Business Services

(IRM) More Acquisitions for Iron Mountain

In a bid to strengthen its storage business, Iron Mountain (IRM) recently acquired three record management companies from Information Storage Consolidation Company (“ISCC”) namely Safe Records Center, Archives USA and The...

1Jul2013 | | Comments Off on (IRM) More Acquisitions for Iron Mountain | Continued

(HPY) Heartland Payment Systems Enhances Buyback Program

In an effort to boost its shareholder value, the board of directors of Heartland Payment Systems (HPY), approved a new share buyback program. As per the authorization, the company will be able to repurchase up to $75 million worth...

6Jun2013 | | Comments Off on (HPY) Heartland Payment Systems Enhances Buyback Program | Continued

(MGI) MoneyGram Partners With Bosnian Bank

MoneyGram (MGI) entered into a partnership agreement with a leading bank in Bosnia-Herzegovina and the pan European region – Intesa San Paolo Bank to expand its money transfer network in Bosnia. Through the deal, MoneyGram intends...

19May2013 | | Comments Off on (MGI) MoneyGram Partners With Bosnian Bank | Continued

(ICE) IntercontinentalExchange’s First Quarter Earnings Beat Estimates – Weak Year Over Year

IntercontinentalExchange Inc.’s (ICE) first-quarter 2013 operating earnings of $2.03 per share comfortably surpassed the Zacks Consensus Estimate of $1.98 but were only a penny higher the year-ago quarter’s earnings. Accordingly,...

16May2013 | | Comments Off on (ICE) IntercontinentalExchange’s First Quarter Earnings Beat Estimates – Weak Year Over Year | Continued

(APEI) American Public Education Downgraded to Neutral

We recently reverted back to a Neutral recommendation on American Public Education, Inc. (APEI) from Outperform due to weak new student starts in the fourth quarter of 2012. American Public Education carries a Zacks Rank #3 (Hold).

Why...

16May2013 | | Comments Off on (APEI) American Public Education Downgraded to Neutral | Continued

(BR) Broadridge Financial Solutions Misses Third Quarter Earnings – Grows Year Over Year

Broadridge Financial Solutions Inc. (BR) posted third-quarter fiscal 2013 adjusted earnings per share (EPS) of 39 cents, missing the Zacks Consensus Estimate of $1.11 by a wide margin.

Revenues

Total revenue...

15May2013 | | Comments Off on (BR) Broadridge Financial Solutions Misses Third Quarter Earnings – Grows Year Over Year | Continued

(V) Visa’s Earnings Shine – Raises Outlook

Visa Inc.’s (V) fiscal second-quarter (ended Mar 31, 2013) operating earnings of $1.92 per Class A common share were modestly ahead of the Zacks Consensus Estimate of $1.81. Additionally, the result substantially exceeded the prior-year...

2May2013 | | Comments Off on (V) Visa’s Earnings Shine – Raises Outlook | Continued

(ICE) IntercontinentalExchange Boosts Energy Portfolio

On Friday, the operator of regulated future exchanges – IntercontinentalExchange Inc. (ICE) announced its plan to launch 35 fresh cleared derivative energy products. With the announcement of these contracts, the company will now...

21Apr2013 | | Comments Off on (ICE) IntercontinentalExchange Boosts Energy Portfolio | Continued

(ICE) Intercontinental Exchange Shares Hits 52-Week High

On Mar 25, 2013, shares of Intercontinental Exchange, Inc. (ICE) hit a 52-week high of $163.81. Previously, the company had reported fourth-quarter results with an earnings surprise of 5.1%. This securities exchange witnessed positive...

18Apr2013 | | Comments Off on (ICE) Intercontinental Exchange Shares Hits 52-Week High | Continued

(ATHN) Athenahealth Achieves High Attestation

Leading vendor of cloud-based services for physician practices – Athenahealth (ATHN) recently revealed that 96% of its concerned providers were successful in meeting the attestation requirements of 2012 Medicare Meaningful Use...

4Apr2013 | | Comments Off on (ATHN) Athenahealth Achieves High Attestation | Continued

(ATHN) Athenahealth Hits 52-Week High

Shares of Athenahealth, Inc. (ATHN) hit a new 52-week high of $99.79, before closing on Friday, Mar 18 at $97.82. The share price of this leading provider of Electronic Health Care (EHR) solutions for ambulatory care and hospital...

18Mar2013 | | Comments Off on (ATHN) Athenahealth Hits 52-Week High | Continued

(V) Visa Stays at Neutral

On Mar 5, we reiterated our Neutral recommendation on Visa Inc. (V) based on its improving product portfolio and operating leverage that partly mitigate the regulatory challenges. However, higher expenses and competition raise caution.

Why...

13Mar2013 | | Comments Off on (V) Visa Stays at Neutral | Continued

(MA) MasterCard Announces Multiple Deals

Recently, MasterCard Inc. (MA) announced a number of partnerships and product launches. The transactions are aimed at expanding the operations of the company and enhance client base.

First, MasterCard announced a strategic alliance...

4Mar2013 | | Comments Off on (MA) MasterCard Announces Multiple Deals | Continued

(MA) MasterCard Outperforms in 2012

MasterCard Inc.’s (MA) fourth-quarter 2012 operating earnings per share of $4.86 modestly beat the Zacks Consensus Estimate of $4.79 and the year-ago quarter’s earnings of $4.03, primarily based on low share count.

Net income...

11Feb2013 | | Comments Off on (MA) MasterCard Outperforms in 2012 | Continued

(UNF) UniFirst Corporation – Momentum

UniFirst Corporation (UNF) reported robust fiscal first-quarter results on January 3, which included an enhanced guidance for fiscal 2013 that led all earnings estimates higher. Furthermore, shares of this uniforms supplier reached a 52-week...

