Announcement • May 27
Automatic Bank Services Limited, Annual General Meeting, Jun 30, 2026 Automatic Bank Services Limited, Annual General Meeting, Jun 30, 2026. Location: co. offices, Israel Reported Earnings • May 24
First quarter 2026 earnings released: EPS: ₪0.17 (vs ₪0.26 in 1Q 2025) First quarter 2026 results: EPS: ₪0.17 (down from ₪0.26 in 1Q 2025). Revenue: ₪38.4m (flat on 1Q 2025). Net income: ₪6.88m (down 33% from 1Q 2025). Profit margin: 18% (down from 27% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Mar 30
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 41% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (41% accrual ratio). Minor Risk Dividend is not well covered by cash flows (247% cash payout ratio). Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: ₪1.13 (vs ₪1.27 in FY 2024) Full year 2025 results: EPS: ₪1.13 (down from ₪1.27 in FY 2024). Revenue: ₪157.0m (up 3.6% from FY 2024). Net income: ₪45.3m (down 11% from FY 2024). Profit margin: 29% (down from 34% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Mar 29
Dividend of ₪0.75 announced Shareholders will receive a dividend of ₪0.75. Ex-date: 13th April 2026 Payment date: 27th April 2026 Dividend yield will be 6.0%, which is higher than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 21% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 24
Automatic Bank Services Limited announced a financing transaction Automatic Bank Services Limited announced a private placement to issue common shares on March 23, 2026. The transaction includes participation from new investor, Rothschild 11 Switching Partners. Announcement • Mar 23
Automatic Bank Services Limited to Report Fiscal Year 2025 Results on Mar 26, 2026 Automatic Bank Services Limited announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Nov 30
Third quarter 2025 earnings released: EPS: ₪0.31 (vs ₪0.34 in 3Q 2024) Third quarter 2025 results: EPS: ₪0.31 (down from ₪0.34 in 3Q 2024). Revenue: ₪40.6m (up 5.4% from 3Q 2024). Net income: ₪12.3m (down 12% from 3Q 2024). Profit margin: 30% (down from 36% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 24
Automatic Bank Services Limited to Report Q3, 2025 Results on Nov 27, 2025 Automatic Bank Services Limited announced that they will report Q3, 2025 results on Nov 27, 2025 Upcoming Dividend • Sep 03
Upcoming dividend of ₪0.75 per share Eligible shareholders must have bought the stock before 10 September 2025. Payment date: 18 September 2025. Payout ratio is a comfortable 58% and the cash payout ratio is 79%. Trailing yield: 3.4%. Lower than top quartile of Israeli dividend payers (5.7%). In line with average of industry peers (3.4%). Reported Earnings • Aug 23
Second quarter 2025 earnings released: EPS: ₪0.34 (vs ₪0.27 in 2Q 2024) Second quarter 2025 results: EPS: ₪0.34 (up from ₪0.27 in 2Q 2024). Revenue: ₪38.3m (up 2.1% from 2Q 2024). Net income: ₪13.4m (up 23% from 2Q 2024). Profit margin: 35% (up from 29% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 18
Automatic Bank Services Limited to Report Q2, 2025 Results on Aug 21, 2025 Automatic Bank Services Limited announced that they will report Q2, 2025 results on Aug 21, 2025 Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪20.37, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 11x in the Diversified Financial industry in Israel. Total returns to shareholders of 14% over the past three years. New Risk • May 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Israeli stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • May 29
First quarter 2025 earnings released: EPS: ₪0.26 (vs ₪0.30 in 1Q 2024) First quarter 2025 results: EPS: ₪0.26 (down from ₪0.30 in 1Q 2024). Revenue: ₪38.2m (up 3.8% from 1Q 2024). Net income: ₪10.3m (down 15% from 1Q 2024). Profit margin: 27% (down from 33% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₪22.38, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 11x in the Diversified Financial industry in Israel. Total returns to shareholders of 2.6% over the past three years. Declared Dividend • Apr 02
Dividend of ₪0.75 announced Shareholders will receive a dividend of ₪0.75. Ex-date: 7th April 2025 Payment date: 21st April 2025 Dividend yield will be 3.2%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 21% per year over the past 4 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: ₪1.27 (vs ₪0.96 in FY 2023) Full year 2024 results: EPS: ₪1.27 (up from ₪0.96 in FY 2023). Revenue: ₪151.5m (up 12% from FY 2023). Net income: ₪50.9m (up 33% from FY 2023). Profit margin: 34% (up from 28% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 01
Automatic Bank Services Limited announces Annual dividend, payable on April 21, 2025 Automatic Bank Services Limited announced Annual dividend of ILS 0.7500 per share payable on April 21, 2025, ex-date on April 07, 2025 and record date on April 07, 2025. Announcement • Mar 31
Automatic Bank Services Limited to Report Q4, 2024 Results on Mar 30, 2025 Automatic Bank Services Limited announced that they will report Q4, 2024 results at 9:46 AM, Israel Standard Time on Mar 30, 2025 Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: ₪0.39 (vs ₪0.22 in 3Q 2023) Third quarter 2024 results: EPS: ₪0.39 (up from ₪0.22 in 3Q 2023). Revenue: ₪39.4m (up 9.7% from 3Q 2023). Net income: ₪15.5m (up 79% from 3Q 2023). Profit margin: 39% (up from 24% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 26
