NEW YORK, August 9, 2016 /PRNewswire/ --
Even before e-commerce, consumers have always looked for convenient payment modes to purchase products and services. This morning, Stock-Callers.com takes a look at four equities in the Credit Services industry to review their performances over the previous trading sessions: Navient Corp. (NASDAQ: NAVI), Discover Financial Services (NYSE: DFS), Total System Services Inc. (NYSE: TSS), and On Deck Capital Inc. (NYSE: ONDK). Download the free research reports on these stocks today: http://stock-callers.com/registration
Wilmington, Delaware headquartered Navient Corp.'s stock finished Monday's session 1.17% lower at $14.36 with a total volume of 2.85 million shares traded. The Company's shares have advanced 13.16% in the past month, 10.32% over the previous three months, and 28.78% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.54% and 21.34%, respectively. Furthermore, shares of Navient, which provides financial products and services in the US, have a Relative Strength Index (RSI) of 59.09.
On July 19th, 2016, Navient reported GAAP net income of $125 million ($0.38 diluted earnings per share) for Q2 2016 compared with $182 million ($0.47 diluted earnings per share) for Q2 2015. The company noted that Q2 2016 financial results include three FFELP asset-backed securities transactions totaling $1.8 billion, a $255 million reduction in unsecured debt, and 13.6 million common shares repurchased.
On July 21st, 2016, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. See our free and comprehensive research report on NAVI at: http://stock-callers.com/registration/?symbol=NAVI
Discover Financial Services
On Monday, shares in Riverwoods, Illinois-based Discover Financial Services ended the session at 57.96, up 0.29%. The stock recorded a trading volume of 2.91 million shares, which was above its three months average volume of 2.83 million shares. The Company's shares have gained 5.98% in the last one month, 5.64% in the previous three months, and 9.88% since the start of this year. The stock is trading 5.26% above its 50-day moving average and 10.49% above its 200-day moving average. Moreover, shares of Discover Financial Services, which operates as a direct banking and payment services company in the US, have an RSI of 63.06.
On July 19th, 2016, Discover Financial Services reported net income of $616 million, or $1.47 per diluted share, for Q2 2016 as compared to $599 million, or $1.33 per diluted share, for Q2 2015. The company noted that total loans grew $2.9 billion, or 4%, from the prior year to $71.9 billion, while direct to consumer and affinity deposits grew $4.6 billion, or 16%, from the prior year to $34.1 billion.
On July 20th, 2016, research firm RBC Capital Markets reiterated its 'Top Pick' rating on the Company's stock with an increase of the target price from $68 a share to $73 a share. DFS free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=DFS
Total System Services
Columbus, Georgia headquartered Total System Services Inc.'s stock ended yesterday's session 1.52% lower at $48.57. A total volume of 1.66 million shares was traded, which was above their three months average volume of 1.28 million shares. The Company's shares are trading 2.43% below their 200-day moving average. Additionally, shares of Total System Services, which provides payment processing, merchant, and related payment services to financial and nonfinancial institutions in the US, Europe, Canada, Mexico, and internationally, have an RSI of 33.73.
On July 26th, the company reported that total revenues for Q2 2016 were $1.2 billion, an increase of 66.3% over last year's $692.7 million. GAAP net income attributable to company's common shareholders, which includes the expenses of closing the TransFirst acquisition during the quarter, was $69.7 million, a decrease of 15.9% from last year's $82.8 million.
On July 28th, 2016, research firm First Analysis Sec upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight', issuing a target price of $62 per share. Sign up for your complimentary report on TSS at: http://stock-callers.com/registration/?symbol=TSS
On Deck Capital
At the close on Monday, shares in New York headquartered On Deck Capital Inc. recorded a trading volume of 573,305 shares. The stock finished 1.71% lower at $5.16. The Company's shares have gained 5.09% in the previous three months. The stock is trading below its 50-day moving average by 0.21%. Furthermore, shares of On Deck Capital, which operates an online platform for small business lending in the US, have an RSI of 48.92.
On August 8th, 2016, On Deck announced that for Q2 2016 the company increased Loans Under Management by 47% year-over-year to $1 billion and increased gross revenue by 10% to $69.5 million. The company's adjusted net loss was $14.0 million for the quarter, compared to adjusted net income of $7.3 million in the prior year period. Register for free on Stock-Callers.com and download the latest research report on ONDK at: http://stock-callers.com/registration/?symbol=ONDK
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
CONTACT For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: Email: firstname.lastname@example.org Phone number: +44 330 808 3765 Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA