Recently,
Fiserv, Inc.
(
FISV
) declared that BridgePortfolio, Inc., a Chicago-based Back Office
Outsource Provider has extended its agreement with the company to
deploy its Portfolio Management and Trading solutions platform. The
tenure of the contract is for five-years. The company through its
improved service offerings will provide updated wealth management
solutions to BridgePortfolio.
BridgePortfolio, with approximately $2 billion in assets, has
chosen Fiserv having duly recognized its highly developed
technology with flexible, scalable and customized systems.
Fiserv's management expressed its satisfaction with the
association by stating that its Portfolio Management and Trading
service portal will not only cater to BridgePortfolio's
requirements but also assist its business prospects moving ahead.
The company appears quite proactive in winning contracts of
late. On July 31, 2012, the company's Common Origination Platform
has been adopted by MCNB Trust & Co. This was done with the
clear intent of ending the account process management system of
MCNB Trust and offering enhanced services to its customer. These
acquisitions are likely to be major growth drivers for the company
going forward.
However, it is always wise for Fiserv to be cautious of
competitive strides in the industry. Formidable players to take
note of in this regard include
Mastercard Incorporated
(
MA
),
Fidelity National Information Services, Inc.
(
FIS
) and
Total System Services, Inc.
(
TSS
). Moreover, Fiserv faces an ongoing threat from billers and
self-sufficient financial institutions that develop and use their
own electronic payment transactions and Internet banking
solutions.
The current Zacks Consensus Estimates for Fiserv, Inc. are $1.27
and $5.18 for the third quarter of 2012 and for fiscal 2012,
respectively. The estimates represent a year-over-year growth of
9.82% for the third quarter and 13.06% for 2012.
We currently have a long-term recommendation of Neutral for
Fiserv. The stock also bears a Zacks #3 Rank, which translates into
a short-term rating of Hold.
FIDELITY NAT IN (FIS): Free Stock Analysis
Report
FISERV INC (FISV): Free Stock Analysis Report
MASTERCARD INC (MA): Free Stock Analysis Report
TOTAL SYS SVC (TSS): Free Stock Analysis Report
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