revenues moving forward. The company integrates software and processing solutions primarily for financial services institutions and serves three market segments: investment support systems, availability services and higher education, and public sector systems. “We expect demand for SunGard’s back-office systems and software products to increase as financial service companies try to update and improve their capabilities,” says McKissack.
ERIC MCKISSACK’S Stock Picks
|Company (Exchange: Symbol)||Price*||12- to 18 Month Price Target||P/E on Projected 2005 Earnings||Est. 5-Yr. Annual EPS Growth Rate||Why Stock Will Outperform|
|Interface Inc. (NASDAQ: IFSIA)||$9.96||$14.00||22||15%||The commercial building sector is expected to increase, and Interface should pick up business in this area.|
|Markel Corp. (NYSE: MKL)||$310.50||$450.00||12||14%||Markel is expanding its insurance services in specific markets.|
|Sybron Dental Specialties Inc. (NYSE: SYD)||$34.11||$40.00||19||12%||Sybron should benefit from a growing elderly population and an increase in younger adults seeking cosmetic dental work.|
|SunGard Data Systems Inc. (NYSE: SDS)||$26.23||$36.00||17||15%||SunGard should pick up business from the financial services sector as it upgrades its business systems.|
|Source: Eric McKissack, Channing Capital Management* As of Nov. 22, 2004|