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JP Morgan Raises PT On Genpact To $18
Thursday, August 4, 2011 - 7:33am | 26JP Morgan has raised the price target on Genpact (NYSE: G) from $17 to $18 and maintains its Neutral rating.
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FIS to Commence Share Repurchases of 13.6M Shares
Thursday, August 4, 2011 - 7:01am | 104FIS (NYSE: FIS) today announced plans to begin repurchasing shares of common stock under its existing share repurchase authorization. The announcement follows today's earlier statement by FIS that it is no longer engaged in discussions regarding a potential acquisition of Misys PLC. Approximately...
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Bank of America Raises PO on MasterCard To $265
Thursday, August 4, 2011 - 6:06am | 27Bank of America has raised the price objective on MasterCard (NYSE: MA) from $230 to $265 and maintains its Underperform rating.
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Intraday Gainers
Wednesday, August 3, 2011 - 3:56pm | 121InterDigital (NASDAQ: IDCC) +13.87 on rumors of Samsung buying company's patent portfolio. NxStage Medical (NASDAQ: NXTM) +12.44% on better than expected earnings. MasterCard (NYSE: MA) +12.98 on better than expected earnings. WebMD Health (NASDAQ: WBMD) +12.10 on better than expected earnings...
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MasterCard Hits New 52-Week Highs at $328.09
Wednesday, August 3, 2011 - 2:09pm | 75Many traders and investors see the 52-week high or low as an important indicator. Stocks that have a long-term trend in a certain direction are likely to continue, as that trend is the path of least resistance. In this case, shares of MasterCard (NYSE: MA) are hitting new 52-week highs. Traders...
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Options Brief: Computer Sciences
Wednesday, August 3, 2011 - 2:05pm | 64Shares of Computer Sciences (NYSE: CSC) are lower on the session by 0.97%, trading at $33.67. Overall put volume is now running at 4.68x the daily average, with 82% of all puts traded being purchases on the offer. 6,372 contracts have traded on the session so far. Computer Sciences Corporation...
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Do You Buy: Panic Sends Markets Down
Wednesday, August 3, 2011 - 12:33pm | 266The markets opened flat and started selling. After collapsing in the first hour of trading on comments out of Europe and panic in the United States, the markets caught a significant bid, surging towards the flat line. After almost achieving a neutral standing, the markets have starting to come back...
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New 52 Week High List Shrinks To New Lows
Wednesday, August 3, 2011 - 10:41am | 165This morning, there are less and less new 52 week highs on the New York Stock Exchange. When the new 52 week high list shrinks it tells us that the major stock indexes are coming under institutional selling pressure. The stocks that are making new 52 week highs include Clean Harbors Inc.(NYSE: CLH...
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MasterCard Proves Masterful Yet Again
Wednesday, August 3, 2011 - 10:07am | 719MasterCard (NYSE: MA) reported second quarter earnings that blew out Wall Street expectations and shares are jumping this morning on the back of the better than expected report. After the earnings beat, shares are up more than 7% this morning on the strong quarter, and it appears the conference...
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Earnings Roundup
Wednesday, August 3, 2011 - 9:05am | 1603MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...
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UPDATE: Citi Raises PT on Genpact Ltd from $17.50 to $18
Wednesday, August 3, 2011 - 8:45am | 163Citi has published a report on Genpact LTD (NYSE: G) commenting on 2Q results and raising the price target slightly. In the report, Citi wrote, "G beat our / consensus revenue and EPS estimates. Total revenue was $398 mil vs. our $379 mil and consensus of $376 mil. Adjusted EPS were $0.22 vs. our...
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UPDATE: Goldman Sachs Raises PT on ExlService Holdings to $26
Wednesday, August 3, 2011 - 8:39am | 82Goldman Sachs is out with its report today on ExlService Holdings (NASDAQ: EXLS), raising its PT from $23 to $26. In its report, Goldman Sachs writes, "Our 12-month price target of $26 is based on a weighted average model incorporating a sector-relative framework, CY11 P/E, CY11 EV/EBITDA, and M...
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UPDATE: MasterCard Reports 33% Surge In Q2 Profit; Shares Rise In Pre-Market
Wednesday, August 3, 2011 - 8:33am | 60MasterCard Inc (NYSE: MA) reported a 33% rise in its second-quarter profit. MasterCard reported its quarterly profit at $608 million, or $4.76 per share, up from $458 million, or $3.49 per share, in the year-earlier period. However, analysts were expecting earnings of $4.22 per share. Its net...
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Wedbush Lowers PT On CSGS To $19
Wednesday, August 3, 2011 - 8:29am | 27Wedbush Securities has lowered the price target on CSG Systems (NASDAQ: CSGS) from $22 to $19 and maintains its Neutral rating.
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J.P. Morgan Lowers Price Target On CSG Systems To $22
Wednesday, August 3, 2011 - 8:05am | 103According to J.P. Morgan, CSG Systems (NASDAQ: CSGS) price target is lowered to $22. J.P. Morgan said that several of the drags on 1Q11 have lingered on and with no immediate relief in sight 2011 estimates are coming down, but valuation even on new estimates looks cheap so it would be surprised to...