Data Processing & Outsourced Services

If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be late October to mid November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked...

New York-based global outsourcing service provider Broadridge Financial Solutions Inc. (BR) inked a deal to acquire NewRiver Inc. for a total consideration of roughly $77.0 million.   The terms of the agreement were approved by the Board of Directors of each company. Broadridge expects the deal to...

Provider of outsourced HR solutions and payroll processing services Automatic Data Processing Inc. (ADP) announced the closing of its previously announced acquisition of privately held Cobalt Group for approximately $400 million in cash. Automatic Data had announced the acquisition of Cobalt on...

Global Cash Access Holdings, Inc. (NYSE: GCA) announced today the dismissal of the federal anti-trust litigation commenced by Sightline Payments, LLC. In entering judgment in favor of GCA and dismissing the action, Philip M. Pro, United States District Judge for the District of Nevada, concluded...

Moving ahead with its latest deal, Aon Corp. (AON) is arranging funds for the acquisition of Hewitt Associates Inc. (HEW) through some credit agreements with a financial syndicate, which are estimated to be worth approximately $2.5 billion. The deal is scheduled to close by mid-November....

Electronic payment processor, Fidelity National Information Services Inc. (FIS) announced the signing of a deal or a memorandum of understanding (MOU) with Banco Bradesco (BBD), a Brazilian card processing bank. Under the 10-year deal, Fidelity Processadora e Servicos S.A (FPS), Fidelity’s Brazil-...

Shares of The Western Union Co. (NYSE: WU) are higher on the session by 0.94%, currently trading at $16.13. The stock has been moving largely sideways for the past four months, consolidating after a move lower in late-April/early-May. The stock is hovering around the 50-day moving average. One...

Shares of Fiserv Inc. (NASDAQ: FISV) are higher on the session by 1.10%, currently trading at $49.73. The stock has been moving largely higher over the past four weeks and is trading above the 50-day moving average. Options traders are betting that the stock runs higher from here. The September $...

MasterCard (NYSE: MA) and Visa (NYSE: V) are still slugging away at each other amid a recession, but cautious consumers and a shrinking cut from small businesses have forced a near stalemate between the credit titans. The credit card industry has taken a beating during the past two years. Spending...

Visa Inc. (NYSE: V) has been consolidating for the last three months inside a triangular pattern seen on the chart below. Technically, the triangle will come to a point in the next week or so. At this point, the stock will be forced to break out or break down. The general consensus has the odds...

A reader highlighted a company I was not aware of in the comments section yesterday - MakeMyTrip (MMYT).  I went to look up the stock and saw it was an IPO up nearly 80% on the session (at the time).... in a bad tape no less.  I did a lot more digging on it last night and quite an interesting story...

As expected, Spreadtrum Communications (SPRD) had an excellent quarter.  The stock gapped up but already is in the process of giving back much of the move as individual metrics mean little and we're all hostage to the overall market.  I took half off earlier this week, at a price higher than it is...

For Immediate Release Chicago, IL –August 12, 2010 – Zacks Equity Research highlights: Wynn Resorts (WYNN) as the Bull of the Day and StanCorp Financial (SFG) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Macy’s Inc. (M), Visa (V) and The Walt Disney Company (DIS...

Computer Sciences Corporation (NYSE: CSC) reported mixed F1Q11, as revenue faces growth challenges while the company relies on winning and ramping up larger contracts and heighten its exposure to the public sector, according to JP Morgan. JP Morgan is confident that CSC will meet its earnings goal...

For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: Computer Sciences Corporation. (CSE), Accenture (ACN), Hewlett-Packard (HPQ), JA Solar Holdings (JASO) and The Scotts Miracle-Gro Co. (SMG ). Here are highlights from Wednesday’s Analyst Blog: CSC Mixed on Top,...