Fiserv Inc. (NASDAQ:FISV) does about 3.64M shares in volume on a normal day but saw 2391279 shares change hands in Monday trading. The company now has a market cap of 65.82B USD. Its current market price is $105.55, marking an increase of 1.44% compared to the previous close of $104.05. The 52 week high reached by this stock is $110.94 whilst the lowest price level in 52 weeks is $87.03. The script in recent trading has seen the stock touch a high of $106.30 and a low of $104.08.
Fiserv Inc. (FISV) has a 20-day trading average at $101.84 and the current price is -4.86% off the 52-week high compared with 21.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $101.28 and its 200-day simple moving average is $99.67. If we look at the stock’s price movements over the week, volatility stands at 1.88%, which increases to 1.98% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.06 to suggest the stock is neutral.
33 analysts observing the Fiserv Inc. (FISV) stock have set the 12-month price targets for the company’s shares at between $95.00 and $140.00. The consensus objective for the share price is $120.00, suggesting that the stock has a potential upside of 12.04% over the period. The median price target is 13.13% away from the current levels at $121.50.
FactSet Research has provided data showing that 33 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 5 advise that it is a overweight. 17 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 09, 2023 when Wells Fargo downgraded the stock to “Underweight” and issued a price target of between $106 and $101. Atlantic Equities also downgraded the stock to “Neutral” from Overweight on October 12, 2022 at a price target of $130-$105.
The current price level is 3.87%, 4.37%, and 5.91% away from its SMA20, SMA50, and SMA200 respectively, with the FISV price moving above the 50-day SMA on January 23. Fiserv Inc. (FISV) stock is up 2.92% over the week and 6.02% over the past month. Its price is 4.43% year-to-date and -0.71% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $1.63 below consensus estimates by -$0.07. FISV’s earnings per share are forecast to grow by 16.10% this year and 13.70% over next year. Expected sales for next quarter are $4.16 billion, which analysts say will come at $16.74 billion for the current fiscal year and next year at $17.88 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.33 billion.
To reach the target analysts have set, the stock logically needs to grow 12.04 percent from here.
Outstanding shares total 639.60M with insiders holding 0.48% of the shares and institutional holders owning 93.20% of the company’s common stock. The company has a return on investment of 3.70% and return on equity of 6.70%. The price to earnings ratio (P/E ratio) amounts to 33.15 while the forward price to earnings ratio is 14.47. The beta has a value of 0.86. Price to book ratio is 2.23 and price to sales ratio is 3.79.
Dodge & Cox Stock Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 36674.0 shares to end up with 17,386,068 shares worth $1.76 billion. Vanguard 500 Index Fund raise their holdings by 0.16% in the company over the course of the most recent quarter. It now holds a 2.31% position in Fiserv Inc. thanks to 14.68 million shares amounting to $1.48 billion.