What Next for Fiserv, Inc. (FISV) Stock After Touching 52-Week High?

January 14, 2018 - By reb123z

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.02, from 0.75 in 2017Q2. It dived, as 41 investors sold Fiserv, Inc. shares while 269 reduced holdings. 47 funds opened positions while 179 raised stakes. 180.11 million shares or 0.28% less from 180.62 million shares in 2017Q2 were reported.
130,551 were reported by Echo Street Cap Mngmt Limited Company. 27,947 were accumulated by Busey. Whittier Tru Of Nevada has 1,243 shares. Fayerweather Charles stated it has 25,180 shares or 4.26% of all its holdings. Moreover, Texas Permanent School Fund has 0.1% invested in Fiserv, Inc. (NASDAQ:FISV). Janney Montgomery Scott Llc owns 12,868 shares. Tarbox Family Office has 153 shares for 0.01% of their portfolio. Dupont Management invested in 0.06% or 20,257 shares. Smithfield has invested 0.04% in Fiserv, Inc. (NASDAQ:FISV). Private Advisor Gru Llc has 0.05% invested in Fiserv, Inc. (NASDAQ:FISV) for 16,421 shares. American Int Gp holds 0.05% in Fiserv, Inc. (NASDAQ:FISV) or 99,263 shares. Landscape Cap Limited Liability Corporation reported 0.03% stake. Contravisory Inv has 0.1% invested in Fiserv, Inc. (NASDAQ:FISV) for 2,275 shares. Metropolitan Life Ins invested in 108,973 shares or 0.09% of the stock. Dekabank Deutsche Girozentrale has invested 0.12% in Fiserv, Inc. (NASDAQ:FISV).

Since August 23, 2017, it had 0 insider buys, and 6 insider sales for $8.90 million activity. VIELEHR BYRON C sold $1.31 million worth of stock. On Tuesday, September 19 YABUKI JEFFERY W sold $2.13M worth of Fiserv, Inc. (NASDAQ:FISV) or 17,000 shares. 3,439 shares valued at $452,263 were sold by Schultz Kevin J on Monday, December 11.

The stock of Fiserv, Inc. (NASDAQ:FISV) hit a new 52-week high and has $145.45 target or 6.00 % above today’s $137.22 share price. The 9 months bullish chart indicates low risk for the $28.60B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $145.45 price target is reached, the company will be worth $1.72B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.44% or $0.61 during the last trading session, reaching $137.22. About 764,118 shares traded. Fiserv, Inc. (NASDAQ:FISV) has risen 18.57% since January 14, 2017 and is uptrending. It has outperformed by 1.87% the S&P500.

Analysts await Fiserv, Inc. (NASDAQ:FISV) to report earnings on February, 14. They expect $1.37 EPS, up 18.10 % or $0.21 from last year’s $1.16 per share. FISV’s profit will be $285.51 million for 25.04 P/E if the $1.37 EPS becomes a reality. After $1.27 actual EPS reported by Fiserv, Inc. for the previous quarter, Wall Street now forecasts 7.87 % EPS growth.

Fiserv, Inc. (NASDAQ:FISV) Ratings Coverage

Among 22 analysts covering Fiserv (NASDAQ:FISV), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. Fiserv had 45 analyst reports since July 30, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, October 10 report. The rating was upgraded by Robert W. Baird on Friday, October 28 to “Outperform”. The rating was maintained by JP Morgan with “Neutral” on Friday, August 14. Compass Point initiated Fiserv, Inc. (NASDAQ:FISV) on Friday, April 15 with “Sell” rating. Cantor Fitzgerald initiated Fiserv, Inc. (NASDAQ:FISV) on Friday, October 7 with “Hold” rating. As per Tuesday, August 1, the company rating was maintained by RBC Capital Markets. The company was maintained on Wednesday, October 28 by Topeka Capital Markets. The firm has “Hold” rating by Cantor Fitzgerald given on Tuesday, June 20. Oppenheimer maintained it with “Outperform” rating and $100 target in Wednesday, October 28 report. Credit Suisse maintained it with “Neutral” rating and $126 target in Wednesday, August 2 report.

More news for Fiserv, Inc. (NASDAQ:FISV) were recently published by: Businesswire.com, which released: “Motor City Community Credit Union Partners with Fiserv and Celero to Fuel …” on January 03, 2018. Businesswire.com‘s article titled: “LuLu Exchange Enhances Customer Experience and Supports Expansion with Move to …” and published on December 27, 2017 is yet another important article.

Fiserv, Inc., together with its subsidiaries, provides financial services technology worldwide. The company has market cap of $28.60 billion. The companyÂ’s Payments and Industry Products segment provides debit and credit card processing and services; electronic bill payment and presentment services; Internet and mobile banking software and services; person-to-person payment services; and other electronic payments software and services. It has a 32.69 P/E ratio. This segment also offers card and print personalization services; investment account processing services for separately managed accounts; and fraud and risk management services and products.

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