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.
About the Bank Payment Indices
Acquirer/ Processor |
Network | POS Equipment/ Software |
Bank Payment | Remittance | Prepaid Issuer | All Payments | |
Closing | 119.18 | 158.27 | 112.39 | 97.45 | 85.51 | 46.86 | 118.31 |
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% |