Fiserv Announces JV with Deutsche Bank

Fiserv (FISV) has entered into a joint venture agreement with Germany’s largest bank, Deutsche Bank Ag (DB), to create a comprehensive platform for payment acceptance and banking solutions, enhancing the Read More... The post Fiserv Announces JV with Deutsche Bank appeared first on TipRanks Financial Blog.

Fiserv Announces JV with Deutsche Bank

Fiserv (FISV) has entered into a joint venture agreement with Germany’s largest bank, Deutsche Bank Ag (DB), to create a comprehensive platform for payment acceptance and banking solutions, enhancing the customer experience in a rapidly changing post-COVID scenario.

Fiserv is a leading global provider of payment and financial services technology in the U.S. (See FISV stock chart on TipRanks)

The combination of Fiserv’s popular point-of-sale platform, Clover, with Deutsche Bank products, will create a “one-stop-shop” for thousands of clients across 800,000 SMEs, leading to a better client experience, lower costs and reduced complexity. SME clients will be able to sell their products and services across a comprehensive range of digital and in-person channels.

Furthermore, both companies intend to bring multiple payment solutions together, complementing Deutsche Bank’s banking offering. This will save merchants from entering multiple contracts with a variety of payment providers.

Subject to certain regulatory approvals, the JV will cater to small and medium-sized enterprises (SMEs) in Germany and be based in Frankfurt.

John Gibbons, Head of EMEA at Fiserv, commented, "Together with Deutsche Bank, we will be able to help small and mid-sized enterprises in Germany do business in new ways, bringing them a compelling combination of solutions and services to streamline their payment acceptance and banking capabilities."  

Robert W. Baird analyst David Koning recently maintained a Buy rating and a price target of $148 (37.6% upside potential) on the stock.

Koning continues to favor the stock as he believes that Fiserv presents the fastest and most consistent growth in earnings, driven by improved spending at restaurants and strong economic indicators, like mobility and resurging air travel.

Overall, the stock has a Strong Buy consensus rating based on 10 Buys and 3 Holds. The average Fiserv analyst price target of $142.45 implies 32.4% upside potential from current levels.

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KBR Bags Patriot Missile System Services Contract from NSPA

Science, technology, and engineering solutions provider KBR (KBR) has won a services contract for the PATRIOT missile system from the NATO Support and Procurement Agency (NSPA). This includes analytical, engineering, Read More... The post KBR Bags Patriot Missile System Services Contract from NSPA appeared first on TipRanks Financial Blog.

KBR Bags Patriot Missile System Services Contract from NSPA

Science, technology, and engineering solutions provider KBR () has won a services contract for the PATRIOT missile system from the NATO Support and Procurement Agency (NSPA). This includes analytical, engineering, technical, programmatic, and logistics services.

The PATRIOT missile system, in use by a number of NATO countries globally, is an advanced surface-to-air guided air and missile defense system.

KBR Government Solutions President Byron Bright said, “We have a long history supporting NSPA and we are proud to continue this trusted relationship.” (See KBR stock chart on TipRanks)

Bright added, “KBR’s expertise in cutting-edge research will assist NSPA in responding to today’s dynamic threat environment in multiple theatres worldwide.”

The contract is for a period of three years with the option of two additional years. The scope of KBR’s deliverables includes systems engineering, program management, modeling and simulation, production, logistics, and deployment, among other services.

Notably, the company has provided advisory and assistance services for the PATRIOT system for over 40 years.

Recently, Cowen & Co. Analyst Gautam Khanna reiterated a Buy rating on the stock and increased the price target to $46 (20.5% upside potential) from $41.

Noting the company’s Q1 performance as in-line, Khanna commented, “Government Services underlying orders were better than optics of the reported book/bill. The stock is apt to grind higher as KBR’s premium growth is recognized by investors.”

Based on 6 Buys and 1 Hold, consensus on the Street is a Strong Buy. The average KBR analyst price target of $44.57 implies 16.8% upside potential. Shares are up 54.5% over the past year.

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The post KBR Bags Patriot Missile System Services Contract from NSPA appeared first on TipRanks Financial Blog.

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