Omnicom Group’s (OMC - Free Report) shares have had an impressive run on the bourse over the past year. The stock has appreciated 40.8%, outperforming the Zacks S&P 500 composite’s rise of 25.9%.
The company’s subsidiary, Omnicom Media Group (“OMG”), recently announced the acquisition of Jump 450 Media for an undisclosed amount.
Established in 2016, Jump 450 Media is a New York-based performance marketing agency that emphasizes on customer acquisition for high-growth and enterprise clients in industries like consumer, gaming, health and wellness and fintech.
The company has been named in AdAge's 2020 Best Places to Work, Fast Company's 2020 Best Workplaces, and Inc.'s 2019 Best Workplaces.
How Will Omnicom Benefit?
The acquisition of Jump 450 can help OMG establish a dedicated performance media platform and business operation.
According to Daryl Simm, Global chairman and CEO of OMG, Jump’s expertise in performance marketing and e-commerce media will help increase quality of OMG’s performance media offerings. This in turn will increase OMG’s quality of assistance toward high-growth and outcomes-focused clients.
Other Stocks to Consider
Omnicom currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the broader Zacks Business Services sector are ManpowerGroup (MAN - Free Report) , Interpublic Group of Companies (IPG - Free Report) and Cross Country Healthcare (CCRN - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for ManpowerGroup, Interpublic and Cross Country Healthcare is pegged at 24.2%, 11.5% and 9.9%, respectively.
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Omnicom Group’s (OMC - Free Report) shares have had an impressive run on the bourse over the past year. The stock has appreciated 40.8%, outperforming the Zacks S&P 500 composite’s rise of 25.9%.
The company’s subsidiary, Omnicom Media Group (“OMG”), recently announced the acquisition of Jump 450 Media for an undisclosed amount.
Established in 2016, Jump 450 Media is a New York-based performance marketing agency that emphasizes on customer acquisition for high-growth and enterprise clients in industries like consumer, gaming, health and wellness and fintech.
The company has been named in AdAge's 2020 Best Places to Work, Fast Company's 2020 Best Workplaces, and Inc.'s 2019 Best Workplaces.
How Will Omnicom Benefit?
The acquisition of Jump 450 can help OMG establish a dedicated performance media platform and business operation.
According to Daryl Simm, Global chairman and CEO of OMG, Jump’s expertise in performance marketing and e-commerce media will help increase quality of OMG’s performance media offerings. This in turn will increase OMG’s quality of assistance toward high-growth and outcomes-focused clients.
Other Stocks to Consider
Omnicom currently carries a Zacks Rank #2 (Buy).
Some other stocks worth considering in the broader Zacks Business Services sector are ManpowerGroup (MAN - Free Report) , Interpublic Group of Companies (IPG - Free Report) and Cross Country Healthcare (CCRN - Free Report) , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for ManpowerGroup, Interpublic and Cross Country Healthcare is pegged at 24.2%, 11.5% and 9.9%, respectively.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
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