Strong Week For Network, Acquiring Stocks
Investors seemed to love ACI Worldwide’s explanation for why it acquired S1 Corp., as the New York-based acquirer’s stock price rose seven percent following an update issued this week. At nearly $40 a share, ACIW is trading near its 52-week high, and is up more than 38 percent since the start of 2012.
Two other major acquirer/processors — Fiserv and TSYS — also enjoyed strong weeks of trading, with their stock prices increasing 5.4 percent and 4.2 percent respectively over five days. Those three acquirers combined with the big four payment networks — Discover (6.8), MasterCard (6.3), American Express (4.5) and Visa (3.9) — to round out the top seven gainers among public companies in the payments industry.
Net 1 UEPS, a South Africa-based processor that trades on the NASDAQ (symbol: UEPS), was payments’ biggest loser for the week, as its shares fell more than three percent. The company is relatively small, with a market capitalization of roughly $375 million as of Friday.
Updates to each of PYMNTS.com’s Stock Indices are published below.
|Bank Payment||Remittance||Prepaid Issuer||All Payments|
|Weekly Gain (#)||4.79||7.51||2.97||1.29||1.16||0.61||3.33|
|Weekly Gain (%)||4.19%||4.98%||2.71%||1.34%||1.37%||1.31%||2.89%|