Barrington Research Continues its Outperform Rating on Official Payments

Barrington Research has continued its Outperform rating on Official Payments

on the strength of the company's Q1 2012 financial results in research report out today. Currently, Barrington Research has a $7-8 price target on Official Payments. In the report, Barrington Research writes,"Official Payments recently reported very encouraging Q1/12 financial results with a revenue increase of 5.7% to $34.8 million, a net revenue increase of 31% to $11.96 million. We have an OUTPERFORM rating on the shares based on the underlying value of the Electronic Payments Solution business." Shares of Official Payments closed today at $4.51, down 1.96% from Friday's market close.