Is Fiserv, Inc. (NYSE: FI) Proving The Doubters Wrong?

Fiserv, Inc. (FI) concluded trading on Thursday at a closing price of $157.69, with 2.97 million shares of worth about $467.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.73% during that period and on July 18, 2024 the price saw a loss of about -0.17%. Currently the company’s common shares owned by public are about 594.00M shares, out of which, 580.55M shares are available for trading.

Stock saw a price change of 4.26% in past 5 days and over the past one month there was a price change of 5.32%. Year-to-date (YTD), FI shares are showing a performance of 18.71% which increased to 21.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $109.11 but also hit the highest price of $159.99 during that period. The average intraday trading volume for Fiserv, Inc. shares is 2.42 million. The stock is currently trading 4.50% above its 20-day simple moving average (SMA20), while that difference is up 4.53% for SMA50 and it goes to 12.29% higher than SMA200.

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Fiserv, Inc. (NYSE: FI) currently have 594.00M outstanding shares and institutions hold larger chunk of about 92.70% of that.

The stock has a current market capitalization of $92.26B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 29.52, while it has posted earnings per share of $5.34 in the same period. Its PEG reads 1.90 and has Quick Ratio of 1.06 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FI, volatility over the week remained 1.48% while standing at 1.59% over the month.

Stock’s fiscal year EPS is expected to rise by 15.82% while it is estimated to increase by 16.21% in next year. EPS is likely to grow at an annualized rate of 15.54% for next 5-years, compared to annual growth of 11.66% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on June 12, 2024 offering an Overweight rating for the stock and assigned a target price of $180 to it. Coverage by Oppenheimer stated Fiserv, Inc. (FI) stock as an Outperform in their note to investors on January 11, 2024, suggesting a price target of $168 for the stock. On January 10, 2024, Exane BNP Paribas Upgrade their recommendations, while on January 08, 2024, KeyBanc Capital Markets Upgrade their ratings for the stock with a price target of $180. Stock get an Outperform rating from BMO Capital Markets on December 05, 2023.

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