Evertec (NYSE:EVTC) Shares Cross Above 50 Day Moving Average – Should You Sell?

Evertec, Inc. (NYSE:EVTC) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $28.24 and traded as high as $29.23. Evertec shares last traded at $28.9370, with a volume of 644,290 shares.

Wall Street Analysts Forecast Growth

EVTC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Evertec in a research note on Monday, December 29th. Zacks Research downgraded Evertec from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Evertec from a “hold” rating to a “buy” rating in a research report on Saturday, February 28th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.80.

Evertec Stock Up 3.9%

The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.07 and a current ratio of 2.07. The stock’s 50 day simple moving average is $28.24 and its 200 day simple moving average is $29.70. The firm has a market cap of $1.79 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.06 and a beta of 0.85.

Evertec (NYSE:EVTC) last issued its quarterly earnings data on Thursday, February 26th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.02. The firm had revenue of $244.83 million during 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 last year, the company earned $0.87 earnings per share. Evertec has set its FY 2026 guidance at 3.840-3.960 EPS. Research analysts anticipate that Evertec, Inc. will post 2.63 EPS for the current year.

Evertec Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in Evertec by 7.4% in the 3rd quarter. American Century Companies Inc. now owns 4,894,013 shares of the business services provider’s stock valued at $165,320,000 after buying an additional 335,639 shares during the last quarter. Dana Investment Advisors Inc. purchased a new position in Evertec during the 3rd quarter worth $2,782,000. Thrivent Financial for Lutherans purchased a new position in Evertec during the 3rd quarter worth $1,559,000. Clifford Capital Partners LLC grew its stake in shares of Evertec by 3.0% in the 2nd quarter. Clifford Capital Partners LLC now owns 435,431 shares of the business services provider’s stock worth $15,697,000 after acquiring an additional 12,880 shares in the last quarter. Finally, F m Investments LLC grew its stake in shares of Evertec by 45.0% in the 2nd quarter. F m Investments LLC now owns 101,776 shares of the business services provider’s stock worth $3,669,000 after acquiring an additional 31,605 shares in the last quarter. Institutional investors own 96.80% of the company’s stock.

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.