David Koning

Visa Inc (NYSE: V) shares traded slightly lower Tuesday after the company said Monday afternoon that it expects to take between a 2.5% and 3.5% revenue hit from the coronavirus in the fiscal second quarter. The filing comes after payments competitors Mastercard Inc (NYSE: MA) and Paypal Holdings...

First Data Corp (NYSE: FDC) hosted its investor day Tuesday morning, and the presentation was mostly cheered by Street analysts. The Analysts Bernstein's Harshita Rawat maintained an Outperform rating on First Data with a price target lifted from $22 to $24. Morgan Stanley's...

U.S. stocks have surged in the past week on hopes that Congressional Republicans will soon pass their tax reform plan and lower the corporate rate from 35 percent to at or near 20 percent. While many American companies stand to benefit from a lower tax rate, one analyst said a handful of fintech...

Payment processing company Vantiv Inc (NYSE: VNTV) announced Wednesday a deal to buy U.K.-based peer WORLDPAY GRP PLC UNSPON ADR EACH REPR 3 ORD (OTC: WPYGY) for $10 billion. Following the announcement, Stifel added shares of Vantiv to the Stifel Select List, citing its belief that the stock...

Amazon.com, Inc. (NASDAQ: AMZN)'s proposed acquisition of Whole Foods Market, Inc. (NASDAQ: WFM) is a "mild negative" to Vantiv Inc (NYSE: VNTV), according to analysts at Baird. Baird's David Koning maintains an Outperform rating on the payment processor with an unchanged $72...

Baird believes the CEO transition makes it “mildly less likely” for Visa Inc (NYSE: V)’s F2017 outlook to top the Street. However, the brokerage reiterated its Outperform rating, as it likes the risk/reward on the stock over the next 12 months. Visa, a payments tech firm,...

Baird says Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares are attractive at current levels and retained its Outperform rating following the resignation of its President Gordon Coburn and probe of certain potentially improper payments related to facilities in India. Cognizant...

Baird rates both Mastercard Inc (NYSE: MA) and Visa Inc (NYSE: V) Outperform and acknowledges both have a path to strong EPS growth with upside to estimates. But, the brokerage prefers MasterCard over Visa for the below reasons. Why MasterCard? The brokerage prefers less sentiment-favored stocks....

Baird analysts David J. Koning and Eric Ciura liked the risk/reward profile of Global Payments Inc (NYSE: GPN). The analysts continue to see the stock as favorable on the solid underlying industry trends, incremental cash use and synergy gains from Heartland. They have also maintained their...

On Thursday, Mastercard Inc (NYSE: MA) reported a purchase of a 92.4 percent stake in in British ATM operator and automated clearing house, Vocalink for $920 million (£869 million). The purchase came after SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) had made a £24.3 billion offer for Cambridge...

Baird said the recent divestiture announced by DST Systems, Inc. (NYSE: DST) improves the total company revenue growth profile by about 1–2 percent and operating margin profile by about 1 percent. The Divestiture And Possibilities DST Systems has agreed to sell its North American Customer...