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to ₪20.37. The fair value is estimated to be ₪16.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: ₪0.27 (vs ₪0.31 in 2Q 2023) Second quarter 2024 results: EPS: ₪0.27 (down from ₪0.31 in 2Q 2023). Revenue: ₪37.5m (up 11% from 2Q 2023). Net income: ₪10.9m (down 11% from 2Q 2023). Profit margin: 29% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: ₪0.30 (vs ₪0.20 in 1Q 2023) First quarter 2024 results: EPS: ₪0.30 (up from ₪0.20 in 1Q 2023). Revenue: ₪36.8m (up 20% from 1Q 2023). Net income: ₪12.1m (up 52% from 1Q 2023). Profit margin: 33% (up from 26% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Apr 26
Automatic Bank Services Limited, Annual General Meeting, Jun 17, 2024 Automatic Bank Services Limited, Annual General Meeting, Jun 17, 2024, at 10:00 Israel Standard Time. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: ₪960 (vs ₪0.60 in FY 2022) Full year 2023 results: EPS: ₪960 (up from ₪0.60 in FY 2022). Revenue: ₪134.9m (up 15% from FY 2022). Net income: ₪38.2m (up 59% from FY 2022). Profit margin: 28% (up from 21% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 170% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Automatic Bank Services Limited to Report Q4, 2023 Results on Apr 18, 2024 Automatic Bank Services Limited announced that they will report Q4, 2023 results on Apr 18, 2024 Buy Or Sell Opportunity • Feb 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to ₪15.55. The fair value is estimated to be ₪12.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Yossi Levy was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: ₪0.22 (vs ₪0.14 in 3Q 2022) Third quarter 2023 results: EPS: ₪0.22 (up from ₪0.14 in 3Q 2022). Revenue: ₪35.9m (up 20% from 3Q 2022). Net income: ₪8.69m (up 61% from 3Q 2022). Profit margin: 24% (up from 18% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₪12.32, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 5x in the Diversified Financial industry in Israel. Total returns to shareholders of 17% over the past three years. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: ₪0.31 (vs ₪0.11 in 2Q 2022) Second quarter 2023 results: EPS: ₪0.31 (up from ₪0.11 in 2Q 2022). Revenue: ₪33.8m (up 16% from 2Q 2022). Net income: ₪12.2m (up 186% from 2Q 2022). Profit margin: 36% (up from 15% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 03
First quarter 2023 earnings released: EPS: ₪0.20 (vs ₪0.16 in 1Q 2022) First quarter 2023 results: EPS: ₪0.20 (up from ₪0.16 in 1Q 2022). Revenue: ₪30.7m (up 9.7% from 1Q 2022). Net income: ₪7.98m (up 23% from 1Q 2022). Profit margin: 26% (up from 23% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 09
Upcoming dividend of ₪0.55 per share at 4.7% yield Eligible shareholders must have bought the stock before 16 April 2023. Payment date: 24 April 2023. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Israeli dividend payers (7.7%). Lower than average of industry peers (6.1%). Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: ₪0.60 (vs ₪1.11 in FY 2021) Full year 2022 results: EPS: ₪0.60 (down from ₪1.11 in FY 2021). Revenue: ₪117.3m (up 6.2% from FY 2021). Net income: ₪24.1m (down 46% from FY 2021). Profit margin: 21% (down from 40% in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Dec 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₪17.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Nov 30
Third quarter 2022 earnings released: EPS: ₪0.14 (vs ₪0.28 in 3Q 2021) Third quarter 2022 results: EPS: ₪0.14 (down from ₪0.28 in 3Q 2021). Revenue: ₪30.0m (up 4.5% from 3Q 2021). Net income: ₪5.41m (down 52% from 3Q 2021). Profit margin: 18% (down from 39% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Nov 29
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₪22.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 21%. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent External Director Ehud Wiesner was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 15% share price gain to ₪17.40, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 18x in the IT industry in Israel. Total returns to shareholders of 123% over the past three years. Buying Opportunity • Sep 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be ₪23.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to ₪22.06, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 22x in the IT industry in Israel. Total returns to shareholders of 232% over the past three years. Buying Opportunity • Jun 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ₪24.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • May 28
