Business Services Stocks Under Scanner -- First Data, Moody's, FleetCor Technologies, and TransUnion
NEW YORK, February 6, 2017 /PRNewswire/ --
Today's attention is directed to the Business Services space, which is looking reasonably good in Q4 2016, with sector earnings expected to grow 5.4%, and sales likely to rise 8% from last year. According to a Zacks' report, the projected improvement is majorly driven by the growing momentum in the economy as a whole, as well as the job market, in particular, during the quarter. Ahead of this morning's trading session, Stock-Callers.com shifts its focus on First Data Corp. (NYSE: FDC), Moody's Corp. (NYSE: MCO), FleetCor Technologies Inc. (NYSE: FLT), and TransUnion (NYSE: TRU). You can access our complimentary research reports on these stocks now at:
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First Data
Atlanta, Georgia headquartered First Data Corp.'s stock climbed 2.56%, finishing last Friday's trading session at $15.64. A total volume of 2.99 million shares was traded. The Company's shares have gained 2.69% in the last month, 13.58% over the previous three months, and 10.22% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.48% and 17.49%, respectively. Additionally, shares of First Data, which provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide, have a Relative Strength Index (RSI) of 57.76.
On January 23rd, 2017, First Data announced that it will release Q4 2016 financial results before the market opens on February 13th, 2017. The Company will host a conference call to review these results on that day at 8 a.m. ET.
On January 27th, 2017, research firm Cantor Fitzgerald initiated a 'Neutral' rating on the Company's stock. Visit us today and download your complete report on FDC for free at:
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Moody's
Shares in New York headquartered Moody's Corp. ended at $106.17, up 1.68% from the last trading session. The stock recorded a trading volume of 1.06 million shares, which was higher than its three months average volume of 1.05 million shares. The Company's shares have advanced 9.35% in the past month, 8.79% in the previous three months, and 12.62% on an YTD basis. The stock is trading 7.49% and 5.49% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Moody's, which provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide, have an RSI of 76.96.
On January 10th, 2017, research firm UBS downgraded the Company's stock rating from 'Buy' to 'Neutral' while revising its previous target price from $116 a share to $99 a share.
On January 13th, 2017, Moody's announced that it has reached an agreement with the US Department of Justice (DOJ) and the attorney generals of 21 US states and the District of Columbia to resolve pending and potential civil claims related to credit ratings that Moody's Investors Service assigned to certain structured finance instruments in the financial crisis era. Under the terms of the agreement, Moody's will pay a $437.5 million civil penalty to the DOJ to resolve potential civil claims asserted under the Financial Institutions Reform, Recovery and Enforcement Act. The complimentary research report on MCO can be accessed at:
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FleetCor Technologies
On Friday, shares in Norcross, Georgia headquartered FleetCor Technologies Inc. recorded a trading volume of 759,737 shares. The stock rose 1.80%, closing the day at $150.72. The Company's shares have gained 2.50% in the last one month and 6.50% on an YTD basis. The stock is trading 1.62% above its 50-day moving average. Additionally, shares of FleetCor Technologies, which provides fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services, have an RSI of 56.72.
On January 26th, 2017, FleetCor announced that it will host a conference call to discuss Q4 2016 financial results on February 08th, 2017 at 5:00 pm ET. The Company will issue a press release with Q4 2016 financial results after the market close that same day. Register for free on Stock-Callers.com and download the PDF research report on FLT at:
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TransUnion
At the close of trading on Friday, shares in Chicago, Illinois headquartered TransUnion recorded a trading volume of 452,678 shares. The stock finished the session 2.09% higher at $32.68. The Company's shares have gained 4.84% in the past month, 6.17% over the previous three months, and 5.66% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.51% and 1.53%, respectively. Furthermore, shares of TransUnion, which provides risk and information solutions, have an RSI of 63.91.
On January 18th, 2017, research firm Morgan Stanley upgraded the Company's stock rating from 'Equal-Weight' to 'Overweight'.
On January 25th, 2017, TransUnion unveiled IDVision(SM), a suite of solutions providing businesses with a holistic approach to fraud and identity management. IDVision helps companies stop sophisticated and evolving fraud while also protecting and restoring their confidence in conducting business. Get free access to your research report on TRU at:
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