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The Zacks Analyst Blog Highlights: Fiserv, Trustmark, Mastercard, Fidelity National Information Services and Dick's Sporting Goods

FISV TRMK MA FIS DKS

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For Immediate Release

Chicago, IL – November 8, 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), Trustmark Corporation (TRMK - Snapshot Report), Mastercard Incorporated (MA - Analyst Report), Fidelity National Information Services, Inc. (FIS - Analyst Report) and Dick's Sporting Goods Inc. (DKS - Analyst Report).

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Here are highlights from Wednesday’s Analyst Blog:

Fiserv's Solution for Trustmark

Recently, Fiserv, Inc. (FISV - Analyst Report) entered into a multi-year contract with Trustmark National Bank, a unit of Trustmark Corporation (TRMK - Snapshot Report). 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 services.

 

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 (MA - Analyst Report) and Fidelity National Information Services, Inc. (FIS - Analyst Report). 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 industry.

 

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. (DKS - Analyst Report) 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 United States.

 

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