Brokerages Set Evertec, Inc. (NYSE:EVTC) Price Target at $35.80

Evertec, Inc. (NYSE:EVTC) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.80.

EVTC has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Zacks Research downgraded shares of Evertec from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Evertec in a research report on Monday, December 29th.

Institutional Trading of Evertec

A number of institutional investors and hedge funds have recently made changes to their positions in EVTC. Royal Bank of Canada lifted its position in shares of Evertec by 10.2% during the 1st quarter. Royal Bank of Canada now owns 37,786 shares of the business services provider’s stock valued at $1,389,000 after buying an additional 3,495 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Evertec in the 1st quarter worth $248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Evertec by 3.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,915 shares of the business services provider’s stock worth $1,394,000 after acquiring an additional 1,222 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Evertec by 1.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,721 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 846 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Evertec by 184.6% during the first quarter. Jane Street Group LLC now owns 133,714 shares of the business services provider’s stock valued at $4,917,000 after purchasing an additional 86,733 shares in the last quarter. 96.80% of the stock is currently owned by hedge funds and other institutional investors.

Evertec Trading Up 1.3%

Evertec stock opened at $28.24 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.69. Evertec has a 12 month low of $24.95 and a 12 month high of $38.56. The stock’s 50 day simple moving average is $28.14 and its two-hundred day simple moving average is $29.64. The firm has a market cap of $1.74 billion, a PE ratio of 12.90, a P/E/G ratio of 1.06 and a beta of 0.85.

Evertec (NYSE:EVTC) last posted its earnings results on Thursday, February 26th. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The firm had revenue of $244.83 million during the quarter, compared to analyst estimates of $236.83 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Analysts anticipate that Evertec will post 2.63 earnings per share for the current year.

Evertec Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s dividend payout ratio is currently 9.13%.

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.