EVERTEC, Inc. engages in transaction processing business in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Payment Services - Latin America; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. The company also offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers; and EBT services. In addition, it provides business process management solutions comprising core bank processing, network hosting and management, IT professional services, business process outsourcing, item and cash processing, and fulfillment solutions to financial institutions, and corporate and government customers. Further, the company owns and operates the ATH network, an automated teller machine and personal identification number debit networks. It manages a system of electronic payment networks that process approximately three billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. The company was formerly known as Carib Latam Holdings, Inc. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico.
IPO Year: 2013
Exchange: NYSE
Website: evertecinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/27/2025 | $28.00 → $30.00 | Negative → Neutral | Susquehanna |
| 11/21/2024 | $33.00 → $35.00 | Underweight → Equal-Weight | Morgan Stanley |
| 9/5/2024 | $38.00 → $28.00 | Neutral → Negative | Susquehanna |
| 2/25/2022 | $51.00 → $47.00 | Outperform | Raymond James |
| 1/24/2022 | $52.00 → $49.00 | Positive → Neutral | Susquehanna |
| 8/4/2021 | $35.00 → $36.00 | Underweight | Morgan Stanley |
| 8/4/2021 | $50.00 → $51.00 | Outperform | Raymond James |
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4 - EVERTEC, Inc. (0001559865) (Issuer)
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Raises full year outlook EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights and Recent Highlights Revenue increased 11% to $228.8 million, approximately 15% on a constant currency basis GAAP Net Income attributable to common shareholders increased 105% to $32.7 million, and increased 108% to $0.50 per diluted share Adjusted EBITDA increased 14% to $89.4 million and Adjusted earnings per common share increased 21% to $0.87 Raised Constant currency revenue and constant currency Adjusted earnings per common share outlook Mac Schuessler, President and Chief Executive Officer stated
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on May 2, 2025 to be paid on June 6, 2025 to stockholders of record as of May 13, 2025. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant acquirin
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, May 7, 2025 at 4:30 p.m. ET to review first quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with first quarter 2025 financial results will be issued shortly after the market closes on Wednesday, May 7, 2025. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be acc
Announces 2025 outlook Announces acquisition of Nubity EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights and Recent Highlights Revenue increased 11% to $216.4 million, approximately 14.5% on a constant currency basis GAAP Net Income attributable to common shareholders increased 249.0% to $40.1 million, and increased 264.7% to $0.62 per diluted share Adjusted EBITDA increased 24% to $88.6 million and Adjusted earnings per common share increased 40.3% to $0.87 Closed on acquisition of 100% of Nubity, Inc. ("Nubity") on November 19th Full Year 2024 High
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on February 20, 2025 to be paid on March 21, 2025 to stockholders of record as of March 3, 2025. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, February 26, 2025 at 4:30 p.m. ET to review fourth quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with fourth quarter 2024 financial results will be issued shortly after the market closes on Wednesday, February 26, 2025. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call
Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
Announces completion of accelerated share repurchase transaction EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue increased 27% to $212.0 million GAAP Net Income attributable to common shareholders increased 13% to $31.9 million and increased 14% to $0.49 per diluted share Adjusted EBITDA increased 16% to $86.1 million and Adjusted earnings per common share increased 17% to $0.83 Completed the outstanding accelerated share repurchase on July 9, 2024. Mac Schuessler, President and Chief Executive Officer stated, "Our second quarter results exceeded
Susquehanna upgraded EVERTEC from Negative to Neutral and set a new price target of $30.00 from $28.00 previously
Morgan Stanley upgraded EVERTEC from Underweight to Equal-Weight and set a new price target of $35.00 from $33.00 previously
Susquehanna downgraded EVERTEC from Neutral to Negative and set a new price target of $28.00 from $38.00 previously
Raymond James reiterated coverage of Evertec with a rating of Outperform and set a new price target of $47.00 from $51.00 previously
Susquehanna downgraded EVERTEC from Positive to Neutral and set a new price target of $49.00 from $52.00 previously
Morgan Stanley reiterated coverage of Evertec with a rating of Underweight and set a new price target of $36.00 from $35.00 previously
Raymond James reiterated coverage of Evertec with a rating of Outperform and set a new price target of $51.00 from $50.00 previously
Morgan Stanley reiterated coverage of Evertec with a rating of Underweight and set a new price target of $35.00 from $34.00 previously
Morgan Stanley resumed coverage of EVERTEC with a rating of Underweight and set a new price target of $34.00
Morgan Stanley downgraded EVERTEC from Equal-Weight to Underweight and set a new price target of $34.00
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Raises full year outlook EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights and Recent Highlights Revenue increased 11% to $228.8 million, approximately 15% on a constant currency basis GAAP Net Income attributable to common shareholders increased 105% to $32.7 million, and increased 108% to $0.50 per diluted share Adjusted EBITDA increased 14% to $89.4 million and Adjusted earnings per common share increased 21% to $0.87 Raised Constant currency revenue and constant currency Adjusted earnings per common share outlook Mac Schuessler, President and Chief Executive Officer stated
