Evertec Inc (EVTC) Stock AnalysisEVTCStock AnalysisEvertec Inc

EVERTEC, Inc. is a transaction processing company. The Company provides a range of merchant acquiring, payment processing and business process management services. The Company operates through three segments: Merchant Acquiring, Payment Processing and Business Solutions. As of December 31, 2016, it managed a system of electronic payment networks that processed over two billion transactions annually. It offers a range of services for core bank processing, cash processing and technology outsourcing. It owns and operates the ATH network, which is a personal identification number (PIN) debit network in Latin America. It serves a range of financial institutions, merchants, corporations and government agencies with solutions that enable them to issue, process and accept transactions securely. The Company's range of services spans the entire transaction processing value chain and includes a range of front-end customer-facing solutions. It operates in the Industrials sector (SERVICES-COMPUTER PROCESSING & DATA PREPARATION industry).

Evertec Inc is a good buy right now due to its recent strong earnings report, with Q2 revenue of $274.8 million exceeding expectations by 4.6% and a year-over-year growth of 19.7%. Additionally, the forward P/E ratio of 14.88 suggests the stock is undervalued compared to its growth potential. The main risk is the recent insider selling trend, with hedge funds increasing their selling by 341.03% over the last quarter, indicating potential concerns about the stock's short-term performance.

7 analysts cover EVTC: 2 rate it Buy, 5 Hold and 0 Sell. The average price target is 32.75.