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Stock Market & Financial Investment News

News Breaks
January 14, 2014
07:55 EDTHPY, PAY, CATMJPMorgan upgrades VeriFone, cuts Heartland, Cardtronics
JPMorgan recommends taking profits in the merchant acquiring group and downgraded shares of Heartland Payment (HPY) and Cardtronics (CATM) to Neutral from Overweight. The firm upgraded shares of VeriFone (PAY) citing low expectations and the potential for positive earnings revisions with new management in place. JPMorgan raised its price target for VeriFone shares to $32 from $27.
News For PAY;HPY;CATM From The Last 14 Days
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July 30, 2014
16:13 EDTCATMCardtronics reports Q2 adjusted EPS 61c, consensus 58c
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16:12 EDTCATMCardtronics sees 2014 adjusted EPS $2.28-$2.32, consensus $2.27
Sees 2014 revenue $1.005B-$1.02B, consensus $1.00B.
15:43 EDTCATMCardtronics in talks to buy security unit from Co-operative Group, Sky News says
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09:03 EDTHPYHeartland Payment to acquire TouchNet Information Systems for $375M
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July 23, 2014
10:02 EDTCATMOn The Fly: Analyst Upgrade Summary
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07:25 EDTCATMCardtronics upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Cardtronics to Overweight citing accretion from the Welch ATM acquisition. The firm raised its price target for shares to $45 from $39.
July 22, 2014
06:42 EDTCATMCardtronics to host conference call
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July 21, 2014
17:00 EDTCATMCardtronics to acquire Welch ATM for $160M
Cardtronics announced a definitive agreement under which it will acquire Welch ATM for $160M. Upon completion of the transaction, the combined company will support a global portfolio of 109,600 ATMs, including 92,500 conveniently located retail ATMs in the United States. The combined business will be positioned to accelerate revenue growth, achieve cost synergies, create additional value for its retailer and financial institution customers, and drive shareholder value. A combined Cardtronics and Welch ATM organization will also bring together the leading providers of ATM services to Walgreens. The collective Walgreens portfolio totals 5,100 ATMs and a presence in a significant portion of the retailer's nationwide footprint. Additionally, Welch ATM will add 3,100 company-owned, Rite Aid-located ATMs to Cardtronics' roster of premier retailer locations. The companies anticipate closing later in Q3. Cardtronics will update its FY14 guidance to include the acquisition of Welch ATM following the completion of the transaction.

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