|Bid||26.39 x 3200|
|Ask||0.00 x 2200|
|Day's Range||26.22 - 26.68|
|52 Week Range||15.52 - 27.15|
|Beta (3Y Monthly)||2.27|
|PE Ratio (TTM)||24.07|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.16|
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
Investment firm Grantham, Mayo, Van Otterloo & Co., which was co-founded by renowned investor Jeremy Grantham (Trades, Portfolio) in 1977, released its first-quarter portfolio earlier this week, listing 251 new positions. Warning! GuruFocus has detected 7 Warning Signs with CVNA.
First Data (FDC), a global leader in commerce-enabling technology and solutions, has been recognized as the #1 company for a third year in a row on the Military Times’ annual “Best for Vets: Employers” 2019 list. Military Times bases its annual rankings on veteran employee onboarding processes, company training, mentorship programs, Guard and Reserve member policies, and military spouse support. “It is an honor to receive the top ranking on Military Times annual ‘Best for Vets: Employers’ list for a third consecutive year,” said First Data’s Chairman and CEO Frank Bisignano.
Executives at the lender have only weeks left to tell First Data Corp. whether they want to wind down a decade-old joint venture scheduled to renew automatically in mid-2020, according to an April regulatory filing. The U.S. payments business is at a crossroads, with a new generation of ventures from Silicon Valley and China looking to muscle into an industry that collects $90 billion every year from merchants. “If I’m a large bank, I’m trying to figure out how can I strategically use my relationships with merchants to cross-sell them other services and also strengthen the stickiness of my relationship,” Harshita Rawat, an analyst at Sanford C. Bernstein, said in a telephone interview.
Shares of First Data Corp. slumped 3.6% in morning trade Thursday, after The Wall Street Journal reported that Bank of America Corp. was considering dissolving the payment-processing joint venture it has with the company. Citing people familiar with the matter, the WSJ report said BofA hasn't made a final decision on the future of the partnership, which expires in June 2020, but said leaving the decade-old JV would give the bank more control of its business that focuses on moving money for merchants. BofA's stock slipped 1.2% in morning trade. First Data's stock has rallied 45% year to date, while BofA shares have gained 19.4% and the Dow Jones Industrial Average has advanced 10.0%.
Six years after he served as interim CEO of an $11 billion, Fortune 500 firm, Ed Labry is leading a local tech startup toward growth and a new headquarters. "We're putting a device in literally anything that moves," Labry said. The company has about 25 employees in multiple locations, including Clark Tower.
First Data Corp NYSE:FDCView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for FDC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $2.86 billion over the last one-month into ETFs that hold FDC are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. FDC credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
During this year’s National Small Business Week, an annual celebration of entrepreneurship and innovation, First Data’s cloud-based payment platform Clover launched CloverAchievers – a program designed to recognize and award small businesses in the U.S. who embody the Clover ethos of striving to accomplish more than the status quo and punching above their weight. “As an entrepreneur myself, launching a business and watching it grow, I personally understand the daily challenges business owners face in running and growing their businesses,” said John Beatty, founder of Clover.
Square (NYSE:SQ) stock tanked in early May after the payments processor's first-quarter results beat analysts' expectations, but it delivered downbeat Q2 guidance. In the wake of the lackluster guidance, the Street's growth and competition concerns about SQ were reinvigorated. As a result, SQ stock dropped nearly 10%, falling to its lowest levels since January 2019.Source: Chris Harrison via Flickr (Modified)This selloff of SQ stock is overdone. Square is at the epicenter of a non-cyclical shift in the global economy from cash to cash-less payments. Within that shift, Square's presence and share are growing across multiple channels, including both the brick-and-mortar and e-commerce fronts. After comparing the company's current market share to its long term total available market, I think SQ has tremendous growth potential over the next several years. * 7 Energy Stocks to Buy to Light Up Your Portfolio Plus, the company has a created a suite of subscription and service businesses which should provide healthy growth catalysts over the next several years. Square is also digging into banking, a potential new growth market which could eventually be quite lucrative. On top of all that, SQ's profit margins are steadily rising.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, Square still is and will continue to grow rapidly, while SQ has tremendous long term potential.With SQ stock sitting below $70, that potential is being undervalued . As a result, the recent selloff of Square stock appears to provide investors with a chance to buy the shares of a winning company on weakness. The Bears on Square Stock Underestimate SQ's OpportunityAccording to those who are bearish on SQ stock, SQ has built a payments processing empire in the micro-merchant world. But that world is becoming saturated, and in order to continue to generate rapid growth, SQ is expanding by creating solutions for larger sellers. According to the bears, the problem is that these bigger sellers already have a suite of payment processing solutions, ranging from First Data (NYSE:FDC) to PayPal (NASDAQ:PYPL) to Shopify (NYSE:SHOP) to big banks.Thus, as SQ gets bigger, it's starting to rub elbows more frequently with the competition, and Square is having trouble with all this competition., the detractors of SQ stock say. That's why the company's growth is slowing and this