First quarter 2022 earnings released: EPS: ₪0.16 (vs ₪0.26 in 1Q 2021) First quarter 2022 results: EPS: ₪0.16 (down from ₪0.26 in 1Q 2021). Revenue: ₪28.0m (up 5.5% from 1Q 2021). Net income: ₪6.50m (down 36% from 1Q 2021). Profit margin: 23% (down from 39% in 1Q 2021). The decrease in margin was driven by higher expenses. Buying Opportunity • May 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be ₪22.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 29%. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₪21.44, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 26x in the IT industry in Israel. Total returns to shareholders of 34% over the past year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent External Director Ehud Wiesner was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: ₪1.11 (vs ₪0.68 in FY 2020) Full year 2021 results: EPS: ₪1.11 (up from ₪0.68 in FY 2020). Revenue: ₪110.4m (up 30% from FY 2020). Net income: ₪44.6m (up 64% from FY 2020). Profit margin: 40% (up from 32% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₪22.00, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 28x in the IT industry in Israel. Total returns to shareholders of 17% over the past year. Reported Earnings • Dec 03
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: ₪0.28 (up from ₪0.19 in 3Q 2020). Revenue: ₪28.7m (up 29% from 3Q 2020). Net income: ₪11.2m (up 49% from 3Q 2020). Profit margin: 39% (up from 34% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₪22.65, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 25x in the IT industry in Israel. Total returns to shareholders of 134% over the past year. Upcoming Dividend • Sep 05
Upcoming dividend of ₪0.34 per share Eligible shareholders must have bought the stock before 12 September 2021. Payment date: 30 September 2021. Trailing yield: 1.4%. Lower than top quartile of Israeli dividend payers (5.3%). Lower than average of industry peers (2.2%). Reported Earnings • Sep 04
Second quarter 2021 earnings released: EPS ₪0.27 (vs ₪0.21 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₪26.6m (up 36% from 2Q 2020). Net income: ₪10.9m (up 30% from 2Q 2020). Profit margin: 41% (down from 43% in 2Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 05
First quarter 2021 earnings released: EPS ₪0.26 (vs ₪0.05 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₪26.5m (up 25% from 1Q 2020). Net income: ₪10.2m (up 406% from 1Q 2020). Profit margin: 39% (up from 9.5% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Reported Earnings • Mar 28
Full year 2020 earnings released: EPS ₪0.68 (vs ₪0.73 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ₪85.2m (up 4.4% from FY 2019). Net income: ₪27.1m (down 7.6% from FY 2019). Profit margin: 32% (down from 36% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 19% share price gain to ₪19.40, the stock is trading at a trailing P/E ratio of 32.9x, up from the previous P/E ratio of 27.7x. This compares to an average P/E of 29x in the IT industry in Israel. Total returns to shareholders over the past year are 131%. Is New 90 Day High Low • Feb 24
New 90-day high: ₪18.93 The company is up 41% from its price of ₪13.38 on 26 November 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 27% share price gain to ₪17.34, the stock is trading at a trailing P/E ratio of 29.4x, up from the previous P/E ratio of 23.1x. This compares to an average P/E of 28x in the IT industry in Israel. Total returns to shareholders over the past year are 93%. Is New 90 Day High Low • Jan 12
New 90-day high: ₪13.75 The company is up 20% from its price of ₪11.48 on 14 October 2020. The Israeli market is up 24% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 8.0% over the same period. Reported Earnings • Dec 03
Third quarter 2020 earnings released: EPS ₪0.19 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ₪22.3m (up 5.0% from 3Q 2019). Net income: ₪7.51m (down 3.3% from 3Q 2019). Profit margin: 34% (down from 37% in 3Q 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Nov 24
New 90-day high: ₪13.60 The company is up 29% from its price of ₪10.52 on 26 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 3.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day high: ₪12.00 The company is up 27% from its price of ₪9.46 on 05 August 2020. The Israeli market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 10.0% over the same period. Is New 90 Day High Low • Oct 14
New 90-day high: ₪11.48 The company is up 49% from its price of ₪7.70 on 16 July 2020. The Israeli market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 2.0% over the same period. Announcement • Jul 31
Mastercard Incorporated (NYSE:MA) completed the acquisition of 10% stake in Automatic Bank Services Ltd. from Hapoalim International N.V. Mastercard Incorporated (NYSE:MA) entered into an agreement to acquire 10% stake in Automatic Bank Services Ltd. from Hapoalim International N.V. for $9 million (ILS 32.2 million) on April 16, 2019. Under the terms of the agreement, $9 million (ILS 32.2 million) will be paid on the completion of the transaction and an additional $2 million (ILS 7.1 million) will be rendered in lieu of various services to be provided by MasterCard (on terms of an existing agreement for cooperation between the parties and as may be agreed between them) over the next five years. The completion of the transaction is subject to the fulfillment of preconditions, including the receipt of regulatory approvals in so far as they may be required. On May 1, 2019, the Governor of the Bank of Israel granted Mastercard a permit to hold up to 10% of the share capital of Automatic Bank Services, and as a result, the transaction is expected to be completed in the coming days.
Mastercard Incorporated (NYSE:MA) completed the acquisition of 10% stake in Automatic Bank Services Ltd. from Hapoalim International N.V. on May 7, 2019. 
