Fiserv, Inc. (NASDAQ:FISV) is now being followed by Buckingham Research, as they initiated the stock at Buy on February 07. Analysts at SunTrust, shed their positive views on January 29 by lowering it fromBuy to Hold. The stock won favor of RBC Capital Mkts analysts who expressed their confidence in it using an upgrade from Sector Perform to Outperform on January 28. William Blair analysts came out with bullish views on January 22 when the call was made. They think the stock is now Outperform compared to to their prior call for Mkt Perform.
Fiserv, Inc. (FISV) hit an intraday high Tuesday at $85.3. The shares finished at $84.38, after trading as low as $83.87 earlier in the session. It dropped -0.21% in recent trade and currently has a stock-market value of $34.07B. Trading activity significantly weakened as the volume at ready counter decreased to 4,147,184 shares versus 9,815,530 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 7,321,972 shares. The stock is now 23.65% above against its bear-market low of $68.24 on February 13, 2018. It has retreated -2.26% since it’s 52-week high of $86.29 reached in February. Now the market price is up 22.77% on the year and up 14.82% YTD.
FISV’s 50 day simple moving average (SMA 50) price is $77.4 and its 200-day simple moving average (SMA 200) price is $77.04. The company’s stock currently has a total float of 397.29M shares. Its weekly volatility is hovering around 2.11% and felt 2.59% volatility in price over a month. On the upside, the share price will test short term resistance at around $85.16. On a downside, the stock is likely to find some support, which begins at $83.73. The failure to get near-term support could push it to $83.09.
Separately, it has been reported that multiple insider activity took place at Fiserv, Inc. (FISV). President and CEO Yabuki Jeffery W sold 50,000 shares for $577,564 in transaction occurred on 2019/01/16. After making this transaction, the President and CEO owns a direct stake of 3,560,000 shares, worth $48,734,850, as per the last closing price. On 2018/12/19 Yabuki Jeffery W, President and CEO at FISV, dumped 50,000 shares at an average price of $73.98 per share. The selling total is valued at $52,953,850.
President and CEO, Yabuki Jeffery W had divested 50,000 shares for $677,564 through a trade on 2018/11/21. Following this activity, the insider holds 3,847,000 shares worth $57,172,850 as of recent close. Wall Street’s most bullish Fiserv, Inc. (NASDAQ:FISV) analysts are predicting the share price to blow past $100 per share during the next 12 months. The current median share price forecast by them is $90, suggesting that the stock could increase 6.66% in that time frame. The average price target of $88.93 calls for a nearly 5.39% increase in the stock price.
When looking at valuations, Fiserv, Inc. (FISV) has a cheap P/E of 29x as compared to industry average of 29.15x. Moreover, it trades for 21.85 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 12.8x price/book and 5.85x price/sales. Compared to others, Fiserv, Inc. is in a different league with regards to profitability, having net margins of 24.9%. To put some perspective around this, the industry’s average net margin is 10.35%. FISV’s ROE is 51.8%, which is also considerably better than the industry’s ROE of 11.71%. It’s also very liquid in the near term, with a current ratio of 1. The stock has a debt/capital of 1.98.
Shares of Fiserv, Inc. (FISV) have gained 0.7% since the company’s last earnings report. Over the past 12 fiscal quarters, Fiserv, Inc. (NASDAQ:FISV) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 3 quarters (25%), whereas at 4 occasion EPS met analyst expectations. FISV last reported earnings on February 07, 2019 when it released Dec-18 results that receded expectations. The company raked in $0.84 per share, -51.72% change on the same period last year. That was worse than consensus for $0.85. Revenue for the recent quarter stood at $1.55 billion, up 2% on last year and below the $1.55 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.49 billion to $1.55 billion, which should be compared with $1.5 billion generated last year. EPS is seen in a range of $0.77 to $0.85, against the $0.82 reported a year ago.