PRA Group Inc. (PRAA - Free Report) recently acquired eGov Systems for an undisclosed purchase price.
e-Gov Systems provides web-based payment portals and integrated revenue administration solutions to the government sector. The company was founded two decades ago and currently caters to the payment needs of more than 300 clients. It successfully processes more than $1.2 million online transactions every year.
e-Gov has been providing its payment portal services to PRA Group’s government business since 2008. Therefore, the acquisition of e-Gov will help PRA Group to add capabilities to its existing online payment portals apart from enhancing services and broadening client base.
PRA Group undertakes strategic buyouts for growth and expansion. Acquisitions of IGS Nevada, Alatax, Broussard Partners, MuniServices, Claims Compensation Bureau and Mackenzie Hall have enabled the company to expand its operations beyond primary debt collection to government collections, audit services and claims settlement. This diversification has also facilitated it maintain steady earnings growth as well as partially mitigate the stress on collections due to the recent economic softness.
PRA group currently carries a Zacks Rank #5 (Strong Sell). Also, the Zacks Consensus Estimate has been revised downward over the past several weeks. However, we expect the aforesaid acquisition to result in upward estimate revisions and an upgrade in Zacks Rank.
Insurers often undertake acquisitions to drive growth. Recently, Assurant Inc. (AIZ - Free Report) acquired Americaln Title Inc. to strengthen its capabilities in the housing market. Also, Arthur J. Gallagher & Co. (AJG - Free Report) acquired 85% interest in Brim AB to expand its presence in Scandinavia. AmTrust Financial Services, Inc. acquired Total Program Management LLC to expand its esteemed fee-based businesses.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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PRA Group Inc. (PRAA - Free Report) recently acquired eGov Systems for an undisclosed purchase price.
e-Gov Systems provides web-based payment portals and integrated revenue administration solutions to the government sector. The company was founded two decades ago and currently caters to the payment needs of more than 300 clients. It successfully processes more than $1.2 million online transactions every year.
e-Gov has been providing its payment portal services to PRA Group’s government business since 2008. Therefore, the acquisition of e-Gov will help PRA Group to add capabilities to its existing online payment portals apart from enhancing services and broadening client base.
PRA Group undertakes strategic buyouts for growth and expansion. Acquisitions of IGS Nevada, Alatax, Broussard Partners, MuniServices, Claims Compensation Bureau and Mackenzie Hall have enabled the company to expand its operations beyond primary debt collection to government collections, audit services and claims settlement. This diversification has also facilitated it maintain steady earnings growth as well as partially mitigate the stress on collections due to the recent economic softness.
PRA group currently carries a Zacks Rank #5 (Strong Sell). Also, the Zacks Consensus Estimate has been revised downward over the past several weeks. However, we expect the aforesaid acquisition to result in upward estimate revisions and an upgrade in Zacks Rank.
Insurers often undertake acquisitions to drive growth. Recently, Assurant Inc. (AIZ - Free Report) acquired Americaln Title Inc. to strengthen its capabilities in the housing market. Also, Arthur J. Gallagher & Co. (AJG - Free Report) acquired 85% interest in Brim AB to expand its presence in Scandinavia. AmTrust Financial Services, Inc. acquired Total Program Management LLC to expand its esteemed fee-based businesses.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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