Evertec (NYSE:EVTC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Evertec, Inc. (NYSE:EVTC) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.67 and traded as low as $25.80. Evertec shares last traded at $27.3970, with a volume of 1,382,274 shares changing hands.

Analyst Upgrades and Downgrades

EVTC has been the topic of a number of research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $34.00 price target on shares of Evertec in a report on Thursday, May 7th. Wall Street Zen downgraded Evertec from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Evertec from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley lowered their target price on Evertec from $29.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.20.

Evertec Trading Up 4.3%

The company has a debt-to-equity ratio of 1.56, a current ratio of 1.97 and a quick ratio of 1.97. The company has a fifty day moving average of $25.99 and a 200-day moving average of $27.67. The firm has a market capitalization of $1.69 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.89 and a beta of 0.74.

Evertec (NYSE:EVTC) last issued its earnings results on Wednesday, May 6th. The business services provider reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.01). Evertec had a net margin of 13.95% and a return on equity of 31.40%. The firm had revenue of $247.92 million during the quarter, compared to analysts’ expectations of $248.99 million. During the same quarter last year, the firm earned $0.87 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. Evertec has set its FY 2026 guidance at 3.860-3.980 EPS. On average, sell-side analysts anticipate that Evertec, Inc. will post 3.34 earnings per share for the current fiscal year.

Evertec Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Monday, May 11th were issued a $0.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.7%. Evertec’s dividend payout ratio is currently 9.66%.

Insider Buying and Selling

In other Evertec news, Director Brian John Smith acquired 16,202 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $26.42 per share, with a total value of $428,056.84. Following the completion of the transaction, the director owned 88,222 shares in the company, valued at $2,330,825.24. The trade was a 22.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Joaquin A. Castrillo-Salgado bought 20,000 shares of Evertec stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $22.74 per share, with a total value of $454,800.00. Following the completion of the purchase, the chief operating officer directly owned 143,987 shares of the company’s stock, valued at approximately $3,274,264.38. The trade was a 16.13% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 53,202 shares of company stock worth $1,292,557. Insiders own 1.13% of the company’s stock.

Hedge Funds Weigh In On Evertec

Several hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Evertec during the fourth quarter valued at about $31,000. Hantz Financial Services Inc. boosted its stake in shares of Evertec by 189.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,072 shares of the business services provider’s stock worth $31,000 after acquiring an additional 702 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of Evertec by 194.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,240 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 819 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in shares of Evertec by 73.7% during the 4th quarter. Richardson Financial Services Inc. now owns 1,325 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 562 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Evertec by 53.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,471 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 510 shares during the last quarter. 96.80% of the stock is owned by institutional investors and hedge funds.

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.