Data Processing & Outsourced Services

Oppenehimer has raised the price target on TeleTech Holdings (NASDAQ: TTEC) from $19 to $23 and maintains its Outperform rating. 

Goldman Sachs is out with its report today on ExlService Holdings (NASDAQ: EXLS), lowering its PT from $23 to $21. At the time of posting, Goldman Sachs writes, "We are updating our estimates following reported 4Q results. While our 2011/2012 revenue forecasts remain largely unchanged (20% growth...

In a report published by Wedbush Securities, VeriFone Holdings (NYSE: PAY) saw its Q1 results and guidance exceed expectations. Wedbush Securities reported that it believes VeriFone is well positioned to maintain double-digit top line growth as a stand-alone company and will benefit from...

In a report published by J.P. Morgan, Automatic Data Processing (NASDAQ: ADP) and Paychex, Inc. (NASDAQ: PAYX) both saw solid F2Q11 results, with headline numbers ahead of expectations and continued improvement in key payroll metrics. J.P. Morgan reported that, “PAYX increased guidance for FY11 on...

J.P. Morgan is out with its report today on VeriFone (NYSE: PAY), raising estimates on PAY. In a note to clients, J.P. Morgan states, "We're raising estimates to reflect stronger revenue and gross margin trends. We are increasing our FY11 and FY12 adjusted EPS estimates to $1.77 and $2.14 (from $1....

Wedbush has raised the price target on VeriFone Holdings (NYSE: PAY) from $44 to $50 and maintains its Neutral rating.

Citigroup has raised the price target on TeleTech Holdings (NASDAQ: TTEC) from $18 to $22 and maintains its Hold rating.

ADP (NASDAQ: ADP) today announced that it has acquired AdvancedMD, privately-held provider of practice management and electronic health records solutions targeting small and mid-sized medical practices.

VeriFone Systems, Inc. (NYSE: PAY) today announced financial results for the three months ended January 31, 2011. Net revenues for Q1 FY11 were $284 million, compared to $276 million in the previous quarter and $223 million in the first quarter of fiscal year 2010 (“Q1 FY10”), a 27% year-over-year...

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that it is once again expanding its digital payment portfolio, which is the broadest in the industry, by launching a new set of prepaid solutions. Fiserv will offer prepaid...

Raytheon Company (NYSE: RTN) has been awarded a $50 million contract to deliver 50 AAS-44C(V) Multi-Spectral Targeting Systems for use on the U.S. Navy's MH-60R and MH-60S helicopters. This airborne forward looking infrared targeting system provides video imagery that helps soldiers, intelligence...

Fiserv, Inc. (NASDAQ: FISV) announced today that it has acquired Credit Union On-Line Inc. (CUOL), a credit union service organization that runs an outsourced version of the XP2® account processing solution from Fiserv. The CUOL organization was co-owned by CEO Connie Boretti and two credit unions...

J.P. Morgan Chase & Co. has an Overweight rating and a $26 price target on shares of ExlService Holdings (NASDAQ: EXLS) after it reported earnings. In a note to clients, J.P. Morgan writes, "EXLS 4Q10 results were ahead of our and consensus expectations, driven by strong growth in the...

Goldman Sachs is out with a research report on ExlService Holdings, Inc. (NASDAQ: EXLS) after it reported earnings. It has a Neutral rating on shares. In a note to clients, Goldman writes, "While strong 4Q results and solid revenue outlook confirm that EXLS' revenue growth should continue to...

ExlService Holdings, Inc. (Nasdaq: EXLS) today announced its financial results for the fourth quarter of 2010 ended December 31, 2010. Revenues for the quarter ended December 31, 2010 were $70.0 million compared to $59.4 million in the quarter ended December 31, 2009. Revenues for the quarter ended...