EVERTEC, Inc. (NYSE:EVTC) is one of the oversold software stocks to buy according to Wall Street analysts.
On May 6, EVERTEC, Inc. (NYSE:EVTC) reported Q1 2026 results, with total revenue rising 8% year over year to $247.9 million and exceeding consensus estimates by 3.47%
Mac Schuessler, President and CEO of the company, said that the revenue growth came on the back of organic growth across most of the company’s business segments and the full-quarter revenue contribution from Tecnobank. EVERTEC acquired Tecnobank in October last year. Schuessler added that Latin America posted standout numbers, with segment revenue surging 32% year over year on a reported basis to $110.3 million.
This jump was helped by Tecnobank, a reacceleration in Brazil, and a $6.8 million foreign exchange tailwind from the appreciation of the Brazilian real. However, this growth was partially offset by the Business Solutions segment, whose revenue fell 9% to $59.5 million. The reason for this decline, according to Karla Cruz-Jusino, the CFO, was a 10% price discount that EVERTEC had agreed to give to Popular, Inc., its largest client.