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An announcement from Evertec ( (EVTC) ) is now available.
On August 29, 2025, Sinqia S.A., a Brazilian subsidiary of Evertec, identified unauthorized activity in its Pix real-time payment system, leading to a halt in transaction processing. The incident, involving approximately R$710 million in unauthorized transactions, was linked to exploited credentials of legitimate IT vendors. While some funds have been recovered, the Brazilian Central Bank has yet to approve the resumption of operations. The incident’s financial and reputational impacts are still uncertain, and the company is working to address potential liabilities and insurance coverage.
The most recent analyst rating on (EVTC) stock is a Buy with a $42.00 price target. To see the full list of analyst forecasts on Evertec stock, see the EVTC Stock Forecast page.
Spark’s Take on EVTC Stock
According to Spark, TipRanks’ AI Analyst, EVTC is a Outperform.
Evertec’s strong financial performance, positive technical indicators, and strategic corporate actions contribute to a solid stock score. The company’s robust revenue growth, efficient cash flow management, and strategic expansion in Latin America and Brazil are significant strengths. While the valuation is fair, the modest dividend yield is a minor drawback. Overall, Evertec presents a compelling investment opportunity with positive growth prospects.
To see Spark’s full report on EVTC stock, click here.
More about Evertec
Evertec, Inc. operates in the financial technology industry, providing a range of services including transaction processing and payment solutions. The company has a focus on the Latin American market, with a subsidiary, Sinqia S.A., operating in Brazil.
Average Trading Volume: 324,282
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.28B
Find detailed analytics on EVTC stock on TipRanks’ Stock Analysis page.