Evertec stock: buy or sell?
October 18th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
Evertec stock analysis
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.
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.
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 $36.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareEvertec 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|2013||$357 M||-||$-24.62 M-6.9%||-|
|2014||$361 M||1.09%||$68 M18.7%||-374.30%|
|2015||$374 M||3.43%||$85 M22.9%||26.42%|
|2016||$390 M||4.28%||$75 M19.3%||-12.11%|
|2017||$407 M||4.53%||$55 M13.5%||-26.63%|
|2018||$454 M||11.48%||$86 M19.0%||56.70%|
Quarterly financial resultsEvertec 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%.
|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 M||10.69%||$23 M20.9%||294.62%|
|2018-Q2||$113 M||2.79%||$20 M17.7%||-12.90%|
|2018-Q3||$112 M||-1.17%||$23 M20.5%||14.69%|
|2018-Q4||$118 M||5.55%||$20 M17.1%||-12.17%|
|2019-Q1||$119 M||0.51%||$27 M22.4%||31.91%|
Evertec ownershipWhen 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:
|Market cap||$2.2 B||$7.9 B||$78.7 B||$71.8 B||$48.0 B|
|Total shares||71.9 M||54.5 M||613.4 M||679.7 M||300.1 M|
|Float shares||69.6 M||52.3 M||610.5 M||327.7 M||155.6 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$30.73 - $31.75|
|Average true range||$0.74|
|50d mov avg||$33.17|
|100d mov avg||$32.39|
|200d mov avg||$30.46|
Evertec performanceTo 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.