| Today | ||||
Q2 Holdings announced… Story temporarily locked. | ||||
Backs FY23 recurring… Story temporarily locked. | ||||
Reports Q2 revenue… Story temporarily locked. | ||||
| Tuesday | ||||
JPMorgan analyst Alexei… JPMorgan analyst Alexei Gogolev assumed coverage of Clearwater Analytics with an Overweight rating and price target of $23, up from $18. Clearwater is offering investment accounting-as-a-service through cloud-based software aimed at helping firms to simplify their investment accounting, compliance, and risk reporting through automation, the analyst tells investors in a research note. The firm says the company's business model is profitable and has clear operating leverage characteristics. | ||||
Baird analyst Joe Vruwink… Baird analyst Joe Vruwink downgraded Q2 Holdings to Neutral from Outperform with an unchanged price target of $32. The analyst sees a more balanced risk/reward at current levels with the shares outperforming year-to-date. Banks continue to scrutinize tech spending, the analyst tells investors in a research note. | ||||
Baird analyst Joe Vruwink… Baird analyst Joe Vruwink downgraded Q2 Holdings to Neutral from Outperform with an unchanged price target of $32. | ||||
| Friday | ||||
Diebold Nixdorf… Diebold Nixdorf (DBD)announced that it will add Marjorie Bowen and Emanuel "Manny" Pearlman to the company's slate of director nominees for election during its 2023 annual meeting of shareholders. Bowen and Pearlman were among a group of candidates suggested to the company by its lenders in connection with the refinancing transaction closed on Dec. 29, 2022. Marjorie Bowen is a deeply experienced public and private company director, having held seats on the boards of more than 20 companies representing several sectors. She currently serves as a director for Bed, Bath & Beyond (BBBY), CBL Properties and Voyager Aviation Holdings. Manny Pearlman has more than 35 years of leadership experience in investing, executive finance, operations and advisory positions with publicly traded and private companies. He currently serves as the chair and chief executive officer of Liberation Investment Group, an investment management and consulting firm. | ||||
DA Davidson analyst Peter… DA Davidson analyst Peter Heckmann raised the firm's price target on SS&C to $74 from $70 and keeps a Buy rating on the shares ahead of its Q4 results next month. The analyst believes that several items could prove to be tailwinds to growth for the company, adding that its midpoints of 2023 guidance range should meet or modestly exceed the firm's forecasts and the consensus. With $1.1B in anticipated 2023 free cash flow, SS&C has good flexibility to reduce debt, pursue additional acquisitions and/or repurchase shares, the firm adds. | ||||
| Over a week ago | ||||
Truist analyst Andrew… Truist analyst Andrew Jeffrey raised the firm's price target on Shift4 Payments to $80 from $55 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. The analyst believes that investors should focus on relative 2022 FinTech outperformers but also contends that "a catalyst is needed" for relative 2023 outperformance and sees M&A as the most likely valuation driver. Jeffrey adds that Shift4 will likely maintain its momentum as the factors behind its outperformance relative to the market last year remain intact. | ||||
KeyBanc analyst Josh Beck… KeyBanc analyst Josh Beck downgraded Riskified to Sector Weight from Overweight without a price target. Despite Beck's generally constructive stance on both management teams and LT strategy in the commerce/backoffice software space, reduced visibility prompts a more cautious stance on Riskified, the analyst tells investors in a research note. Beck looks for visibility into a return toward the LT growth algorithm of 25%-30% amid a softening ecommerce environment and visibility into the adoption of new products. | ||||
