Latest news with #BryanBergin
Yahoo
a day ago
- Business
- Yahoo
TD Cowen Maintains a Buy on Mastercard Incorporated (MA)
Mastercard Incorporated (NYSE:MA) is one of the best stocks to invest in for beginners. TD Cowen analyst Bryan Bergin maintained a Buy rating on Mastercard Incorporated (NYSE:MA) on August 11, setting a $645.00 price target. A woman using a payment terminal at the checkout of a store showing payment products and solutions. The analyst based the rating on Mastercard Incorporated's (NYSE:MA) resilience and strategic position in the global payments landscape, stating that the company is capitalizing on the continual digitization of payments. This is a significant growth driver for Mastercard Incorporated (NYSE:MA), according to the analyst, that the market is not fully appreciating. The analyst added that Mastercard Incorporated (NYSE:MA) has a diverse growth strategy that is anticipated to support its growth momentum, including its VASS flywheel. Mastercard Incorporated (NYSE:MA) is a technology company that provides payment solutions for developing and implementing debit, credit, prepaid, commercial, and payment programs via its brands. Its portfolio includes Mastercard, Cirrus, and Maestro. The company also offers intelligence and cyber solutions. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Analysts Endorse Fiserv's (FI) Fundamentals, See Pullback as Opportunity
Fiserv Inc. (NYSE:FI) is one of the best large-cap tech stocks to buy now. On July 24, TD Cowen's Bryan Bergin reiterated his Buy rating on Fiserv but trimmed the price target to $188 from $233. Bergin's decision came a day after the company reported its Q2 2025 results. According to him, the stock has come under pressure after the results and a downward revision to the company's growth outlook. He acknowledges that execution issues, especially within the Merchant segment, are weighing on sentiment. However, he argues that Fiserv's competitive positioning and differentiated assets remain intact. He points to several operational initiatives that could help steady performance and drive roughly 10% revenue growth alongside more than 15% earnings expansion. Copyright: belchonock / 123RF Stock Photo The analyst also believes the market is assigning an overly cautious value to Merchant Solutions compared with peers, and that concerns about reliability are likely to ease over time. In his view, the current pullback offers an attractive entry point for long-term investors. In its July 11 investor letter, Giverny Capital Asset Management said it added Fiserv to its portfolio in Q2, citing the company's decades-long track record of double-digit annual earnings growth. Even with slower momentum in Clover (its point-of-sale and business management platform), they expect about 15% earnings growth this year to roughly $10 per share. Giverny also sees the current valuation as attractive, considering it trades just over 14x forward earnings versus the market's 20x. They also view Fiserv's extensive network of regional bank partners as a key competitive edge. Fiserv Inc. (NYSE:FI) is a provider of payments and financial services technology solutions that serves clients around the globe, including merchants, banks, credit unions, other financial institutions, and corporate and public sector clients. While we acknowledge the potential of FI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and 10 Most Oversold Semiconductor Stocks So Far in 2025. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
06-08-2025
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Fidelity National Info (FIS)
TD Cowen analyst Bryan Bergin reiterated a Buy rating on Fidelity National Info today and set a price target of $93.00. The company's shares closed today at $72.22. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Bergin is a 2-star analyst with an average return of 0.7% and a 46.11% success rate. Bergin covers the Technology sector, focusing on stocks such as Automatic Data Processing, Genpact, and Exlservice Holdings. In addition to TD Cowen, Fidelity National Info also received a Buy from William Blair's Christopher Kennedy in a report issued today. However, on August 1, TR | OpenAI – 4o reiterated a Hold rating on Fidelity National Info (NYSE: FIS).
Yahoo
01-08-2025
- Business
- Yahoo
PayPal embarks on $300M restructuring
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Digital payments pioneer PayPal Holdings has begun a 'large-scale initiative' to update its 'existing technology infrastructure' at an estimated cost of as much as $300 million, the company said. The effort is expected to occur over 18 to 42 months and resulted in a $95 million charge during the second quarter, including for employee severance and benefits costs, according to a PayPal quarterly filing Tuesday with the Securities and Exchange Commission. The workforce reductions associated with the plan are expected to be completed by 2027, the filing said. It's a major 'existential' technology upgrade for a company that's considered the 'grand-daddy' of the fintech industry, TD Cowen analyst Bryan Bergin said in an interview. It's a part of providing the technology support for their new initiatives and re-accelerating growth, he said, referring to plans laid out at a February meeting with investors and analysts by PayPal CEO Alex Chriss and other executives. 'Large organizations need modern technology, and that's a component of this,' Bergin explained in a Thursday interview. 'So a lot of this has to do with making sure they are on the most modern technology, and it is also about consolidating disparate systems behind the scenes.' The company laid out the benefits it's seeking by way of the restructuring in its quarterly filing. 'Management undertook a large-scale initiative (the 'Q2 2025 Plan') to re-engineer our existing technology infrastructure to improve scalability, reduce network latency, decrease operational costs, and optimize our workforce,' the filing said. A spokesperson for the San Jose, California-based company declined to comment on the workforce reduction beyond the quarterly filing, which didn't specify how many employees will be cut. The restructuring was mentioned only briefly during a Tuesday webcast with analysts to discuss the company's second-quarter financial results. 'You'll also see in our (second-quarter) materials that we recorded restructuring costs of approximately $92 million,' PayPal's chief financial officer, Jamie Miller, told analysts during the webcast, referencing a non-GAAP figure. 'These costs are related to workforce actions and the key tech transformation initiatives that we discussed in our investor day,' she said. Chriss, who took the top post in September 2023, has replaced much of the company's management team and set a new strategic course since taking over from Dan Schulman, who struggled to expand the company's business after a temporary benefit from COVID-19 e-commerce activity. The three-year initiative will 're-engineer infrastructure, streamline operations and exit certain data centers as we unify platforms and migrate more to cloud-based solutions,' Miller said. Benefits of the overhaul will include increased speed, more flexibility in operations, better data utilization and increased scalability, she added. Based on the quarterly disclosure, the company expects to absorb as much as $300 million in overall cost reductions under the restructuring plan over time. Overall, PayPal forecast $90 million to $100 million in employee severance costs; $40 million to $60 million in accelerated depreciation expense; and other costs of $110 million to $140 million related to the initiative, the filing said. Some of the other costs are related to the re-engineering work, migration to cloud-based software expense, contractor costs, consulting fees, prepaid software expense and maintenance costs, the filing said. Still, the plan is still developing and the cost estimates could change, PayPal noted. The restructuring is also designed to allow the company to better compete with a slew of fintechs entering the payments arena. The current PayPal management team is showing 'more urgency in ultimately modernizing the company because if you don't it's going to be much more difficult in to compete with digital, native players built on stacks today,' Bergin said. Despite some macroeconomic headwinds this year, including related to U.S. tariffs, the company's PayPal namesake payments business for merchants, its Braintree offering for larger businesses and Venmo peer-to-peer system continued to expand. The company's second-quarter payments volume rose 6%, or 5% on a foreign exchange neutral basis, including 45%-plus growth in its Venmo volume and 20%-plus growth in buy now, pay later payments volume, the earnings report showed. Second-quarter net income rose 12% over the year-ago period to $1.26 billion as revenue climbed 5% to $8.29 billion, including a 20% jump in revenue from Venmo, PayPal said. Second-quarter sales and administrative expense dropped 19% to $461 million from a year ago, according to the earnings report, likely reflecting the smaller workforce. Those costs typically include labor expenses. As of the end of last year, PayPal had about 24,400 employees worldwide, including about 8,900 in the U.S., according to the company's annual filing with the SEC in February. PayPal also noted a 'workforce reduction' that began in the first quarter related to a new regulation in an unidentified international market, saying in the quarterly filing that it resulted in costs for the first half of the year of $36 million. Restructuring and related costs have been a reality for the company for the past two years. While the overall 'restructuring and other' charge for the second quarter this year was 3% higher at $116 million relative to the same quarter last year, PayPal's $182 million expense for the first half of this year was 44% lower than for the first half of 2024, according to the filing. Recommended Reading PayPal pays up for talent Sign in to access your portfolio
Business Insider
26-06-2025
- Business
- Business Insider
TD Cowen Sticks to Their Hold Rating for Paychex (PAYX)
In a report released today, Bryan Bergin from TD Cowen maintained a Hold rating on Paychex (PAYX – Research Report), with a price target of $149.00. The company's shares closed today at $137.94. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Bergin is a 3-star analyst with an average return of 2.5% and a 49.43% success rate. Bergin covers the Technology sector, focusing on stocks such as Accenture, Exlservice Holdings, and Genpact. Paychex has an analyst consensus of Hold, with a price target consensus of $163.33, representing a 18.41% upside. In a report released on June 19, Stifel Nicolaus also maintained a Hold rating on the stock with a $156.00 price target. The company has a one-year high of $161.24 and a one-year low of $115.40. Currently, Paychex has an average volume of 2.05M. Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAYX in relation to earlier this year. Most recently, in April 2025, Michael Gioja, the SVP of PAYX sold 31,653.00 shares for a total of $4,893,136.23.