23Jan2013 | | Comments Off on (UNF) UniFirst Corporation – Momentum | Continued

(HCSG) Healthcare Services Group – Growth & Income

Healthcare Services Group Inc. (HCSG) has paid a cash dividend for 38 consecutive quarters, including an uninterrupted dividend increase over the last 37 quarters. Currently, this business service provider for the healthcare industry has a...

16Jan2013 | | Comments Off on (HCSG) Healthcare Services Group – Growth & Income | Continued

(UNF) UniFirst Corporation – Momentum

UniFirst Corporation (UNF) reported robust fiscal first-quarter results on January 3, which included an enhanced guidance for fiscal 2013 that led all earnings estimates higher. Furthermore, shares of this uniforms supplier reached a 52-week...

16Jan2013 | | Comments Off on (UNF) UniFirst Corporation – Momentum | Continued

(MGI) MoneyGram Partners with WordPay

Recently, MoneyGram Inc. (MGI) announced a strategic alliance with WordPay to expand its direct-to-account money transfer service internationally. According to the agreement, MoneyGram’s payout interfaces will be managed by WordPay,...

15Jan2013 | | Comments Off on (MGI) MoneyGram Partners with WordPay | Continued

(EEFT) Euronet Worldwide Division epay Allies with WorldPay

In an effort to benefit retailers, epay, a Division of Euronet Worldwide, Inc. (EEFT) has entered into a partnership with Europe’s WorldPay. Operating in over 40 countries, WorldPay a provider of merchant accounts offers payment...

15Jan2013 | | Comments Off on (EEFT) Euronet Worldwide Division epay Allies with WorldPay | Continued

(CTAS) Cintas Extends Europe Footprint

Cintas Corporation (CTAS) recently extended its operations in Europe by forging a new commercial partnership with The CALVELEX GROUP, a Portugal-based clothes manufacturing company. With this strategic tie-up, Cintas will likely expand...

15Jan2013 | | Comments Off on (CTAS) Cintas Extends Europe Footprint | Continued

(IRM) Iron Mountain – Bear of the Day

Iron Mountain (IRM) reported a dismal third quarter negatively impacted by lower-than-expected organic growth in the core services coupled with contraction in activity-based service revenue and decline in recycled paper prices. The company provided...

2Jan2013 | | Comments Off on (IRM) Iron Mountain – Bear of the Day | Continued

(ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout

Yesterday, IntercontinentalExchange Inc. (ICE) announced its intention to buy the largest stock exchange based on listings – NYSE Euronext Inc. (NYX) for $8.2 billion....

24Dec2012 | | Comments Off on (ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout | Continued

(CHMP) Isis Pharmaceuticals’ Kynamro Earns Negative Report From European Medicines Agency

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) recently did not recommend the approval of Isis Pharmaceuticals Inc. (ISIS) and partner Genzyme’s, a Sanofi (SNY)...

19Dec2012 | | Comments Off on (CHMP) Isis Pharmaceuticals’ Kynamro Earns Negative Report From European Medicines Agency | Continued

(V) Visa Hikes Dividend by 50%

Earlier this week, Visa Inc. (V) announced a 50% hike in its quarterly dividend to the holders of its class A, B and C equity shares. Consequently, the company will pay a quarterly dividend of 33 cents per share, up from 22 cents paid...

11Nov2012 | | Comments Off on (V) Visa Hikes Dividend by 50% | Continued

(APEI) American Public Education Upgraded to Outperform

We recently upgraded our recommendation on American Public Education, Inc. (APEI) following solid top and bottom-line results in the second quarter that surpassed both management as well as the Zacks Consensus Estimates.

American...

3Nov2012 | | Comments Off on (APEI) American Public Education Upgraded to Outperform | Continued

(MA) MasterCard Partners NTT DOCOMO

MasterCard Incorporated (MA) announced a partnership with NTT DOCOMO, Inc. (DCM) to expand their contactless payment services to new markets. Per the deal, users of...

23Oct2012 | | Comments Off on (MA) MasterCard Partners NTT DOCOMO | Continued

(ATHN) Athenahealth Reports Mixed Third Quarter – Profit Up

Leading vendor of cloud-based services for physician practices Athenahealth (ATHN) reported third quarter 2012 adjusted (excluding one-time items other than stock-based compensation expense) earnings per share of 18 cents. It beat...

20Oct2012 | | Comments Off on (ATHN) Athenahealth Reports Mixed Third Quarter – Profit Up | Continued

(MA) MasterCard Strengthens mCommerce

In an attempt to ramp up mobile commerce (mCommerce), MasterCard Inc. (MA) unveiled the Mobile MasterCard PayPass User Interface Software Development Kits (SDKs). This new SDK provides a complete next generation digital range of authorization...

9Oct2012 | | Comments Off on (MA) MasterCard Strengthens mCommerce | Continued

(EEFT) Euronet Worldwide Expands to Spain and Italy

Yesterday, Euronet Worldwide Inc. (EEFT) announced the expansion of its portfolio of Independent ATM Deployed (IAD) networks to Spain and Italy. This has further cemented the company’s position as the fastest-growing Independent...

9Oct2012 | | Comments Off on (EEFT) Euronet Worldwide Expands to Spain and Italy | Continued

(LPS) Lender Processing Services Prices Senior Notes

Recently, Lender Processing Services, Inc. (LPS) declared the price of its senior notes offering with a principal amount of $600 million. Due in 2023, the senior notes carry an interest rate of 5.75% and will be paid semi-annually.

The...

8Oct2012 | | Comments Off on (LPS) Lender Processing Services Prices Senior Notes | Continued