Evertec, Inc. (NYSE:EVTC) Receives $35.80 Consensus Target Price from Analysts

Shares of Evertec, Inc. (NYSE:EVTC) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $35.80.

Several brokerages have recently commented on EVTC. Zacks Research cut shares of Evertec from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen raised shares of Evertec from a “hold” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a report on Friday, March 27th.

Evertec Stock Up 1.1%

Evertec stock opened at $31.02 on Friday. The stock has a market cap of $1.91 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.16 and a beta of 0.84. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.69. Evertec has a twelve month low of $24.95 and a twelve month high of $38.56. The company’s 50-day moving average price is $28.07 and its two-hundred day moving average price is $28.98.

Evertec (NYSE:EVTC) last released its quarterly earnings results on Tuesday, March 3rd. The business services provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.02. The firm had revenue of $244.83 million for the quarter, compared to analysts’ expectations of $236.83 million. Evertec had a net margin of 15.19% and a return on equity of 33.27%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. As a group, analysts expect that Evertec will post 3.4 EPS for the current year.

Evertec Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.6%. Evertec’s dividend payout ratio (DPR) is currently 9.13%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. American Century Companies Inc. increased its stake 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 valued at $165,320,000 after acquiring an additional 335,639 shares during the last quarter. Dana Investment Advisors Inc. bought a new position in Evertec in the third quarter valued at approximately $2,782,000. Thrivent Financial for Lutherans bought a new position in Evertec in the third quarter valued at approximately $1,559,000. SG Americas Securities LLC increased its stake in Evertec by 443.9% in the fourth quarter. SG Americas Securities LLC now owns 42,505 shares of the business services provider’s stock valued at $1,236,000 after acquiring an additional 34,690 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in Evertec in the third quarter valued at approximately $1,419,000. 96.80% of the stock is owned by institutional investors.

Evertec Company Profile

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.