Stock price when the opinion was issued
It is involved in payment processing technology and is one of the competitors to LSPD. It is growing at 30% per year and has a good balance sheet. It has a great niche in the restaurant and hotels business and is starting to expand into gaming and other areas. Has been approached at least twice in the last two years for a potential takeover. The valuation is good at 26X earnings which is pretty low for a tech company. It has just been added to the S&P 400 small cap Index. He considers it undervalued. Buy 21 Hold 3 Sell 1
(Analysts’ price target is $109.46)
Mid/small caps have been hit in recent months, but he expects the CEO transition to go well and their business remains good. It could be a takeover target.