Payments Industry Stock Price Tracker

Navigator Edition: August 2014
By: Collin Bauer

First Annapolis monitors monthly and annual movement in stock prices and market capitalization for companies across the payments value chain. Observations for July 2014 are reflected in Figure 1. Last month, the payments sectors that First Annapolis tracks experienced mixed gross results; however, all sectors either equaled or outperformed the overall market’s 2% decline in July.

The issuing sector matched overall market trends and posted declines of 2% in aggregate in July. Nearly all issuers tracked posted negative results in July except for Citi and WEX, which experienced gains of 2% and 1%, respectively. FleetCor’s overall stock performance has surpassed others in the sector since January with its double-digit year-to-date gains of 12%. The issuing sector, as a whole, has posted declines of 3% in 2014 on a YTD basis.

The processor / acquirer sector experienced overall gains of 1% in July, driven largely off positive results from Heartland (+15%), and 2% gains from the two largest players in the sector, FIS and Fiserv. Heartland’s stock increase was partially due to its announced acquisition of TouchNet Information Systems, expected to close in Q3 2014. Global Payments, despite YTD gains of 7%, posted declines of 5% in July and trailed the overall market. While individual performance has varied significantly, the processor / acquirer sector as a whole has experienced gains of 2% in 2014.

MasterCard and Visa experienced gains of 2% and 1%, respectively, in July. The network sector as a whole has posted declines of 7% YTD in 2014 and trails the overall market’s 4% gain.

Figure 1: Monthly Stock Price Tracker
July-stock-price-tracker_14Jul31Note: Weighted Averages are based on current market caps.
Source: Yahoo Finance, First Annapolis Consulting research and analysis.

For more information, please contact Collin Bauer, Senior Analyst, specializing in Credit Card Issuing,

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