Report
Wedbush Research

Wedbush Morning Call - Feb 24 2020 6:39AM

Underlyings
Advanced Micro Devices Inc.

Advanced Micro Devices is a semiconductor company. The company primarily provides: x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets; discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles. The company also licenses portions of its intellectual property portfolio. The company has two segments: Computing and Graphics, which consists of desktop and notebook processors, and chipsets; and Enterprise, Embedded and Semi-Custom, which consists of discrete and professional GPUs.

Alliance Data Systems Corp.

Alliance Data Systems is a provider of data-driven marketing and loyalty solutions. The company provides a portfolio of outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services and private label and co-brand retail credit card programs. The company focuses on facilitating and managing interactions between its clients and their customers through all consumer marketing channels, including in-store, online, email, social media, mobile, direct mail and telephone. The company's products and services are reported under three segments: LoyaltyOne?, Epsilon and Card Services.

Automatic Data Processing Inc.

Automatic Data Processing is a provider of cloud-based human capital management (HCM) solutions to employers, providing solutions to businesses of various sizes. The company's two reportable business segments are Employer Services, which provides a range of technology-based HCM solutions, including payroll services, benefits administration, talent management, HR management, workforce management, compliance services, insurance services and retirement services; and Professional Employer Organization, which provides clients with employment administration outsourcing solutions through a relationship in which employees who work for a client are co-employed by the company and the client.

Fidelity Natl Information Services

Fidelity National Information Services is a provider of financial services technology. The company's segments are: Integrated Financial Solutions, which serves the regional and community bank and savings institution for transaction and account processing, payment solutions, channel solutions, digital channels, fraud, risk and compliance solutions, lending and wealth and retirement solutions, and corporate liquidity; Global Financial Solutions, which provides an array of capital markets and asset management and insurance solutions, as well as banking and payments solutions; and Corporate and Other, which includes global commercial services and retail check processing.

Fiserv Inc.

Fiserv is a provider of financial services technology. The company provides account processing systems, electronic payments processing products and services, internet and mobile banking systems, and related services. The company's operations are reported in the Payments and Industry Products segment, which povides financial institutions and other companies with the products and services required to process electronic payment transactions and to provide their customers access to financial services and transaction capability through digital channels; and Financial Institution Services segment, which provides financial institutions with the products and services they need to run their operations.

Global Payments Inc.

Global Payments is a provider of payment technology and software solutions. The company's payment solutions enables its customers to accept card, electronic, check and digital-based payments. The company's offerings include authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, consolidated billing and statements and on-line reporting. Through its wholesale channel, the company provides payment services to merchants through independent sales organizations. The company's credit and debit card transaction processing includes the processing of international card brands, including American Express, JCB, and MasterCard.

Intel Corp

Mastercard CL A

MasterCard is a technology company, in the payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks. The company creates a range of payment solutions and services using its brands, including Mastercard?, Maestro? and Cirrus?. The company facilitates the switching (authorization, clearing and settlement) of payment transactions and delivers related products and services. The company also provides offerings such as safety and security products, information services and consulting, loyalty and reward programs and issuer and acquirer processing.

NVIDIA Corp.

NVIDIA engages in graphics processing unit (GPU)-based visual computing and accelerated computing platforms. The company has two reportable segments, GPU and Tegra Processor, which are based on a single underlying architecture. The company's GPU product brands include GeForce for gamers; Quadro for designers; Tesla and DGX for artificial intelligence data scientists and big data researchers; and GRID for cloud-based visual computing users. The company's Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for game consoles and mobile gaming and entertainment devices.

Paychex Inc.

Paychex is a provider of integrated human capital management (HCM) solutions for payroll, benefits, human resource (HR), and insurance services for small- to medium-sized businesses. The company's portfolio of HCM and employee benefit-related services include: payroll processing services; payroll tax administration services; employee payment services; regulatory compliance services (new-hire reporting and garnishment processing); HR Solutions Administrative Services Organization; retirement services administration; HR administration services, including time and attendance; other HR services and products; business services; Professional Employer Organization services; and insurance services.

PayPal Holdings

PayPal Holdings is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company enables its consumers and merchants to manage and move their money on any platform and using any device. The company also facilitates person-to-person payments through its PayPal, Venmo, and Xoom products. The company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products, compose its proprietary Payments Platform. The company charges fees for completing payment transactions for its customers and other payment-related services that are processed on its Payments Platform.

Square Class A

Square is a commerce ecosystem that combines software with hardware to enable sellers to turn mobile devices and computing devices into payment and point-of-sale solutions. With the company's offering, a seller can accept payments via magnetic stripe, Europay, MasterCard, and Visa, or Near Field Communication; or online via Square Invoices, Square Virtual Terminal, or the seller's website or app. Also, sellers can gain access to reporting and analytics, next-day settlements, digital receipts, payment dispute and chargeback management, security, and Payment Card Industry compliance. The company's Cash App enable individuals to send and receive money electronically to and from individuals and businesses.

Visa

Visa is a payments technology company. The company's primary products consist of business solutions, which include small business, corporate cards, purchasing cards, virtual accounts, and disbursement accounts; credit, which allows consumers and businesses to access credit to pay for goods and services; debit, which allows consumers and small businesses to purchase goods and services using funds in their demand deposit accounts; prepaid, which addresses consumer-use cases and needs including, general purpose reloadable and payroll; and global ATM, which provides account holders with cash access through issuing and acquiring partnerships with financial institutions and independent ATM operators.

Provider
Wedbush
Wedbush

Since our founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including institutional sales, correspondent clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, prime brokerage, and wealth management. Headquartered in Los Angeles, with 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology.

Analysts
Wedbush Research

Other Reports on these Companies
Other Reports from Wedbush
Other Reports from these Analysts

ResearchPool Subscriptions

Get the most out of your insights

Get in touch