blackdovfx
Summary
- Evertec has posted positive financial results so far this year, and the management team recently raised guidance for H2 23.
- The company is pursuing an ambitious growth strategy to diversify their geographic and product mix.
- Investor positioning looks positive, as Top 10 shareholders such as BlackRock have increased their stake.
Investment Thesis
Evertec (NYSE:EVTC) is pursuing an ambitious M&A growth strategy, recently purchasing payments and fintech companies in Brazil, in order to diversify their geographic and product offerings. At the same time, EVTC has released positive financial results in recent quarters, and the market consensus is for the momentum to continue, as the management team recently raised their guidance. Whilst the stock is up ~16% YTD, the expansionary strategy and financial results could possibly lead to a further increase in the stock price, as EVTC is currently undervalued relative to local peers.
READ FULL ARTICLE HERE!