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on May 2, 2025 to be paid on June 6, 2025 to stockholders of record as of May 13, 2025. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant acquirin
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, May 7, 2025 at 4:30 p.m. ET to review first quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with first quarter 2025 financial results will be issued shortly after the market closes on Wednesday, May 7, 2025. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and can be acc
Announces 2025 outlook Announces acquisition of Nubity EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Highlights and Recent Highlights Revenue increased 11% to $216.4 million, approximately 14.5% on a constant currency basis GAAP Net Income attributable to common shareholders increased 249.0% to $40.1 million, and increased 264.7% to $0.62 per diluted share Adjusted EBITDA increased 24% to $88.6 million and Adjusted earnings per common share increased 40.3% to $0.87 Closed on acquisition of 100% of Nubity, Inc. ("Nubity") on November 19th Full Year 2024 High
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on February 20, 2025 to be paid on March 21, 2025 to stockholders of record as of March 3, 2025. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merchant
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, February 26, 2025 at 4:30 p.m. ET to review fourth quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with fourth quarter 2024 financial results will be issued shortly after the market closes on Wednesday, February 26, 2025. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call
Announces acquisition of Grandata EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Revenue increased 22% to $211.8 million GAAP Net Income attributable to common shareholders increased 146% to $24.7 million and increased 153% to $0.38 per diluted share Adjusted EBITDA increased 11% to $87.4 million and Adjusted earnings per common share increased 8% to $0.86 Share repurchases totaled $12.3 million. Closed on acquisition of 100% of Grandata Inc. ("Grandata") on October 30th Mac Schuessler, President and Chief Executive Officer stated, "We are pleased with our
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced that it will host a conference call and webcast on Wednesday, November 6, 2024 at 4:30 p.m. ET to review third quarter financial results. Participating on the call will be Mac Schuessler, President and Chief Executive Officer, and Joaquin Castrillo, Chief Financial Officer. A press release with third quarter 2024 financial results will be issued shortly after the market closes on Wednesday, November 6, 2024. The conference call can be accessed live over the phone by dialing (888) 338-7153 or for international callers by dialing (412) 317-5117. A replay will be available one hour after the end of the conference call and
EVERTEC, Inc. (NYSE:EVTC) ("EVERTEC" or the "Company") today announced that its Board of Directors (the "Board") declared a regular quarterly dividend of $0.05 per share on October 17, 2024 to be paid on December 6, 2024 to stockholders of record as of October 28, 2024. EVERTEC's Board anticipates declaring this dividend in future quarters on a regular basis; however, future declarations are subject to the Board's approval and may be adjusted as business needs or market conditions change. About Evertec EVERTEC, Inc. (NYSE:EVTC) is a leading full-service transaction processor and financial technology provider in Latin America, Puerto Rico and the Caribbean, providing a broad range of merc
Announces completion of accelerated share repurchase transaction EVERTEC, Inc. (NYSE:EVTC) ("Evertec", the "Company", "we" or "our") today announced results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights Revenue increased 27% to $212.0 million GAAP Net Income attributable to common shareholders increased 13% to $31.9 million and increased 14% to $0.49 per diluted share Adjusted EBITDA increased 16% to $86.1 million and Adjusted earnings per common share increased 17% to $0.83 Completed the outstanding accelerated share repurchase on July 9, 2024. Mac Schuessler, President and Chief Executive Officer stated, "Our second quarter results exceeded
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EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") announced today that the Company's Board of Directors (the "Board") appointed Ms. Virginia Gambale as an independent director of the Board, effective May 25, 2023. Ms. Gambale is the founder and Managing Partner of Azimuth Partners, a strategic advisory firm that develops growth, innovation and transformation strategies and planning for technology companies. Prior to founding Azimuth in 2003, she worked at Deutsche Bank, where she was a General Partner & Managing Director of ABS Ventures, responsible for the management of the Tech Venture group and head of Deutsche Bank Strategic Ventures. Before Deutsche Bank, Ms. Gambale was the Chi
EVERTEC, Inc. (NYSE:EVTC) ("Evertec" or the "Company") today announced the appointment of Alberto López Gaffney as Executive Vice President of Corporate Development, effective on March 20th. Mr. Lopez Gaffney will lead the Company's global corporate development efforts. Mac Schuessler, President, and Chief Executive Officer stated, "I am excited to welcome Alberto to Evertec. He brings over 25 years of financial and deal experience and is very knowledgeable in Latin America, having led multiple M&A transactions, and has been an integral part in managing numerous successful integrations. Alberto's skills, expertise and experience will complement our executive team and advance our growth str