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2015 All-America Research Team: Business, Education & Professional Services, No. 2: Paul Ginocchio
Deutsche Bank Securities’ Paul Ginocchio takes second place for a fourth consecutive year.
Total appearances: 6
Analyst debut: 2010
Deutsche Bank Securities’Paul Ginocchiotakes second place for a fourth consecutive year. With a “dogged persistence for arriving at the truth,” as one client puts it, he reports on 27 companies from his base in San Francisco. In addition, observes another fan, the 46-year-old researcher “casts a wide net, with a broader perspective than any of his peers.” In December, Ginocchio highlighted his buy position on Nord Anglia Education, which offers schooling and vocational training for children and young adults. He has touted the Hong Kong–based international for-profit provider since April 2014, a month after the company listed its shares in New York, largely crediting its significant potential for expansion in the private K-12 market. Late last year he cited Nord Anglia’s robust earnings visibility, high rate of return on invested capital and organic growth as supportive of his ongoing positive outlook. By the middle of last month, the stock had jumped 29.3 percent, to $21.76, beating the U.S. sector by 25.8 percentage points. Looking ahead, the analyst projects that London’s Markit — which delivers financial information services to clients around the world — will be a strong performer. Catalysts include the company’s healthy share buyback program, he says, as well as its July acquisition of Dublin-headquartered Information Mosaic, a back-office-processing software concern. Ginocchio’s price target for Markit’s Nasdaq Stock Market–traded shares is $31, which implies a 5.4 percent upside to their value in mid-September.