Evertec stock: buy or sell?

EVTC stock price: $31.19 -1.89% At close on October 18th, 2019

Updated on:
October 18th, 2019

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Shares of Evertec dropped an awful -1.89% and closed at $31.19.

EVERTEC, Inc. and its subsidiaries engage in transaction processing business serving financial institutions, merchants, corporations, and government agencies in Latin America and the Caribbean.

Should I buy Evertec stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Evertec stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean EVTC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Evertec stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we found 1 rating published for EVTC stock in the last month.

Is EVTC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-28Susquehanna BancsharesPositivePositive

Evertec stock analysis

Daily outlook

Shares of Evertec dropped an awful -1.89% and closed at $31.19.

Evertec shares dropped -1.89% to $31.19 on Oct 18th. On October 3rd EVTC price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On August, EVTC hit new all time highs, pushing higher previous ATH of $33.40 recorded on July. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

EVTC stock chart (daily)

Weekly outlook

Evertec shares decreased -1.23% this week, ending at $31.19. Early September EVTC collapsed a dreadful -7.19% in just one week.

EVTC shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $29.91 late September. Previous top ($37.33) will play as a resistance in possible new gains. Not so far away is the last all-time high Evertec marked late July, but since then it dropped a 16.45%. Late May EVTC price bounced up over the SMA of 20 weeks that acted as support stopping new slides.

EVTC stock chart (weekly)

Evertec stock price history

Evertec stock went public on April 12th, 2013 with a price of $19.731. Since then, EVTC stock surged a 58.10%, with an average of 9.70% per year. If you had invested $1,000 in Evertec stock in 2013, it would worth $581.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Evertec stock historical price chart

EVTC stock reached all-time highs on August with a price of $37.33.

Evertec stock price target is $36.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' EVTC stock price predictions in the hope that they will be met as they may be wrong and not met. Currently, only 1 price forecast for Evertec stock was published in the last 30 days:
EVTC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-28Susquehanna BancsharesInitiatesn/a$36.00-
(in average)$0.00$36.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

Evertec presented nice results for 2018-Q4 on February. Evertec raised Earnings per Share (EPS) by 7.50%, beating experts estimates of $0.40. Evertec posted $0.43.
EVTC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.27n/a
2017-Q32017-11-070.360.33-8.3%
2017-Q42018-02-210.210.2414.3%
2018-Q12018-05-010.290.4762.1%
2018-Q22018-07-310.40.425.0%
2018-Q32018-10-300.370.4213.5%
2018-Q42019-02-200.40.437.5%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Evertec annual turnover rocketed an impressive 11.48% to $453.87 M dollars from $407.14 marked in 2017. Nevertheless, its income margin (compared to sales) soared to 19.01%, that is $86.27 million.

EVTC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$357 M-$-24.62 M-6.9%-
2014$361 M1.09%$68 M18.7%-374.30%
2015$374 M3.43%$85 M22.9%26.42%
2016$390 M4.28%$75 M19.3%-12.11%
2017$407 M4.53%$55 M13.5%-26.63%
2018$454 M11.48%$86 M19.0%56.70%

Quarterly financial results

Evertec posted $118.23 M in revenues for 2018-Q4, a 5.55% up compared to previous quarter. Reported quarter income marked $20.20 million with a profit margin of 17.08%. Profit margin slightly fell a -3.45% compared to previous quarter when profit margin was 20.53%. When comparing sales to same quarter last year, Evertec sales marked an amazing increase and climbed a 18.67%.
EVTC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$104 M-$20 M19.4%-
2017-Q3$103 M-0.76%$6 M5.9%-69.63%
2017-Q4$100 M-3.01%$6 M5.9%-4.39%
2018-Q1$110 M10.69%$23 M20.9%294.62%
2018-Q2$113 M2.79%$20 M17.7%-12.90%
2018-Q3$112 M-1.17%$23 M20.5%14.69%
2018-Q4$118 M5.55%$20 M17.1%-12.17%
2019-Q1$119 M0.51%$27 M22.4%31.91%

Evertec ownership

When you are planning to buy a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Evertec, 16.84% of all outstanding shares are owned by its staff.

Bearish positions for EVTC stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Evertec:

EVTCEEFTFISFISVGPN
Market cap$2.2 B$7.9 B$78.7 B$71.8 B$48.0 B
Total shares71.9 M54.5 M613.4 M679.7 M300.1 M
Float shares69.6 M52.3 M610.5 M327.7 M155.6 M
  - Institutional holdings (%)85.8%104.4%92.3%91.1%102.0%
  - Insider holdings (%)16.8%4.2%0.6%0.3%0.7%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Evertec summary

Friday, October 18th, 2019
Open$31.55
Close$31.19
Day range$30.73 - $31.75
Previous close$31.79
Session gain-1.89%
Average true range$0.74
50d mov avg$33.17
100d mov avg$32.39
200d mov avg$30.46
Daily pattern
Weekly pattern lb03a

Evertec performance

To better understand Evertec performance you must compare its gains with other related stocks in same sector or industry. For Evertec, the benchmark is made against Euronet Worldwide, Fidelity National Information Services, Fiserv, Global Payments, Mastercard and Visa.
Stock3m6m12m
EVTCEvertec-3.47%4.81%25.97%
EEFTEuronet Worldwide-11.72%-1.13%25.77%
FISFidelity National...-0.82%16.38%25.16%
FISVFiserv10.78%24.23%34.56%
GPNGlobal Payments-2.79%14.67%37.49%
MAMastercard-1.69%12.62%34.02%
VVisa-1.83%10.04%26.26%

Evertec competitors

One check before trading any stock is to review a list of its competitors, in this case for Evertec. We selected 6 companies as Evertec competitors as they are in the same industry or have similar market objectives.