On the upside, Fiserv, Inc. (NASDAQ:FISV) will test short term resistance at around $76.81. On a downside, the share price is likely to find some support, which begins at $74.69. The failure to get near-term support could push it to $73.3. Its 50 day simple moving average (SMA 50) price is $78.65 and its 200-day simple moving average (SMA 200) price is $75.81. The company’s stock currently has a total float of 397.35M shares. Its weekly volatility is hovering around 2.21% and felt 2.14% volatility in price over a month.
FISV stock has been range bound between the range of $74.04 and $74.04 during the whole day. The stock finished Thursday at $76.07. The -1.09% downtrend forced its market value to reach at $30.72B. The price went up as high as $74.04 before retreating. Trading activity significantly improved as the volume at ready counter increased to 3,556,111 shares versus 2,042,185 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,948,935 shares. The stock is now 21.21% above against its bear-market low of $62.76 on February 06, 2018. It has retreated -8.83% since it’s 52-week high of $82.79 reached in October. Now the market price is up 16.24% on the year and up 16.02% YTD.
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 $677,564 in transaction occurred on 2018/11/21. After making this transaction, the President and CEO owns a direct stake of 3,847,000 shares, worth $51,542,293, as per the last closing price. On 2018/10/17 Yabuki Jeffery W, President and CEO at FISV, dumped 50,000 shares at an average price of $78.92 per share. The selling total is valued at $45,931,675.
President and CEO, Yabuki Jeffery W had divested 50,000 shares for $653,808 through a trade on 2018/09/19. Following this activity, the insider holds 3,986,000 shares worth $49,735,175 as of recent close. Wall Street’s most bullish Fiserv, Inc. (NASDAQ:FISV) analysts are predicting the share price to blow past $95 per share during the next 12 months. The current median share price forecast by them is $82.5, suggesting that the stock could increase 8.45% in that time frame. The average price target of $81.13 calls for a nearly 6.65% increase in the stock price.
It had seen a negative analyst call from JP Morgan, which downgraded the stock from Neutral to Underweight on August 14. Analysts at SunTrust, shed their negative views on February 09 by lifting it fromHold to Buy. Brokerage firm RBC Capital Mkts, looks cautious as they stick to prior recommendation of Sector Perform, in a call on August 02. However, they did change the target price from $123 to $128.
When looking at valuations, Fiserv, Inc. (FISV) has a cheap P/E of 27.09x as compared to industry average of 27.74x. Moreover, it trades for 21.65 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 11.54x price/book and 5.31x price/sales. Compared to others, Fiserv, Inc. is in a different league with regards to profitability, having net margins of 25%. To put some perspective around this, the industry’s average net margin is 1.3%. FISV’s ROE is 51.6%, which is also considerably better than the industry’s ROE of 12.82%. 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 dropped -3% 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 October 31, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.75 per share, -65.91% change on the same period last year. That was worse than consensus for $0.77. Revenue for the recent quarter stood at $1.41 billion, up 1% on last year and below the $1.43 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.52 billion to $1.61 billion, which should be compared with $1.59 billion generated last year. EPS is seen in a range of $0.84 to $0.9, against the $0.78 reported a year ago.