Shares of First Data Corporation (FDC - Free Report) have gained 4.5% year to date, against the 11.1% decline of the industry it belongs to.
The company recently launched SpendTrend Holiday Insights, a real-time spending dashboard.
It is useful in providing insights into spending trends across industry verticals and payment types. The analysis encompasses card-based payment forms and is based on actual, same-store-sales activity. Growth rates reflect a comparison of season-to-date trends on year-over-year basis.
Insights include seasonal growth rates for overall and industry-specific spending categories, geographic spending patterns and special day-range callouts. It delivers a daily ranking of the most active subsectors and a view of dining spend velocity. Results are based on data driven from transaction activity from a selected subset of First Data’s processing portfolio.
“Holiday Insights provides real-time information for the upcoming high-volume consumer spending holiday season,” stated Glenn Fodor, senior vice president and head of First Data Insights.
Holiday Insights is currently available at www.firstdata.com/SpendTrend through Jan 3, 2019.
The move is expected to boost the Global Business Solutions (GBS) segment, which offers a wide range of solutions that include E-commerce, mobile commerce, point of sale and merchant acquiring.
This segment performed decently in the last reported quarter, generating revenues of $1.38 billion, up 10% on a year-over-year basis.
Zacks Rank & Stocks to Consider
Currently, First Data is a Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few better-ranked stocks in the broader Zacks Business Services sector are Paychex, Inc. (PAYX - Free Report) , WEX Inc. (WEX - Free Report) and Automatic Data Processing Inc. (ADP - Free Report) , each carrying a Zacks Rank #2 (Buy). Long-term expected EPS (three to five years) growth rates for Paychex, WEX and Automatic Data Processing are 8.5%, 15% and 12.5%, respectively.
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