Financial Technology (FinTech) stocks have been hot commodities during the past year and the trend is expected to continue into 2016. Evolving from cash-counting machines into today’s world revolving around Internet use, mobile apps, and big data, FinTech is a sector that is expected to have great growth prospects into the future, and the companies on our list today are the analyst consensus favorites.
The Ubika Gold 20 Index (UG20) surged 13.1% this month outperforming both the TSX Gold Index and the gold price, which gained 7.4% and 2.8%, respectively. Over the past 52-weeks, the UG20 is closest to seeing green, dropping a mere 1.7% versus gold’s drop of 8.7% and TSX Gold Index’s decline of 10.8%. SEMAFO Inc. (TSX: SMF) was the top-performing component company this month, climbing 22%.
Virtu Financial Inc. (NASDAQ: VIRT) – $21.90
Financial & Commodity Market Operators
Virtu Financial, Inc. is a financial holding company as well as a technology-enabled market maker and liquidity provider to the financial markets. The Company provides liquidity and competitive pricing in foreign currency markets directly to market participants on its own trading platform called VFX and through other customized liquidity arrangements. The Company has developed a multi-asset, multi-currency technology platform that integrates with exchanges and other trading venues through customized infrastructure to provide continuous bid and offer quotations on assets traded electronically around the world.
- Market Cap: $3,018,152,426
- Revenue (LTM, USD): $792,543,000
- Operating Income (LTM, USD): $211,248,000.00
- Price Change (52 weeks): – 0.9%
Jack Henry & Associates Inc. (NASDAQ: JKHY) – $77.12
IT Services & Consulting
Jack Henry & Associates, Inc. (JHA) is a provider of core information processing solutions for community banks. The Company provides integrated computer systems that perform data processing (available for in-house installations or outsourced services) for banks and credit unions. It operates in two segments: bank systems and services, and credit union systems and services. The Company’s array of products and services include processing transactions, automating business processes, and managing information for around 10,900 financial institutions and diverse corporate entities.
- Market Cap: $6,057,029,320
- Revenue (LTM, USD): $1,276,334,000
- Operating Income (LTM, USD): $326,776,000.00
- Price Change (52 weeks): + 19.3%
Fidessa Group PLC (FDSA.L) – $1,919.00
Fidessa Group PLC (Fidessa) provides trading, investment and information solutions for the financial community. The Company operates in two segments: Sell-side and Buy-side. The Sell-side segment provides solutions and tools to support the trading of cash equities and derivatives across the globe. The Buy-side segment provides the systems to cover every stage of the investment process for all asset classes. The systems are used by the investment managers in the world, as well as some of the boutiques and hedge funds. Fidessa’s post-trade services provide a suite of multi-asset functionality and workflow to manage the confirmation and affirmation process. Its suite of trade matching, data enrichment and exceptions processing tools are used by brokers and investment managers to support the post-trade operation.
- Market Cap: $734,240,507
- Revenue (LTM, USD): $283,756,000
- Operating Income (LTM, USD): $38,492,000.00
- Price Change (52 weeks): – 20.8%
ACI Worldwide Inc. (NASDAQ: ACIW) – $19.36
IT Services & Consulting
ACI Worldwide, Inc. develops, markets, installs and supports a line of software products and services focused primarily on facilitating electronic payments. The Company’s suite of software products and hosted services deliver a range of solutions for payments processing, card and merchant management, electronic bill presentment and payment (EBPP), online banking, mobile, branch and voice banking, fraud detection and trade finance. ACI’s services include implementation services, product support services, technical services, education services, testing services, expert services consultancy and facilities management services.
- Market Cap: $2,224,449,721
- Revenue (LTM, USD): $1,027,564,000
- Operating Income (LTM, USD): $133,246,000.00
- Price Change (52 weeks): + 2.5%
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