Payments Industry Stock Price Tracker

Navigator Edition: August 2013
By: Collin Bauer

Figure 1 is the Payments Industry Stock Price Tracker for August 2013.  The chart measures stock prices and market caps, as well as movement over the last month, and year-to-date.  After a strong July, the companies First Annapolis monitors across the payments value chain experienced mixed results in August, but in aggregate are exceeding the broader market’s 14% gain YTD.

In summary:

The issuing sector underperformed the overall market in August, posting declines of 6% in aggregate. Despite declines from all issuers except FleetCor, analysts largely remain bullish on these banks. FleetCor’s 15% gain in August was driven by its favorable second quarter earnings release. FleetCor’s stock is up 92% YTD and its price target from analysts currently sits as high as $120.

The processor / acquirer sector posted overall gains of 1%. Global Payments experienced one of the biggest jumps in this sector and its 3% gain in August accounts for the majority of its 5% YTD increase. The other five companies tracked in this sector are exceeding the total market’s 14% gain YTD.

In aggregate, MasterCard and Visa posted declines of 1% in August, but are still up 19% YTD. MasterCard gained positive momentum at the end of July after outperforming most analysts’ second quarter expectations, but its stock price has slowly declined over the month.  Developments surrounding debit “swipe” fees, following a judge’s rejection of the Federal Reserve-imposed regulations at end of July, is top of mind for investors and the networks.

Figure 1: Monthly Average Stock Price Tracker
Note: 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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