Credit Services Stocks Technical Reports -- Navient, Discover Financial Services, Total System Services, and On Deck Capital
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
Navient
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
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