Evertec (NYSE:EVTC) Stock Rating Upgraded by Wall Street Zen

Evertec (NYSE:EVTC) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley set a $34.00 price target on shares of Evertec in a report on Thursday. Raymond James Financial reiterated an “outperform” rating and issued a $34.00 price objective on shares of Evertec in a research note on Thursday, May 7th. Finally, Weiss Ratings raised Evertec from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Evertec Price Performance

Shares of Evertec stock opened at $29.87 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 1.89. The firm has a fifty day simple moving average of $28.02 and a 200-day simple moving average of $27.77. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.01 and a beta of 0.70. Evertec has a 1-year low of $21.81 and a 1-year high of $37.71.

Evertec (NYSE:EVTC) last posted its earnings results on Tuesday, August 4th. The business services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $274.82 million for the quarter, compared to analyst estimates of $262.24 million. Evertec had a net margin of 9.80% and a return on equity of 32.07%. Evertec’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $0.89 EPS. Evertec has set its FY 2026 guidance at 3.940-4.040 EPS. On average, sell-side analysts expect that Evertec will post 3.34 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Brian John Smith bought 16,202 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was purchased at an average cost of $26.42 per share, for a total transaction of $428,056.84. Following the purchase, the director directly owned 88,222 shares in the company, valued at $2,330,825.24. This trade represents a 22.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.13% of the stock is currently owned by insiders.

Institutional Trading of Evertec

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lido Advisors LLC lifted its position in shares of Evertec by 4.3% in the 3rd quarter. Lido Advisors LLC now owns 8,746 shares of the business services provider’s stock worth $295,000 after acquiring an additional 363 shares during the period. State of Alaska Department of Revenue increased its position in shares of Evertec by 1.1% during the fourth quarter. State of Alaska Department of Revenue now owns 35,161 shares of the business services provider’s stock valued at $1,022,000 after purchasing an additional 384 shares during the period. ProShare Advisors LLC increased its position in shares of Evertec by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 12,510 shares of the business services provider’s stock valued at $364,000 after purchasing an additional 391 shares during the period. California State Teachers Retirement System raised its stake in shares of Evertec by 0.7% in the second quarter. California State Teachers Retirement System now owns 59,159 shares of the business services provider’s stock valued at $2,133,000 after purchasing an additional 417 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Evertec by 3.6% in the fourth quarter. Cetera Investment Advisers now owns 12,313 shares of the business services provider’s stock valued at $358,000 after purchasing an additional 433 shares in the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

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.