What Happened?
Shares of payment processing company EVERTEC (NYSE:EVTC) jumped 6.2% in the afternoon session after the stock's positive momentum continued as the company reported earnings results that topped analyst estimates. The business services provider posted earnings of $0.92 per share for the quarter, which was $0.03 better than the consensus forecast of $0.89. This positive surprise appeared to capture investor attention. The move higher came even as some analysts adjusted their outlooks. For instance, Keefe, Bruyette & Woods kept its "Outperform" rating but cut its price target on the stock to $40 from $44. Similarly, Deutsche Bank also lowered its price target to $30 from $35 while keeping a "Hold" rating.
Is now the time to buy EVERTEC? Access our full analysis report here.
What Is The Market Telling Us
EVERTEC’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
EVERTEC is down 16.9% since the beginning of the year, and at $28.67 per share, it is trading 25.3% below its 52-week high of $38.37 from May 2025. Investors who bought $1,000 worth of EVERTEC’s shares 5 years ago would now be looking at an investment worth $795.37.
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