Metavante Technologies Inc.

Metavante Technologies, Inc. (MV) is showing steady growth despite a hazardous business environment. Estimates and earnings are on the rise.

Company Description

Metavante Technologies, Inc. is the parent company of Metavante Corporation. Metavante delivers banking and payments technologies to financial services firms and businesses worldwide.

The company's products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, and business transformation services.

Full-Year Results

Metavante announced full-year results on Feb 5 that included a 7% growth in revenue which was $1,707 million, up from $1,598 million.

Earnings per share for the year were $1.23, with 34 cents coming in the fourth quarter. Net income was $147.4 million for the year and $40.4 million for the quarter.

2009 Guidance

The company is confident in its ability to navigate the currently difficult business area and expects solid growth. Metavante expects 12-16% earnings growth driven by an additional 3-4% in revenue.

Estimates are Up

Current full-year estimates are averaging $1.54, which represents a 12% growth. The consensus for 2010 is now $1.71, an 11% growth.

The Chart

Shares of MV saw a nice spike following the latest earnings announcement, but have since started to retrace. It is not uncommon for stocks to "fill in the gap" after an earnings announcement before rising again.