For Immediate Release
Chicago, IL – June 1, 2012 – 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. ( (
FISV
- Analyst Report
)
), Heartland Payment Systems, Inc. (
HPY
- Snapshot Report
)
, Equifax Inc. (
EFX
- Analyst Report
)
, Lender Processing Services, Inc. (
LPS
- Analyst Report
)
and Macy’s Inc. (
M
- Analyst Report
)
.
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Another Bank Chooses Fiserv
Fiserv, Inc. ( (
FISV
- Analyst Report
)
) was chosen by Magyar Bank for its Cleartouch platform solution in a multi-product contract. These wide arrays of products are targeted to ameliorate process management at the bank, thereby directly catering to its customer satisfaction.
Till now, Magyar Bank had been utilizing the company’s CheckFree RXP solutions for bill payment and transactions. With this agreement, the bank shall deploy not only Fiserv’s Cleartouch platform but add a variety of products including Director for electronic content management, Branch Source Capture, Merchant Source Capture, AML Manager, Fiserv Clearing Network, Relationship Pricing, eStatements and item processing services.
Fiserv’s technologically advanced solutions shall provide for pervasive document management, risk management, quick online statements, relationship management and item processing. Not only will these help in reducing time lags in the bank’s interior management but also bolster improved and more efficient product solutions for its valued clientele.
In recent times, it is imperative that every organization pays heed to its customers’ changing tastes and preferences so that they are assured of receiving state-of-the-art services along with the regular product offerings. This not only improves the organization’s repute but allows for market share proliferation too.
Fiserv’s renowned goodwill and existing relationship with Magyar Bank count a great deal in winning such a prestigious contract. Management expressed its ebullience on the occasion by stating that it appreciates the need to innovate product offerings for the benefit of its clients and considers itself capable of delivering the goods quite efficiently.
However, the company should not be complacent of such contract wins as ominous rivals are prevalent in the industry it pertains to. Big players in this regard include Heartland Payment Systems, Inc. (
HPY
- Snapshot Report
)
, Equifax Inc. (
EFX
- Analyst Report
)
and Lender Processing Services, Inc. (
LPS
- Analyst Report
)
.
We currently have a long-term recommendation of ‘Neutral’ for Fiserv. In the short run, we have a Zacks #3 Rank for the stock, which translates into a short-term rating of ‘Hold.’
May Comps Rise at Macy’s
Cincinnati, Ohio-based Macy’s Inc. (
M
- Analyst Report
)
, one of the leading department store retailers in the U.S., posted strong same-store sales for the four-week period ended May 26, 2012, much better than the analyst’s expectations. The increase in sales was attributable to My Macy's localization initiatives, omnichannel integration and robust online and brick and mortar sales.
The company stated that total sales of $2.02 billion for the month of May 2012, reflected an increase of 4.1% from $1.94 billion in the comparable prior-year period. Same-store sales rose 4.2% year over year for the month.
Management believes that the company gained momentum during the month on the back of successful implementation of its fundamental strategies, as well as the training of employees with a focus on customer satisfaction.
Year-to-date, Macy’s sales jumped 4.3% to $8.16 billion compared with $7.83 billion in the same period last year. For the first seventeen weeks ended in 2012, Macy’s same-store sales also increased 4.3% over the prior-year period.
Online sales, which include sales from macys.com and bloomingdales.com, continued to grow in May, surging 42.3% and on a year-to-date basis, online sales shot up 35.7% from the comparable period last year. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy’s total sales grew 4.3% to $6.14 billion in the first-quarter 2012 from $5.89 billion in the prior-year period while same-store sales climbed 4.4%. The company currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
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For Immediate Release
Chicago, IL – June 1, 2012 – 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. ( ( FISV - Analyst Report ) ), Heartland Payment Systems, Inc. ( HPY - Snapshot Report ) , Equifax Inc. ( EFX - Analyst Report ) , Lender Processing Services, Inc. ( LPS - Analyst Report ) and Macy’s Inc. ( M - Analyst Report ) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Another Bank Chooses Fiserv
Fiserv, Inc. ( ( FISV - Analyst Report ) ) was chosen by Magyar Bank for its Cleartouch platform solution in a multi-product contract. These wide arrays of products are targeted to ameliorate process management at the bank, thereby directly catering to its customer satisfaction.
Till now, Magyar Bank had been utilizing the company’s CheckFree RXP solutions for bill payment and transactions. With this agreement, the bank shall deploy not only Fiserv’s Cleartouch platform but add a variety of products including Director for electronic content management, Branch Source Capture, Merchant Source Capture, AML Manager, Fiserv Clearing Network, Relationship Pricing, eStatements and item processing services.
Fiserv’s technologically advanced solutions shall provide for pervasive document management, risk management, quick online statements, relationship management and item processing. Not only will these help in reducing time lags in the bank’s interior management but also bolster improved and more efficient product solutions for its valued clientele.
In recent times, it is imperative that every organization pays heed to its customers’ changing tastes and preferences so that they are assured of receiving state-of-the-art services along with the regular product offerings. This not only improves the organization’s repute but allows for market share proliferation too.
Fiserv’s renowned goodwill and existing relationship with Magyar Bank count a great deal in winning such a prestigious contract. Management expressed its ebullience on the occasion by stating that it appreciates the need to innovate product offerings for the benefit of its clients and considers itself capable of delivering the goods quite efficiently.
However, the company should not be complacent of such contract wins as ominous rivals are prevalent in the industry it pertains to. Big players in this regard include Heartland Payment Systems, Inc. ( HPY - Snapshot Report ) , Equifax Inc. ( EFX - Analyst Report ) and Lender Processing Services, Inc. ( LPS - Analyst Report ) .
We currently have a long-term recommendation of ‘Neutral’ for Fiserv. In the short run, we have a Zacks #3 Rank for the stock, which translates into a short-term rating of ‘Hold.’
May Comps Rise at Macy’s
Cincinnati, Ohio-based Macy’s Inc. ( M - Analyst Report ) , one of the leading department store retailers in the U.S., posted strong same-store sales for the four-week period ended May 26, 2012, much better than the analyst’s expectations. The increase in sales was attributable to My Macy's localization initiatives, omnichannel integration and robust online and brick and mortar sales.
The company stated that total sales of $2.02 billion for the month of May 2012, reflected an increase of 4.1% from $1.94 billion in the comparable prior-year period. Same-store sales rose 4.2% year over year for the month.
Management believes that the company gained momentum during the month on the back of successful implementation of its fundamental strategies, as well as the training of employees with a focus on customer satisfaction.
Year-to-date, Macy’s sales jumped 4.3% to $8.16 billion compared with $7.83 billion in the same period last year. For the first seventeen weeks ended in 2012, Macy’s same-store sales also increased 4.3% over the prior-year period.
Online sales, which include sales from macys.com and bloomingdales.com, continued to grow in May, surging 42.3% and on a year-to-date basis, online sales shot up 35.7% from the comparable period last year. The company seeks to expand both Macy's and Bloomingdale's brands online.
Macy’s total sales grew 4.3% to $6.14 billion in the first-quarter 2012 from $5.89 billion in the prior-year period while same-store sales climbed 4.4%. The company currently operates approximately 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
Read the full reports :
Analyst Report on FISV
Snapshot Report on HPY
Analyst Report on EFX
Analyst Report on LPS
Analyst Report on M