slowdown will persist, causing the richly valued SQ stock to drop, they conclude.That thesis sounds pretty valid. When the company behind a hyper-growth, richly valued growth stock slows down, its shares usually fall. But the bears underestimate just how big the company's opportunity is, and how much room Square has to grow, despite its big competitors. SQ Stock Will Win Over the Long-TermThe value of global retail sales was about $24 trillion last year. Square's gross payment volume in 2018 was about $85 billion. Thus, SQ processed just 0.35% of all global retail sales last year.But that's up from 0.23% in 2016, and 0.29% in 2017. Thus, SQ is a small company whose share of the global retail market is rapidly increasing.That trend should persist. Square's non-cyclical tailwinds remain healthy, and consumers continue to use cash-less payments more frequently. Moreover, Square is finally making a big push into e-commerce with its Square Online Store. The company is also rapidly gaining share among large retailers. Further, the company has not yet tried very hard to penetrate the overseas and banking markets.Square's potent strategies should enable its market share to continue to grow, causing its revenue to rise quickly. Meanwhile, its margins are consistently trending higher, so its profit growth is and should remain robust.Given all of Square's positive catalysts, SQ stock should be bought on all major dips, as long as its valuation isn't excessive. The Valuation of SQ Stock Is AttractiveAt its current levels, the valuation of SQ stock is highly attractive for long-term investors.On a trailing price-sales basis, SQ stock is as cheap as it gets in the payments processing world. SQ's trailing sales multiple stands at eight, versus an 8.3 sales multiple for PayPal, and mid-teens sales multiples for Visa (NYSE:V) and Mastercard (NYSE:MA). Also, the valuation of SQ stock bottomed at roughly eight times sales in late 2018, so Square stock is trading just above a meaningful resistance level.Over the long-term, Square's annualized revenue growth should stay at roughly 25% over the next several years, assuming the company continues to gradually grow its share of the global retail marketplace. Adjusted EBITDA margins should ramp from the 18% expected this year towards an eventual peak of 30%.By 2025, I think Square's earnings per share can reach $4.50. All the other payment stocks trade at 30-plus forward price-earnings multiples. Based on a 30 forward multiple, a reasonable 2024 price target for Square stock is $135. Discounted back by 10% per year, that equates to a 2019 price target of over $80. The Bottom Line on SQ StockSQ stock has declined tremendously because of fears that its growth is slowing. But such fears are short-sighted, since its growth is only slowing gradually, and it still has enough long-term potential to support strong growth for the foreseeable future. Meanwhile, investors seem to be ignoring the fact that SQ's margins have been consistently trending upward.Ultimately, this combination of persistently high revenue growth and margin expansion will power SQ stock significantly higher from today's depressed levels.As of this writing, Luke Lango was long SQ, PYPL, and SHOP. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post Why Investors Should Buy Square Stock on Weakness appeared first on InvestorPlace.
Central to the cryptocurrency initiative — which is codenamed Project Libra and has been underway for more than a year — "is a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet."
BOHEMIA, N.Y., May 2, 2019 /PRNewswire/ -- Advanced Cyber Security (ACS), a leader in endpoint security, today announced an agreement with First Data (FDC), a global leader in commerce-enabling technology and solutions. Under the terms of the agreement, First Data will bundle ACS EndpointLock™ Keystroke Encryption software and ACS Dark Web Intel Scanning service, collectively referred to as CyberIDLock™, into their small and medium-sized business (SMB) PCI Security Solutions for its merchants, partners, and channels.
During an earnings call with analysts on Tuesday, Fiserv CEO and president Jeff Yabucki was asked his opinion on how the FIS/Worldpay deal is impacting the competitive landscape.
Fiserv Inc (NASDAQ: FISV ) reported higher-than-expected first-quarter results Tuesday, with healthy internal revenue growth. The investor focus is likely to remain on the merger with First Data Corporation ...
Fiserv (FISV) first-quarter 2019 earnings benefit from higher revenue growth, improved adjusted operating margin and to some extent from lower taxes.
On a per-share basis, the New York-based company said it had net income of 17 cents. Earnings, adjusted for one-time gains and costs, were 31 cents per share. The results met Wall Street expectations. ...
NEW YORK-- -- Q1 consolidated revenue of $2,316 million, up 1% Q1 total segment revenue of $2,117 million, up 2% as reported , or up 8% on an organic constant currency basis Q1 net income attributable to First Data diluted EPS of $0.17, up 64% Q1 adjusted diluted EPS of $0.31, up 6% Q1 total segment EBITDA of $754 million, up 3% as reported , or up 10% on an organic constant currency basis Q1 cash ...
First Data (FDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Data Corporation will release its first quarter 2019 financial results before the market opens on Tuesday, April 30, 2019. The release will be available at investor.firstdata.com.
The financial services industry is experiencing merger and acquisition activity at unprecedented rates, as new fintech companies disrupt from below and legacy players react to stay relevant.
First Data (FDC), a global leader in commerce-enabling technology and solutions, proudly announced that it received a perfect score of 100 on the 2019 Corporate Equality Index (CEI), the nation’s premier benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality, administered by the Human Rights Campaign (HRC) Foundation. First Data joins the ranks of over 560 major U.S. businesses that also earned top marks this year.