|Bid||0.00 x 800|
|Ask||128.88 x 800|
|Day's Range||126.48 - 129.23|
|52 Week Range||75.58 - 130.62|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||39.42|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||0.52 (0.41%)|
|1y Target Est||114.31|
Having changed the payment processing game, Square (NASDAQ:SQ) is looking for new games to play. Remember, Square added banking services to processing, like loans and accounting services. This allowed it to grow with the tiny businesses that first got its processing dongle because it was simple and portable.Source: Via SquareSquare's success has forced rivals to respond with a wave of consolidation, most recently the $21.5 billion merger of Global Payments (NYSE:GPN) and Total System Services (NYSE:TSS).But while the processors are protecting their turf by surrounding their services with software, Square is branding new services to expand its reach.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bitcoin and CashOne of those is Bitcoin. Square recently hired a former Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) executive, Steve Lee, to run its Bitcoin platform and, needless to say, crypto enthusiasts are very excited.So is Square co-founder and CEO Jack Dorsey. He considers Bitcoin the native currency of the internet, and the internet to be bigger than any nation state. Thus, Bitcoin will become a global currency, he believes. * 5 Stocks to Buy for $20 or Less Dorsey is also down on cash and expects apps like his own Square Cash to replace it. Nomura Instinet says 2.2 million downloads of Square Cash were made in May, which was even more than Paypal's (NASDAQ:PYPL) Venmo.With Square Cash acting as a bank account and Bitcoin becoming a global currency, Square is aiming for the purchaser side of transactions, not just the merchant processing side. It's also hoping to get past its transaction processing rivals, jumping ahead of Visa (NYSE:V) with its own processing system. Analysts Love Square StockHype and growth let Square grow its own market cap despite a distinct lack of profits.Net losses have risen for four quarters, to $38 million in the March quarter, and it's expected to barely break even for the current quarter, which will be reported July 31. Still, the shares are up 29% so far in 2019, right in line with Visa, which has both earnings and a dividend.Hedge funds continue to pile into Square stock and almost half the analysts following Square have it on their buy lists.Growth has been spectacular, roughly 50% in 2018, and 45% year-over-year in the March quarter. Bears might note that the research budget, and other general expenses, are rising right along with revenue. But Jack Dorsey's reality distortion field keeps attracting investors. Between them Square and Twitter (NASDAQ:TWTR), the other publicly traded company he runs, have a market cap of about $59 billion. Where Next for SQ Stock?Square's latest move is to consolidate its offerings for specific verticals. Restaurants, for instance, can now get full integration between their table service and delivery apps like Postmates and DoorDash. This means all their money flows through one place, and one account. The product also connects with Square Payroll and Square Capital.What this illustrates is how Square, rather than being just a threat to processors, is increasingly a threat to banks. Square is using accounting to draw bank business from merchants, just as banks once used processing to draw businesses to them. It has changed the game.The risk in being everything to a business, of course, is what happens when Square goofs, as it did recently in e-mailing receipts to the wrong parties. So far, the market has been forgiving. The Bottom LineOur James Brumley has written that while the honeymoon with Square is over, the company seems prepared for a marriage. He expects Square to become profitable and less volatile.But some volatility can be expected with Dorsey, who is using Square to push his favorite issues, like the integration of immigrants, and seems less interested than ever in being the kind of buttoned-down CEO Wall Street expects.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in GPN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post As Square Stock Grows, It's Changing the Game appeared first on InvestorPlace.
Total System Services Inc NYSE:TSSView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for TSS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting TSS. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding TSS are favorable, with net inflows of $10.41 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.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.
A broad set of related trends is fueling M&A activity, include continuing growth in e-commerce and a global shift from cash to electronic payments.
Looking for stocks with high upside potential? Just follow the big players within the hedge fund industry. Why should you do so? Let’s take a brief look at what statistics have to say about hedge funds’ stock picking abilities to illustrate. The Standard and Poor’s 500 Index returned approximately 12.1% in 2019 (through May 30th). Conversely, hedge […]
San Francisco-based SpotOn Transact has big hiring plans after raising $40 million, especially in its rapidly growing services for restaurants. The latest financing round was led by Franklin Venture Partners, the venture capital arm of San Mateo-based Franklin Templeton and its parent Franklin Resources Inc. (NYSE: BEN). The financing included “significant participation” from Dragoneer Investment Group, which previously invested in Airbnb, Square (NYSE: SQ), Slack, ServiceNow (NYSE: NOW) and Uber (NYSE: UBER), among others.
Transactions are at the heart of what Global Payments Inc. (NYSE: GPN) does. “We do a lot of deals,” Sloan said during an interview on the Atlanta Business Chronicle’s BIZ television show. “Part of the reason we do a lot of deals is to add products, geographies, employee talent that we otherwise might not have if we didn’t do those things.” Global Payments provides financial technology, software and services that enable merchants to take various types of payments on a growing list of devices.
The $21.5 billion blockbuster deal makes it the third-largest in fintech history. Three of the four largest such deals have taken place this year. What's going on?
NEW YORK, NY / ACCESWIRE / June 7, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK, June 06, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
NEW YORK, June 06, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating Amber Road, Inc. (NYSE: AMBR), Total System Services, Inc. (NYSE:.
WILMINGTON, Del., June 06, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: El Paso Electric Company (NYSE: EE) regarding possible breaches of fiduciary.
NEW YORK, June 06, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating El Paso Electric Company (NYSE: EE), Total System Services, Inc..
TSYS today announced that its board of directors has approved a quarterly cash dividend of $0.13 per share on TSYS common stock, payable July 1, 2019, to TSYS shareholders of record as of the close of business on June 20, 2019.
NEW YORK, June 03, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Total System Services, Inc.
NEW YORK, NY / ACCESSWIRE / June 2, 2019 / Juan Monteverde , founder and managing partner at Monteverde& Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
WILMINGTON, Del., May 31, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Presidio Bank (OTC PINK: PDOB) regarding possible breaches of fiduciary duties.
NEW YORK, May 31, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
Guggenheim analyst Jeff Cantwell upgraded shares of Global Payments Inc. to buy from neutral on Thursday, following the company's announcement from earlier in the week that it would be acquiring Total System Services Inc. in an all-stock deal. "The bottom line is we believe this deal is a smart strategic decision by Global Payments," he wrote. "We've long had the view that TSYS' Issuer business is best-in-class, and we also have had a highly positive view of TSYS' Merchant Solutions business." Cantwell said that the deal could give the combined company a greater footprint in verticals like specialty retail. Global Payments shares are up 0.8% in Thursday morning trading, and they've gained 44% so far this year as the S&P 500 has risen 11%.
The Zacks Analyst Blog Highlights: Global Payments, Total System, LexinFintech, Intuit and PayPal
NEW YORK , May 29, 2019 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...