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Fiserv (FISV) to Benefit from Finxact Buyout: Here's How
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Fiserv, Inc. recently announced that it has completed the acquisition of Finxact. The deal was initially announced on Feb 7.
Founded in 2016, Finxact is a developer of a cloud-native banking solution that powering digital transformation throughout the financial services sector.
Over the past year, shares of Fiserv have declined 16.2% compared with 26% loss of the industry it belongs to. The Zacks S&P 500 composite has risen 11.9% in the same time frame.
Image Source: Zacks Investment Research
How Will Fiserv Benefit?
The deal is expected to boost Fiserv’s digital banking strategy by helping it offer smooth and personalized digital banking experiences to its clients.
The buyout brings together Finxact’s flexible and scalable API-first capabilities with the comprehensive digital financial solutions portfolio and expertise of Fiserv. The acquisition strengthens Fiserv’s account processing, digital, and payments solutions.
Considering the increasing demand of digital technology in financial institutions and companies across all industries globally, the deal is expected to strengthen Fiserv’s competitive position in the digital banking industry.
Frank Bisignano, president and chief executive officer at Fiserv, stated, "Together with Finxact, we are accelerating the ability for fintechs and financial institutions to deliver differentiated digital banking experiences to their customers.”
Some other better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , NV5 Global (NVEE - Free Report) and Clean Harbors (CLH - Free Report) , each sporting a Zacks Rank #1.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 76% in the past year. The company has a long-term earnings growth of 6.5%.
NV5 Global has an expected earnings growth rate of 6.1% for the current year. It delivered a trailing four-quarter earnings surprise of 22.2%, on average.
NV5 Global’s shares have surged 40.1% in the past year. The company has a long-term earnings growth of 14.2%.
Clean Harbors has an expected earnings growth rate of 17% for the current year. The company has a trailing four-quarter earnings surprise of 43.2%, on average.
Clean Harbors’ shares have surged 27.5% in the past year.
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Fiserv (FISV) to Benefit from Finxact Buyout: Here's How
Fiserv, Inc. recently announced that it has completed the acquisition of Finxact. The deal was initially announced on Feb 7.
Founded in 2016, Finxact is a developer of a cloud-native banking solution that powering digital transformation throughout the financial services sector.
Over the past year, shares of Fiserv have declined 16.2% compared with 26% loss of the industry it belongs to. The Zacks S&P 500 composite has risen 11.9% in the same time frame.
Image Source: Zacks Investment Research
How Will Fiserv Benefit?
The deal is expected to boost Fiserv’s digital banking strategy by helping it offer smooth and personalized digital banking experiences to its clients.
The buyout brings together Finxact’s flexible and scalable API-first capabilities with the comprehensive digital financial solutions portfolio and expertise of Fiserv. The acquisition strengthens Fiserv’s account processing, digital, and payments solutions.
Considering the increasing demand of digital technology in financial institutions and companies across all industries globally, the deal is expected to strengthen Fiserv’s competitive position in the digital banking industry.
Frank Bisignano, president and chief executive officer at Fiserv, stated, "Together with Finxact, we are accelerating the ability for fintechs and financial institutions to deliver differentiated digital banking experiences to their customers.”
Zacks Rank and Stocks to Consider
Fiserv currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some other better-ranked stocks in the broader Business Services sector that investors may consider are Cross Country Healthcare (CCRN - Free Report) , NV5 Global (NVEE - Free Report) and Clean Harbors (CLH - Free Report) , each sporting a Zacks Rank #1.
Cross Country Healthcare has a trailing four-quarter earnings surprise of 41.5%, on average.
Cross Country Healthcare’s shares have surged 76% in the past year. The company has a long-term earnings growth of 6.5%.
NV5 Global has an expected earnings growth rate of 6.1% for the current year. It delivered a trailing four-quarter earnings surprise of 22.2%, on average.
NV5 Global’s shares have surged 40.1% in the past year. The company has a long-term earnings growth of 14.2%.
Clean Harbors has an expected earnings growth rate of 17% for the current year. The company has a trailing four-quarter earnings surprise of 43.2%, on average.
Clean Harbors’ shares have surged 27.5% in the past year.