Payments Industry Stock Price Tracker


Navigator Edition: September 2013
By: Collin Bauer

Figure 1 is the Payments Industry Stock Price Tracker for September 2013.  The chart measures current stock prices and market caps, as well as movement over the last month, and year-to-date.  After a mixed August, the companies First Annapolis monitors across the payments value chain generated more positive results in September, and each sector is exceeding the broader market’s 18% gain YTD.

In summary:

The issuing sector slightly underperformed the overall market in August, but still posted gains of 2% in aggregate. The issuers tracked posted a simple-average gain of 4% in September, but it was a relatively stagnant month for the three largest issuers- Chase, Bank of America, and Citi.  After a strong July and August, FleetCor’s stock continued its rise in September as the issuer posted gains of 7% in the month and is now up 105% on the year.

The processor / acquirer sector posted positive results last month with overall gains of 6% while outperforming the market as a whole. Global Payments, Heartland, and TSYS all posted gains of 7% this month, more than the other companies tracked in this sector. Each processor or acquirer tracked posted gains of at least 5% in the month of September.

In aggregate, MasterCard and Visa posted gains of 10% in September, and are up 31% YTD. Both companies posted double-digit gains and tracked similarly throughout the month. Currently, analyst outlooks remain positive on these networks in anticipation of their earnings releases at the end of October.

Figure 1: Monthly Average Stock Price Tracker
Sep-stock-price-tracker_13Sep30
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, collin.bauer@firstannapolis.com.

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