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UPDATE: Goldman Sachs Color on VeriFone PT Increase
Friday, June 3, 2011 - 7:34am | 101Goldman Sachs, which raised its PT on shares of VeriFone Systems, Inc (NYSE: PAY), is providing some color on the stock. “PAY reported revenue of $292mn vs. our/consensus $284mn/$285mn and management-defined EPS of $0.46 vs. our/consensus $0.43,” Goldman Sachs writes. “We raise our mgmt-def....
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Deutsche Bank Discusses Payment Services
Friday, June 3, 2011 - 7:31am | 315Deutsche Bank is out with a research report on payment services, including Mastercard (NYSE: MA) and Visa (NYSE: V). It has Buy ratings on both of them. It has a $330 price target on Mastercard and a $105 price target on Visa. In a note to clients, Deutsche Bank writes, "We provide some thoughts...
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Citi Has Buy On Convergys Corp
Friday, June 3, 2011 - 7:23am | 180Citi Investment Research has a Buy rating and a $17 price target on shares of Convergys Corp (NYSE: CVG). In a note to clients, Citi writes, "Convergys announced that it will sell its holdings in the "cellular partnerships" located in the Cincinnati metropolitan area to AT&T for approximately...
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Goldman Sachs on CVG's Announcement To Sell Holdings To AT&T
Friday, June 3, 2011 - 6:46am | 203Goldman Sachs has published a research report on Convergys Corporation (NYSE: CVG) after the company's announcement to sell its holdings in Cincinnati SMSA after market close yesterday. In the report, Goldman writes, "After the close (6/2/11), CVG announced that it will sell its holdings in...
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Goldman Raises PT on VeriFone To $46
Friday, June 3, 2011 - 6:32am | 27Goldman Sachs has raised the price target on VeriFone Systems (NYSE: PAY) from $45 to $46 and maintains its Neutral rating.
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US Stock Futures Down As Investors Await Jobs Data
Friday, June 3, 2011 - 6:06am | 418US stock futures are lower this morning, as investors are awaiting payrolls figures. Futures on the Dow Jones Industrial Average dropped 30 points to 12,208.00 and futures on the S&P 500 stock index fell 3.50 points to 1,308.90. Nasdaq 100 futures declined 6.75 points to 2,319.25. US stocks...
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Stocks To Watch For June 3
Friday, June 3, 2011 - 12:19am | 344Some of the stocks that may grab investor focus today are: Diamond Foods Inc (NASDAQ: DMND) swung to a Q3 profit and lifted its projections for the year. DMND reported its quarterly profit at $7.7 million, or $0.34 per share, versus a loss of $4.3 million, or $0.22 per share, in the year-earlier...
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Tonight's Notable Events
Thursday, June 2, 2011 - 4:30pm | 273Today's Syndicate Pricing: : ANTH 6.6mm @ $7.50 Citi....TSLA 5mm @ $28.76 GSCO...ACI 48mm @ $27 MGS.... After the bell: Slow overall Anthera Pharmaceuticals, Inc. (ANTH) Secondary offering Verifone Systems (PAY) Inline #'s Beat this qtr - beat top and bottom line - raising guidance to streets...
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VeriFone Systems Bid Lower Following Q3 Results
Thursday, June 2, 2011 - 4:17pm | 198Shares of VeriFone Systems (NYSE: PAY) are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are off by 0.51%, trading at $46.90; they closed the regular session higher by 1.62%, at $47.14. VeriFone Systems said that Q2 EPS was $0.46 on...
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Fiserv in Pact with Morningstar
Thursday, June 2, 2011 - 11:55am | 99Fiserv, Inc. (NASDAQ: FISV) announced today that it will enhance its Financial Advice Solutions by integrating best-in-class data and analytics from Morningstar. The agreement with Morningstar, Inc., a leading provider of independent investment research, will integrate a number of Morningstar...
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US Stock Futures Up As Investors Await Jobless Claims, Retail Sales Data
Thursday, June 2, 2011 - 6:24am | 458US stock futures are higher this morning, as investors are awaiting data on jobless claims and sales data from retailers. Futures on the Dow Jones Industrial Average gained 28 points to 12,302.00 and futures on the S&P 500 stock index rose 4.10 points to 1,316.20. Nasdaq 100 futures surged 10....
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Earnings Scheduled For June 2
Thursday, June 2, 2011 - 12:59am | 420Cascade Corporation (NYSE: CASC) is estimated to report its Q1 EPS at $0.82 on revenue of $113.33 million. SAIC Inc (NYSE: SAI) is projected to report its Q1 EPS at $0.33 on revenue of $2.71 billion. The Descartes Systems Group Inc (NASDAQ: DSGX) is projected to report its Q1 EPS at $0.12 on...
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Western Union to Acquire Finint S.r.l
Wednesday, June 1, 2011 - 9:56am | 131The Western Union Company (NYSE: WU) announced today that it has signed an agreement to acquire Finint S.r.l.. Finint manages more than 10,000 subagent locations across Italy, Spain, and the United Kingdom. Western Union currently owns 30 percent of the company and will acquire the remaining 70...
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BGB Reiterates Hold on TeleTech Holdings
Wednesday, June 1, 2011 - 8:37am | 66BGB is out with its report today on TeleTech Holdings (NASDAQ: TTEC), reiterating Hold. In a note to clients, BGB writes, "We are reiterating our Hold rating and $20 price target after TTEC closed its purchase of eLoyalty's (NASDAQ: ELOY) Interactive Contact Solutions business unit." Shares of...
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UPDATE: U.S. Private-Sector Employment Increased by 38,000 Jobs in May, According to ADP Report
Wednesday, June 1, 2011 - 8:17am | 292Private-sector employment increased by 38,000 from April to May on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (NASDAQ: ADP), in partnership with Macroeconomic...