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TSS

TSYS

$99.61

-1.62 (-1.60%)

, GPN

Global Payments

$147.97

-2.64 (-1.75%)

08:14
05/24/19
05/24
08:14
05/24/19
08:14

Global Payments has held deal talks with TSYS, Bloomberg says

Global Payments (GPN) and Total System Services (TSS) have held preliminary talks about a potential merger deal and have also discussed possible joint ventures and other ways to partner up that may not include a merger, according to Bloomberg's Nabila Ahmed, Matthew Monks and Ed Hammond, citing sources. Global Payments and TSYS have been seen as potential takeover targets or merger partners after FIS (FIS) and Worldpay (WP) announced a definitive merger agreement in March, two months after Fiserv (FISV) agreed to buy First Data (FDC), last night's report noted. In pre-market trading, Global Payments shares are up 1% and TSYS shares are up 6%. Reference Link

TSS

TSYS

$99.61

-1.62 (-1.60%)

GPN

Global Payments

$147.97

-2.64 (-1.75%)

FIS

FIS

$120.45

-0.59 (-0.49%)

WP

Worldpay

$121.97

-0.48 (-0.39%)

FISV

Fiserv

$87.23

-2.4 (-2.68%)

FDC

First Data

$25.88

-0.75 (-2.82%)

  • 03

    Jun

  • 05

    Jun

  • 13

    Nov

TSS TSYS
$99.61

-1.62 (-1.60%)

04/17/19
GSCO
04/17/19
UPGRADE
Target $115
GSCO
Buy
TSYS upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider upgraded TSYS to Buy from Neutral and raised his price target for the shares to $115 from $98. The company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration, Schneider tells investors in a research note. As a result, the analyst expects TSYS' valuation discount relative to peers to narrow.
04/17/19
04/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan and to Outperform from In Line at Evercore ISI. 2. Domino's Pizza (DPZ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he thinks the stock's current price reflects 2-3% blended global same store sales growth over the next two years, which he views as too bearish based on its track record as a "best in class operator." 3. TSYS (TSS) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying the company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration. 4. Omnicom (OMC) upgraded to Equal Weight from Underweight at Barclays. 5. Jones Lang LaSalle (JLL) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Jade Rahmani saying she sees an attractive entry point following the recent underperformance of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/19
SPHN
04/24/19
NO CHANGE
Target $108
SPHN
Overweight
TSYS pullback on earnings a buying opportunity, says Stephens
Stephens analyst Brett Huff said he was surprised by the revenue miss reported by TSYS (TSS) given generally strong trends year-to-date, but he views any post-earnings pullback as a buying opportunity as he thinks the headwinds that impacted the quarter are temporary. Additionally, he still considers TSYS the "least expensive high-quality payment asset" and believes that "at some point" FIS/Worldpay will be a suitor. He reiterates an Overweight rating on TSYS shares and raised his price target on the stock to $108 from $104.
04/24/19
KEYB
04/24/19
NO CHANGE
Target $106
KEYB
Overweight
TSYS price target raised to $106 from $95 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for TSYS to $106 from $95 following quarterly results. The analyst believes budding initiatives like a broader mPOS push, consumer innovation, and issuer pipeline could translate into upside. He reiterates an Overweight rating on the shares and sees an attractive valuation relative to peers.
GPN Global Payments
$147.97

-2.64 (-1.75%)

05/07/19
SUSQ
05/07/19
UPGRADE
SUSQ
Positive
Global Payments upgraded to Positive from Neutral at Susquehanna
05/10/19
NOMU
05/10/19
NO CHANGE
Target $105
NOMU
Neutral
Global Payments price target raised to $105 from $94 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Global Payments to $105 from $94 following the company's Q1 results but keeps a Reduce rating on the shares. At face value, Global Payments' organic growth in North America accelerated, Dolev tells investors in a research note. However, the analyst says he's at odds with the "puzzling discrepancy between dull network fees growth (+3%) and faster core sales growth (+9%)."
05/06/19
JPMS
05/06/19
NO CHANGE
Target $151
JPMS
Overweight
Global Payments price target raised to $151 from $140 at JPMorgan
JPMorgan analyst Tien-tsin Huang raised his price target for Global Payments to $151 from $140 saying the company reported "strong and stable" results in Q1. He keeps an Overweight rating on the shares.
05/03/19
RHCO
05/03/19
NO CHANGE
Target $175
RHCO
Buy
Global Payments price target raised to $175 from $155 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Global Payments to $175 and kept his Buy rating after its Q1 earnings beat and raised FY19 guidance, saying the company's profile as a "hybrid of legacy processor and next-gen software provider" in payments is more durable and less cyclical. Jeffrey is also positive on Global Payments taking aim at the hospitality vertical by targeting restaurants and believes that its improving sales mix will offer flexibility for greater internal investment and M&A.
FIS FIS
$120.45

-0.59 (-0.49%)

