 53,323 shares during the period. 96.80% of the stock is currently owned by institutional investors.

About Evertec

Evertec, Inc (NYSE: EVTC) is a leading full‐service transaction processor in Puerto Rico, Latin America and the Caribbean. The company delivers integrated technology solutions for electronic payments, providing financial institutions, merchants and governments with secure and scalable platforms to accept, process and settle transactions across card, ATM, debit and digital channels. Headquartered in San Juan, Puerto Rico, Evertec supports both domestic and cross‐border payment flows, enabling clients to streamline operations and expand their digital commerce capabilities.

Evertec’s suite of services includes merchant acquiring, payment gateway connectivity, ATM and point‐of‐sale network management, and fraud prevention solutions.