That isn’t the case with Moss’ analysis, which raised its price target for the company to $110 from $85, a number that is far in the rearview mirror already.
#Big thumbs up software#
HubTran, in the announcement of the acquisition, said it uses “automation to process invoices, bill customers, and manage documents efficiently … with enterprise-grade software using optical character recognition and artificial intelligence.”īy owning HubTran, Moss said, TriumphPay now has the capability to “finalize the amount of an invoice and handle all three steps required to facilitate orderly payment flow for freight shipping.” Those three required processes, Moss said, are “presentment, settlement and payment.”Ĭompanies that make large acquisitions sometimes see their stock price decline initially, with analysts often taking a wait-and-see approach toward whether the deal is a good one. The $97 million acquisition of HubTran brings together one of the largest factoring companies in the trucking sector with a company that can provide clients of the TriumphPay unit with a cloud-based settlement function. But it is the growing presence of TriumphPay that will benefit from the HubTran acquisition, according to Moss. Triumph Business Capital is the traditional factoring business at Triumph Bancorp. Triumph is not a company that generally draws a great deal of analyst interest there were six analysts on the company’s most recent earnings call, a relatively small number. The rise Tuesday may have been propelled in part by the report from analyst Steve Moss of B Riley Securities. That’s a 272% gain in the past year and roughly 57% in the past three months. Triumph’s stock, which had been strong since the start of the year - rising to more than $81 pre-deal from about $47 at the start of the year - hit a 52-week high Tuesday at $96.74. Triumph Bancorp’s (NASDAQ: TBK) acquisition of HubTran, announced late last week, has been a Wall Street winner, tacking on as much as $16 to Triumph’s share price in just three days and garnering an analyst report that called the deal “transformative.”