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Stock Market & Financial Investment News

News Breaks
December 11, 2012
05:09 EDTTSSTSYS signs PRIME 4 agreement with NMB Bank
TSYS announced that Zimbabwe's NMB Bank Limited has signed an agreement to migrate its Visa credit card portfolio to PRIME 4, the latest version of the TSYS licensed card and merchant management solution. NMB has been a TSYS client since 2001 when it first licensed a card management solution to begin issuing Visa credit cards in Zimbabwe. NMB will use PRIME 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses.
News For TSS From The Last 14 Days
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January 27, 2016
10:00 EDTTSSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BG Group (BRGYY) downgraded to Neutral from Outperform at Credit Suisse... Bed Bath & Beyond (BBBY) downgraded to Sell from Neutral at Citi... Bill Barrett (BBG) downgraded to Neutral from Buy at Ladenburg... Brown & Brown (BRO) downgraded to Underweight at Morgan Stanley... Buffalo Wild Wings (BWLD) downgraded to Neutral from Buy at BTIG... Canadian National (CNI) downgraded to Market Perform from Outperform at Raymond James... DreamWorks (DWA) downgraded to Sell from Hold at Topeka... FirstMerit (FMER) downgraded at RBC Capital... Gentex (GNTX) downgraded to Neutral from Outperform at Baird... Haverty Furniture (HVT) downgraded to Sector Weight from Overweight at KeyBanc... Hercules Technology (HTGC) downgraded to Neutral from Buy at Compass Point... Horizon Technology (HRZN) downgraded to Market Perform from Outperform at Raymond James... Installed Building downgraded to Sector Weight from Overweight at KeyBanc... Jarden (JAH) downgraded to Neutral from Buy at Citi... K+S (KPLUF) downgraded to Sell from Hold at Berenberg... La-Z-Boy (LZB) downgraded at BB&T... Legacy Reserves (LGCY) downgraded to Market Perform from Outperform at FBR Capital... Medivation (MDVN) downgraded to Hold from Buy at Canaccord... Merck (MRK) downgraded to Neutral from Buy at BofA/Merrill... Metaldyne Performance (MPG) downgraded to Neutral from Outperform at Baird... Pier 1 Imports (PIR) downgraded to Sector Weight from Overweight at KeyBanc... Priceline (PCLN) downgraded to Neutral from Buy at Goldman... Profire Energy (PFIE) downgraded to Neutral from Buy at Chardan... Regeneron (REGN) downgraded to Hold at Canaccord... Starwood (HOT) downgraded to Underperform from Outperform at CLSA... Swiss Re (SSREY) downgraded to Equal Weight from Overweight at Morgan Stanley... TSYS (TSS) downgraded to Equal-Weight from Overweight at First Analysis... Talmer Bancorp (TLMR) downgraded to Sector Perform from Outperform at RBC Capital... TopBuild (BLD) downgraded to Sector Weight from Overweight at KeyBanc... TripAdvisor (TRIP) downgraded to Sell from Neutral at Goldman... VMware (VMW) downgraded to Hold from Buy at Summit Research... W.R. Grace (GRA) downgraded to Buy from Conviction Buy at Goldman... WEC Energy (WEC) downgraded to Neutral from Conviction Buy at Goldman... Welltower (HCN) downgraded to Underperform from Market Perform at BMO Capital... Yamana Gold (AUY) downgraded to Neutral from Overweight at JPMorgan.
06:53 EDTTSSTSYS downgraded to Equal-Weight from Overweight at First Analysis
06:32 EDTTSSTSYS downgraded to Equal-Weight from Overweight at First Analysis
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January 26, 2016
16:22 EDTTSSTSYS sees FY16 adjusted EPS $2.56-$2.62, consensus $2.63
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16:21 EDTTSSTSYS reports Q4 adjusted EPS 57c, consensus 60c
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16:20 EDTTSSTSYS acquires TransFirst for $2.35B in cash
TSYS announced it has entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and U.S. merchant solutions provider, in an all-cash transaction valued at approximately $2.35B. The board of TSYS has approved the transaction, which is expected to close in Q2 of 2016, subject to regulatory approvals and other customary closing conditions. TSYS expects the transaction to be accretive in the low double digits to adjusted EPS for the first twelve-month period following closing, excluding one-time acquisition-related fees and expenses. Effective with the closing of the transaction, Mark Pyke, senior executive vice president and president of the TSYS Merchant segment, will be leaving TSYS after six years of service to pursue a new professional challenge in the payments industry. John Shlonsky will assume Pyke's duties and responsibilities for the combined businesses at that time.

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