Fiserv Inc. (NASDAQ:FISV) shares, rose in value on Friday, May 26, with the stock price up by 0.57% to the previous day’s close as strong demand from buyers drove the stock to $113.45.
Actively observing the price movement in the recent trading, the stock is buoying the session at $112.81, falling within a range of $112.49 and $116.05. The value of beta (5-year monthly) is 0.85 whereas the PE ratio is 29.84 over 12-month period. Referring to stock’s 52-week performance, its high was $122.39, and the low was $87.03. On the whole, FISV has fluctuated by -5.14% over the past month.
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With the market capitalization of Fiserv Inc. currently standing at about $70.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 24, 2023 – Jul 28, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.79, which is expected to increase to $1.99 for fiscal year $7.37 and then to about $8.4 by fiscal year 2024. Data indicates that the EPS growth is expected to be 13.60% in 2024, while the next year’s EPS growth is forecast to be 14.00%.
Analysts have estimated the company’s revenue for the quarter at $4.53 billion, with a low estimate of $4.44 billion and a high estimate of $4.64 billion. According to the average forecast, sales growth in current quarter could jump up 7.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $17.99 billion, representing an increase of 7.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FISV’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.11, with the price of FISV currently trading nearly -4.71% and -2.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.85, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 1.66%. Furthermore, Fiserv Inc. (FISV)’s beta value is 0.86, and its average true range (ATR) is 2.01. The company’s stock has been forecasted to trade at an average price of $133.51 over the course of the next 52 weeks, with a low of $110.00 and a high of $160.00. Based on these price targets, the low is 3.04% off current price, whereas the price has to move -41.03% to reach the yearly target high. Additionally, analysts’ median price of $132.70 is likely to be welcomed by investors because it represents a decrease of -16.97% from the current levels.
A comparison of Fiserv Inc. (FISV) with its peers suggests the former has fared considerably weaker in the market. FISV showed an intraday change of 0.57% in today’s session so far, and over the past year, it grew by 16.39%%. In comparison, PayPal Holdings Inc. (PYPL) has moved higher at 1.13% today and is down -25.06% over the past 12 months. On the other hand, the price of Global Payments Inc. (GPN) has risen 0.57% today. The stock, however, is off -20.25% from where it was a year ago. Additionally, there is a loss of -0.17% for FLEETCOR Technologies Inc. (FLT) in recent trading while the stock has seen an overall depriciation of -0.38%% over the past year. The PE ratio stands at 29.84 for Fiserv Inc., compared to 25.14 for PayPal Holdings Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.19%. Meanwhile, the Dow Jones Industrial Improved by 1.06%.
Data on historical trading for Fiserv Inc. (NASDAQ:FISV) indicates that the trading volumes over the past 10 days have averaged 2.68 million and over the past 3 months, they’ve averaged 3.33 million. According to company’s latest data on outstanding shares, there are 626.90 million shares outstanding.
Nearly 0.50% of Fiserv Inc.’s shares belong to company insiders and institutional investors own 92.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.15 million shares as on May 14, 2023, resulting in a short ratio of 3.4. According to the data, the short interest in Fiserv Inc. (FISV) stood at 1.48% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 9.56 million. The stock has risen by 12.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FISV stock heading into the next quarter.
