Evertec, Inc. (NYSE:EVTC) Given Consensus Recommendation of “Hold” by Analysts

Evertec, Inc. (NYSE:EVTC) has received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $35.00.

Several research analysts have recently weighed in on EVTC shares. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Raymond James Financial restated an “outperform” rating and issued a $34.00 price target on shares of Evertec in a research report on Thursday, May 7th. Morgan Stanley set a $34.00 price objective on shares of Evertec in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday.

Evertec Trading Down 0.9%

Shares of EVTC opened at $29.50 on Friday. The business’s 50-day moving average price is $29.54 and its 200 day moving average price is $27.87. The stock has a market capitalization of $1.76 billion, a P/E ratio of 19.16, a P/E/G ratio of 0.85 and a beta of 0.70. Evertec has a 1-year low of $21.81 and a 1-year high of $36.52. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89.

Evertec (NYSE:EVTC) last posted its quarterly earnings data on Tuesday, August 4th. The business services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. Evertec had a net margin of 9.80% and a return on equity of 32.07%. The company had revenue of $274.82 million during the quarter, compared to analyst estimates of $262.24 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 19.7% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. Analysts expect that Evertec will post 3.53 earnings per share for the current year.

Evertec Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 3rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, August 3rd. Evertec’s dividend payout ratio (DPR) is 12.99%.

Insider Activity

In related news, EVP Paola Perez-Surillo sold 17,486 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.56, for a total transaction of $551,858.16. Following the transaction, the executive vice president directly owned 46,421 shares of the company’s stock, valued at approximately $1,465,046.76. The trade was a 27.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian John Smith acquired 16,202 shares of Evertec stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average cost of $26.42 per share, with a total value of $428,056.84. Following the completion of the purchase, the director owned 88,222 shares in the company, valued at approximately $2,330,825.24. This represents a 22.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Evertec

A number of large investors have recently made changes to their positions in the business. Corient Private Wealth LP lifted its position in shares of Evertec by 41.3% in the second quarter. Corient Private Wealth LP now owns 54,551 shares of the business services provider’s stock worth $1,515,000 after purchasing an additional 15,956 shares in the last quarter. Amundi grew its position in Evertec by 371.4% during the second quarter. Amundi now owns 70,055 shares of the business services provider’s stock valued at $1,946,000 after purchasing an additional 55,195 shares in the last quarter. California State Teachers Retirement System increased its stake in Evertec by 3,417.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,061,971 shares of the business services provider’s stock valued at $57,282,000 after buying an additional 2,003,344 shares during the period. Nykredit A S purchased a new stake in Evertec in the 2nd quarter worth approximately $112,000. Finally, Lone Peak Global Investors LLC lifted its position in Evertec by 5.9% in the 2nd quarter. Lone Peak Global Investors LLC now owns 584,685 shares of the business services provider’s stock worth $16,243,000 after buying an additional 32,764 shares in the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

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.