🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

The Zacks Industry Rank Highlights: The Brink's Company, Broadridge Financial Solutions And TriNet Group

Published 08/30/2017, 08:58 AM
Updated 07/09/2023, 06:31 AM
US500
-
BCO
-
BR
-
TNET
-

For Immediate Release

Chicago, IL –August 30, 2017 - Stocks featured in this week's Zacks Industry Rank analysis include The Brink’s Company (NYSE: (NYSE:BCO) Free Report), Broadridge Financial Solutions (NYSE: (NYSE:BR) Free Report) and TriNet Group (NYSE: (NYSE:TNET) Free Report).

Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity Strategist, Zacks.com.

Outsourcing Picks: Better Digital Ops, and Fast

The 18-company-strong Outsourcing industry is hot these days.

It is ranked #3 out of 265 Zacks industries. In the last week alone, covering analysts made 5 positive earnings estimate revisions and 0 negative revisions.

In previous weeks, this ranking was #52 and #32 and #28. That tells you. The recent jump in rankings is from a strong rank to something even better.

When a group of stocks are on a momentum run -- which is the earnings estimate revisions’ fuel -- they keep the stock price fire burning to new heights.

Nowadays, we hear lots about outsourcing in the business world. Why?

A CIO magazine article published on July 19, 2017 gave us a few good reasons.The days of low-cost commodity services are waning, as IT organizations seek stronger strategic partnerships with IT outsourcing providers -- in an era of digital transformation.

(1)“Digital transformation is driving demand away from compartmentalization and silos of service delivery, and toward frictionless integration,” says David J. Brown, global head of KPMG’s Shared Services and Outsourcing Advisory.

(2)Enterprises are moving more workloads to the public cloud, but continuing to run certain applications in dedicated private cloud environments for security, regulatory or competitive reasons.

“So they’re looking for providers that can seamlessly manage and integrate their hybrid cloud environments,” says Rahul Singh, managing director with business transformation and outsourcing consultancy Pace Harmon.

(3) “Organizations are rapidly transforming to agile enterprises that require rapid development cycles and close coordination between business, engineering and operations,” said Steve Hall, a partner with sourcing consultancy Information Services Group (ISG).

“Global delivery requires a globally distributed agile process to balance the need for speed and current cost pressures.”

Here Are 3 Top Zacks Picks to Play the Trend--

(1) The Brink’s Company (NYSE:BCO Free Report):This is a Zacks #1 Rank (STRONG BUY) stock with a long-term VGM score of B, based on a B in Value and an A in Growth.

The market cap is $3.8 billion. The Forward P/E is 25.13 (S&P 500 is at 18.57) and the stock trades at $76 a share. This stock is on a big momentum run, up +85% YTD.

The average of the last 4 earnings surprises is +23%. It reports again on Oct. 25th.

The Brink's Company is a global leader in business and security services. Their three main businesses are Brink's, Inc., the world's premier provider of secure transportation and cash management services; Brink's Home Security, one of the largest and most successful residential alarm companies in North America; and BAX Global, an industry leader in global supply chain management.

(2) Broadridge Financial Solutions (NYSE:BR Free Report):This is a Zacks #1 Rank (STRONG BUY) stock with a long-term VGM score of A, based on an A in Growth.

The market cap is $8.9 billion. The Forward P/E is 20.96 and the stock trades at $77 a share. The YTD price change is +15.5%.

The average of the last 4 earnings surprises is +3.6%. It reports again on Nov. 8th.

Broadridge is a leading global provider of technology-based outsourcing solutions to the financial services industry. Their integrated systems and services include investor communication, securities processing, and clearing and outsourcing solutions.

Broadridge offers a broad, integrated suite of innovative global solutions across the investment lifecycle and provides a wide range of cost-effective and scalable solutions to the financial industry. Their systems help reduce the need for clients to make significant capital investments in operations infrastructure, thereby allowing them to increase their focus on core business activities.

(3) TriNet Group (NYSE:TNET Free Report): This is a Zacks #1 Rank (STRONG BUY) stock with a long-term VGM score of C, with a B in Growth.

The market cap is $2.4 billion. The Forward P/E is 23.71 and the stock trades at $35 a share. The YTD price change is +37%.

The average of the last 4 earnings surprises is +37%. It reports again on Nov. 8th.

TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting and employee benefit plans.

The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries.

TriNet Group, Inc. is headquartered in San Leandro, California.

Get the full Report on BCO - FREE

Get the full Report on BR - FREE

Get the full Report on TNET - FREE

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today. Find out What is happening in the stock market today on zacks.com.



Broadridge Financial Solutions, Inc. (BR): Free Stock Analysis Report

Brink's Company (The) (BCO): Free Stock Analysis Report

TriNet Group, Inc. (TNET): Free Stock Analysis Report

Original post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.