JAKKS Pacific, Walt Disney, Apple, Google and Fiserv highlighted in Zacks
CHICAGO, Jan. 17, 2013
CHICAGO, Jan. 17, 2013 /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 JAKKS Pacific Inc. (JAKK), Walt
Disney Co., (DIS), Apple Inc. (AAPL), Google Inc. (GOOG) and Fiserv (FISV).
Today, Zacks is promoting Four daily picks are offered free.
Here are highlights from Thursday's Analyst Blog:
JAKKS Brings Interactive Disney Toys
JAKKS Pacific Inc. (JAKK) is on the verge of introducing an innovative
DreamPlay series of toys under the Disney brand. In this regard, JAKKS Pacific
and NantWorks LLC's joint venture, DreamPlay Toys LLC has entered into an
agreement with The Walt Disney Co. (DIS). The agreement is subject to certain
terms and conditions.
DreamPlay's products will be based on NantWorks' advanced iD image recognition
technology. The user will be able to link his Disney toys with various
animated video contents and virtual games through smartphones or tablets.
Consumers can access these new gaming products through an application, which
will be available for download on both Apple Inc.'s (AAPL) iOS and Google Inc.
(GOOG)-developed Android devices. These DreamPlay products are expected to be
available in the U.S. from fall 2013. The products are likely to debut
globally in 2014.
According to the partnership, JAKKS will allow Disney to deploy its DreamPlay
techniques. In addition, Disney will also have the access to the company's
various toy-related consumer products.
As per JAKKS Pacific, this collaboration will introduce a new era to the
gaming arena through integrating physical toys with the digital world.
Based in Malibu, California, JAKKS Pacific is a multi-brand company that has
been designing and marketing a broad range of toys and consumer products since
1995.It has emerged not only as one of the top five U.S. players in toys and
leisure products, but also as a more diversified consumer products company.
We currently have a long-term Neutral recommendation for the stock. JAKKS
Pacific currently retains a Zacks Rank #3 (Hold).
Fiserv Buys Open Solutions
Financial services technology solutions provider Fiserv Inc. (FISV) recently
announced that it has acquired Connecticut-based Open Solutions Inc for
approximately $850.0 million. Fiserv paid $55.0 million toward equity, assumed
debt of $960.0 million and received a tax benefit of $165.0 million.
According to Fiserv, the valuation consideration is less than five times its
earnings before interest, taxes, depreciation and amortization (EBITDA) that
includes run-rate synergies and present value of tax assets. Revenue and
EBITDA run rate of Open Solutions at the time of the acquisition was
approximately $320.0 million and $100.0 million, respectively.
Open Solutions Inc is a leading technology provider to banks, thrifts and
credit unions with a strong clientele of 3,300, which includes more than 800
account processing clients. Its flagship product DNA is a real-time core
banking platform. Open Solutions offers DNACreator, a tool that banks and
credit unions use to create their own apps for the DNA platform.
Open Solutions' DNAppstore stores apps developed by using DNACreator. The
company also offers other key solutions that include CUnify and TotalPlus
account processing platforms. Open Solutions Weiland Account Analysis
technology is used for commercial account analysis. The company also offers
consultancy services through Raddon Financial Group.
The acquisition is expected to expand Fiserv's financial services product
portfolio and customer base going forward. Most of the Open Solutions
contracts are long term in nature, which is significant, as it will add a
recurring revenue source to Fiserv's top-line, going forward.
Fiserv expects to earn revenue synergies of at least $75.0 million and cost
synergies of $50.0 million over the next several years. The acquisition is
expected to be significantly accretive to earnings per share (EPS) going
Today, Zacks is promoting Four daily picks are offered free.
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