05/21/19
BOFA
05/21/19
NO CHANGE
BOFA
FIS, Diamondback Energy added to US 1 List, PayPal removed at BofA/Merrill
05/14/19
05/14/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. MannKind (MNKD) initiated with a Buy, $3 price target at BTIG. 2. Ross Stores (ROST) and TJX (TJX) initiated with an Outperform at Baird. 3. Elastic (ESTC) initiated with a Hold at Stifel. 4. CytomX Therapeutics (CTMX) initiated with an Overweight at Cantor Fitzgerald. 5. FIS (FIS) initiated with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/14/19
BOFA
05/14/19
INITIATION
Target $139
BOFA
Buy
FIS reinstated with a Buy on deal synergies at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg reinstated FIS (FIS) with a Buy and $139 price target following the announcement it plans to merge with Worldpay (WP). The analyst said the merger creates a "powerhouse" in technology and processing solutions across Payments and financial services. He believes initial synergy projections will prove conservative and views FIS' valuation represents favorable risk/reward.
05/21/19
MOFT
05/21/19
INITIATION
Target $147
MOFT
Buy
FIS initiated pre-open with a Buy at MoffettNathanson
Earlier, MoffettNathanson analyst Lisa Ellis started FIS (FIS) with a Buy rating and $147 price target. Ellis also initiated Fiserv (FISV) with a Buy rating and $108 price target this morning.
WP Worldpay
$121.97

-0.48 (-0.39%)

05/03/19
CANT
05/03/19
DOWNGRADE
Target $119
CANT
Neutral
Worldpay downgraded to Neutral from Overweight at Cantor Fitzgerald
Cantor Fitzgerald analyst Joseph Foresi downgraded Worldpay (WP) to Neutral from Overweight while raising his price target for the shares to $119 from $110. The analyst cites the company's upcoming merger with FIS (FIS) for the rating change.
05/03/19
CHLM
05/03/19
DOWNGRADE
Target $130
CHLM
Hold
Worldpay downgraded to Hold from Buy at Craig-Hallum
Craig-Hallum analyst Bradley Berning downgraded Worldpay (WP) to Hold from Buy with a $130 price target following Thursday's Q1 earnings. In a research note to investors, Berning says he expects the FIS (FIS) deal to close in the second half of the year and for Worldpay to "largely" trade off on news related to the deal.
04/30/19
BARD
04/30/19
NO CHANGE
BARD
FIS deal clearance positive for Fiserv-First Data, says Baird
Baird analyst says David Koning said he views the fact that the FTC granted early HSR termination to FIS (FIS) and Worldpay (WP) as good news since it means no second request is coming from the DOJ. He noted that Fiserv (FISV) has already announced that it got a second DOJ request, but he said the business unit concentrations for Fiserv and First Data (FDC) "aren't that dramatically different" and he views the clearing granted to FIS as good news for Fiserv-First Data as well.
05/02/19
CHLM
05/02/19
DOWNGRADE
CHLM
Hold
Worldpay downgraded to Hold from Buy at Craig-Hallum
FISV Fiserv
$87.23

-2.4 (-2.68%)

05/21/19
MOFT
05/21/19
INITIATION
Target $108
MOFT
Buy
Fiserv initiated with a Buy at MoffettNathanson
MoffettNathanson initiated Fiserv with a Buy and $108 price target.
05/06/19
BARD
05/06/19
NO CHANGE
Target $106
BARD
Outperform
Fiserv named a new 'Fresh Pick' at Baird
Baird analyst David Koning assigned a "Fresh Pick" designation to Fiserv (FISV) after First Data's (FDC) Global Business Solutions, or GBS, segment accelerated to +10% organic growth, which Koning noted was the best growth of the merchant acquirers in Q1. The analyst, who thinks results from both Fiserv and First Data "deserved a better reaction," also noted that Fiserv has underperformed the S&P since the end of January and thinks relief rallies may be coming. Koning has an Outperform rating and $106 price target on Fiserv shares.
04/30/19
KEYB
04/30/19
NO CHANGE
Target $155
KEYB
Overweight
Global Payments price target raised to $155 from $135 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for Global Payments (GPN) to $155 from $135 ahead of quarterly results as he expects best-in-class organic growth in the HSD to LDD within the U.S. direct channel. An early strategic pivot toward software followed by recent M&A moves suggest the 2020 target of 60% tech-led distribution is likely to provide insulation against potential consolidation headwinds tied to Fiserv (FISV)-First Data (FDC) and FISWP mergers, he contends. Beck reiterates an Overweight rating on the shares.
FDC First Data
$25.88

-0.75 (-2.82%)

04/03/19
SPHN
04/03/19
NO CHANGE
SPHN
Fiserv named a Best Idea at Stephens
Stephens analyst Brett Huff named Fiserv (FISV) as his Best Idea, replacing Global Payments (GPN), stating that he thinks 40% accretion from Fiserv's deal for First Data (FDC) is "very doable" even with his conservative assumptions. While telling investors that he still "really likes" Global Payments, Huff said he thinks Fiserv is "more mispriced." After updating his estimates for his accretion model, the analyst raised his price target on Fiserv shares to $110 from $95 and keeps an Overweight rating on the shares.

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