Yahoo Finance Fiserv (FISV) Announces Completion of BentoBox Acquisition
Fiserv, Inc. FISV announced yesterday that it has completed the planned acquisition of New York-based digital marketing and commerce company, BentoBox. The deal was previously announced on Oct 18. Financial terms have been kept under wraps.
BentoBox’s platform designs websites and sets up ordering and marketing capabilities to enable restaurants to better connect with their patrons online. Serving as the digital front door for restaurants, the company enables more than 7,500 restaurant concepts across 14,000 locations.
BentoBox will be added Fiserv’s Clover digital and physical dining management software operation, which services around 200,000 restaurants.
Buyout Strengthens Clover’s Omnicommerce Capabilities
The acquisition is expected to significantly enhance Clover’s omnicommerce capabilities, enabling Fiserv to cater to the increasing demand for capabilities that enhance interaction between merchants and customers online. That makes sense as the demand for software solutions in the restaurant space has increased significantly amid the pandemic due to increased online ordering.
Frank Bisignano, president and CEO of Fiserv, said, “Closing this transaction further expands our Clover® dining solutions and industry-leading commerce and business management capabilities, enabling nearly 200,000 restaurants of all sizes to deliver unique and differentiating diner experiences, from quick and casual to full service.”
Over the past year, shares of Fiserv have declined 16.7% compared with 24.3% decline of the industry it belongs to.
Fiserv, Inc. Price
Fiserv, Inc. price | Fiserv, Inc. Quote
Zacks Rank and Stocks to Consider
Fiserv currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the broader Business Services sector are Avis Budget CAR and Cross Country Healthcare CCRN sporting a Zacks Rank #1, and Charles River Associates CRAI, carrying a Zacks Rank #2 (Buy).
Avis Budget has an expected earnings growth rate of 398.1% for the current year. The company has a trailing four-quarter earnings surprise of 76.9%, on average.
Avis Budget’s shares have surged 688.9% in the past year. The company has a long-term earnings growth of 27.5%.
Cross Country Healthcare has an expected earnings growth rate of 447.8% for the current year. The company has a trailing four-quarter earnings surprise of 75%, on average.
Cross Country Healthcare’s shares have surged 211.7% in the past year. The company has a long-term earnings growth of 21.5%.
Charles River Associates has an expected earnings growth rate of 61.2% for the current year. The company has a trailing four-quarter earnings surprise of 51%, on average.
Charles River’s shares have surged 126.2% in the past year. The company has a long-term earnings growth of 15.5%.
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