The Zacks Analyst Blog Highlights:Fiserv, Trustmark, Mastercard, Fidelity
National Information Services and Dick's Sporting Goods
CHICAGO, Nov. 8, 2012
CHICAGO, Nov. 8, 2012 /PRNewswire/ --Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Fiserv, Inc. (Nasdaq:FISV),
Trustmark Corporation (Nasdaq:TRMK), Mastercard Incorporated (NYSE:MA),
Fidelity National Information Services, Inc. (NYSE:FIS) and Dick's Sporting
Goods Inc. (NYSE:DKS).
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Here are highlights from Wednesday's Analyst Blog:
Fiserv's Solution for Trustmark
Recently, Fiserv, Inc. (Nasdaq:FISV) entered into a multi-year contract with
Trustmark National Bank, a unit ofTrustmark Corporation (Nasdaq:TRMK). Per the
agreement, the company's check capture and processing service solution,
Central Source Capture will now be deployed by the bank for upgrading its
check processing structure and improving its efficacy.
With the agreement, the bank has extended its long-term association with
Fiserv. The bank has selected the company given its highly developed platform
with flexible, scalable and integrated financial services solutions.
The company has taken the complete responsibility of improving Trustmark's
entire banking process so that it works much more systematically. Initially,
the company was engaged in centralizing the database of the bank for easy
branch capture and introducing image-enabled ATMs across all units of the
bank. Now, with this deal, the company will be also involved in augmenting
Trustmark's check capture system and identification process.
Additionally, with this association the bank will also gain access to a range
of Fiserv's service offerings including ATM Source Capture for easy check
deposits at ATMs, Branch Source Capture, Merchant Source Capture, RP/SMS to
reconcile entire account system and the Fiserv PEP+ Automated Clearing House
The company expressed its ebullience on the contract by stating that its
user-friendly approach would surely make the entire banking system much
easier, more secure and risk free for Trustmark. Fiserv's banking solution
platform has been particularly designed for the banks and financial
institutions, which would use it to ameliorate its service standards and cater
to growth potentials in the market.
Various strategic contract wins hold future pledge for Fiserv. The company
confirmed winning a bunch of contracts from various financial institutions
during 2012. Recently, the company received a contract from Caja Morelia
Valladolid for its Signature bank portal. We believe that these agreements are
likely to heighten the company's market share in future.
However, the company's financial segment faces a huge competition from various
big companies including Mastercard Incorporated (NYSE:MA) and Fidelity
National Information Services, Inc. (NYSE:FIS). Fidelity recently received a
multi-year contract from BMO Harris Bank for improving its banking process.
Hence, the company has to be extra cautious of competitive strides in the
The current Zacks Consensus Estimates for Fiserv, Inc. are $1.42 and $5.17 for
the fourth quarter of 2012 and for 2012, respectively. The estimates represent
a year-over-year growth of 12.14% for the third quarter and 12.89% for 2012.
We currently have a long-term Neutral recommendation for Fiserv. The stock
carries a Zacks #3 Rank, which translates into a short-term Hold rating.
New Store Plans for Dick's
Sporting goods retailer, Dick's Sporting Goods Inc. (NYSE:DKS) is slated to
open three new stores, including one relocated store, on November 7 at various
locations across the United States. Of the two new stores, one will be located
at Stoneridge Village in Jefferson City, Missouri; and another at Spokane
Valley Mall in Spokane, Washington. Further, the company will relocate its N.
Springboro Pike store to Dayton Mall in Dayton, Ohio.
Last month, the company announced the debut of 17 new stores in various parts
of the United States. Additionally, in September, it opened ten stores at
different locations across the country. The opening of the stores remains in
tune with the company's previously announced plan of inaugurating 21 stores in
the third quarter and relocating 3 existing stores.
For fiscal 2012, the company plans to open approximately 38 Dick's Sporting
Goods stores. Moreover, it plans to relocate about five existing stores and
one Golf Galaxy store in 2012. In the long-term, Dick's Sporting aims to open
400 additional stores, targeting a total store count of about 900 in the
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