EVTC Stock Summary and Trading Ideas (Evertec | NYSE:EVTC)

Evertec Inc is a transaction processing business in Latin America and the Caribbean. Its business segments are Merchant Acquiring, Payment Services - Puerto Rico & Caribbean, Latin America Payments and Solutions, and Business Solutions which derive maximum revenue. The company serves a diversified customer base of financial institutions, merchants, corporations, and government agencies with mission-critical technology solutions that enable them to issue, process, and accept transactions securely.

Evertec trades on the NYSE stock market under the symbol EVTC.

As of May 13, 2024, EVTC stock price declined to $37.25 with 86,343 million shares trading.

EVTC has a beta of 0.78, meaning it tends to be less sensitive to market movements. EVTC has a correlation of 0.14 to the broad based SPY ETF.

EVTC has a market cap of $2.45 billion. This is considered a Mid Cap stock.

Last quarter Evertec reported $205 million in Revenue and $.72 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.04.

In the last 3 years, EVTC stock traded as high as $51.06 and as low as $30.17.

The top ETF exchange traded funds that EVTC belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

EVTC has underperformed the market in the last year with a price return of +8.3% while the SPY ETF gained +27.7%. EVTC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.5% and -3.1%, respectively, while the SPY returned +4.1% and +2.4%, respectively.

EVTC support price is $36.75 and resistance is $37.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EVTC stock will trade within this expected range on the day.