Universal Gains Lead To Strong Week For Payments

What's Next In Payments®
3:24 PM EST April 14th, 2013

The payments industry gained a modest 0.63 percent on the stock market this week, as every industry subset finished with positive results.

One week after suffering from a significant loss, the remittance industry rebounded nicely, growing 4.77 percent to finish with the strongest subset performance on our indices. Western Union led the group with a 5.03 percent jump to $15.04, while MoneyGram International followed suit with a 2.57 percent jump to $17.53.

The strongest individual performance on the week went to NCR Corporation, which grew 6.90 percent to $28.20 to build on a strong year-to-date growth of 10.68 percent. Global Cash Access Holdings barely missed out on top honors, gaining 6.73 percent to hit $7.14 after a turbulent week.

The acquirer/processor industry also saw a nice rebound from the previous week, jumping 3.58 percent. Fidelity National Information Service and ACI Worldwide each saw gains north of 4.00 percent, while TSYS and Fiserv each saw gains between 3.50 and 4.00 percent.

The company with the worst performance of the week was USA Technologies Inc, dropping -8.7 percent to just $2.31 per share after a steep decline in price on Friday. Net1 UEPS Technologies and Heartland Payment Systems rounded out the bottom three, finishing with more modest losses of -2.22 percent and -1.01 percent, respectively.

Interestingly, the four major U.S. networks all had very similar weeks, finishing with slight gains of between 0.26 percent and 0.58 percent each.

PYMNTS Stock Index 2013 04 15

PYMNTS Stock Index 2013 04 15

Also by This Author
What's Hot
Merchant Innovation
“Shazam for Fashion” Launches Stylist App
Samsung’s Double-Barrel Galaxy S6 Launch
Consumers Go Mobile For Smart-Device Research
Merchant Innovation
Will Half Of All Americans Be Amazon Prime Customers By 2020
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
The Shortlist – Get To Know Them Today, You’ll Be Talking About Them Tomorrow
B2B Payments
B2B Meets The Cloud: The Evolution of Payments
B2B Payments
ING Boosts B2B E-Payment Services with Basware
B2B Payments
Wonga Chooses Buyer for Nixed Business Lending Unit
View All Articles ››