S1 "buy"

09/04/07 - D.A. Davidson & Co.

NEW YORK, September 4 (newratings.com) - Analyst John Kraft of DA Davidson maintains his "buy" rating on S1 Corporation (SONE). The 12-18 month target price is set to $10.

In a research note published this morning, the analyst mentions that the company has posted better-than-expected results and its Enterprise pilot has been successful. The customer base of S1’s Postilion segment has stabilized and the company has efficiently executed its restructuring initiatives, the analyst says. The company’s sales are unlikely to be significantly affected by macroeconomic trends, DA Davidson adds.