Fiserv Extends Ties with Carleton - Analyst Blog

By
A A A

Recently announced, Fiserv, Inc. ( FISV ) extended its ties with Carleton, Inc. The company decided to ameliorate its Common Origination Platform with Carleton's SmartCales financial tool.

The SmartCales financial software is a lending calculation software which would allow mortgage, business and consumer lenders at every hierarchy to make calculations easily from anywhere to better cater to their customers' risk management solutions. The calculation files shall be integrated pervasively with the Common Origination Platform and shall be consistently maintained and deployed by Carleton throughout the U.S.

Previously, the SmartCalcs software had been used only in the Automotive Loan Origination System. This extension made with Carleton shall enhance the Common Origination Platform of Fiserv leading to value maximization for its customers. Furthermore, the bond with Carleton since 2007, shall also strengthen immensely for the company through this venture.

Fiserv announced the financial results for its final quarter of 2011 on February 2, 2012. The company posted an astounding performance in its Financial and Institution Services segment with revenues rising almost 7% to $540 million in the quarter. Elevated high-margin sales and improved cost efficiencies also allowed the segment to report a rise in operating margin to 33% from 31.8% in the previous year period.

The company currently projects adjusted revenues to grow 4% - 6% in 2012. Even though major growth drivers are expected to act from mid-2012, the current advances made by Fiserv puts it in quite a favorable position to battle ongoing headwinds.

Developments, especially on the positive side, are not singularly peculiar to Fiserv. Not long ago, Heartland Payment Systems ( HPY ) announced that its Mobuyle mobile acceptance solution shall now be integrated with Apple, Inc. ( AAPL ) products, namely its iOS mobile phones. Other ominous competitors prevalent in the industry are Equifax Inc. ( EFX ) and Fidelity National Information Services, Inc. ( FIS ).

At present we have a Neutral recommendation on Fiserv. The stock currently carries a Zacks #2 Rank, which translates into a short-term rating of Buy.


 
APPLE INC ( AAPL ): Free Stock Analysis Report
 
EQUIFAX INC ( EFX ): Free Stock Analysis Report
 
FIDELITY NAT IN ( FIS ): Free Stock Analysis Report
 
FISERV INC ( FISV ): Free Stock Analysis Report
 
HEARTLAND PAYMT ( HPY ): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: AAPL , EFX , FIS , FISV , HPY

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

How to Save Money at Bars
How to Save Money at Bars           

Stocks

Referenced

85%
100%
100%
100%
100%

Most Active by Volume

44,823,339
  • $75.19 ▲ 0.28%
43,744,171
  • $3.44 ▼ 0.29%
42,340,022
  • $97.671 ▲ 0.66%
34,178,145
  • $17.62 ▼ 1.23%
34,028,998
  • $15.59 ▼ 0.19%
32,055,708
  • $21.23 ▼ 2.41%
31,539,235
  • $3.76 ▲ 0.80%
30,434,619
    $34.25 unch
As of 7/25/2014, 04:03 PM