Despite closing -0.18 points lower on 12 February, Fiserv, Inc. (NASDAQ:FISV) remains a key investment for many, but the stock is also a popular trading vehicle. Here’s how to trade it using charts and trading levels Wednesday. The shares dropped -0.21 percent at $84.38 with a light trade volume of 4.147 million shares. After opening the session at $85.3, the shares went as high as $85.3 and as low as $83.87, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $34.1 billion and now has 403.8 million shares outstanding. Fiserv, Inc. (FISV) stock has gained 13.87 percent of market value in 21 trading days.
FISV stock has a trailing 3-year beta of 0.83, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.91 a share in the trailing twelve months. The stock’s value has surged 14.82 percent year to date (YTD) against a rise of 22.77 percent in 12 month’s time. The company’s shares still trade -2.21 percent away from its 1-year high of $86.29 and 23.65 percent up from 52-week low of $68.24. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Fiserv, Inc. (FISV) will probably climb 2.51 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $100 price as 12-month high target. This represents a whopping 18.51 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $90, which represents a return potential of 6.66 percent when compared to the closing price of the stock of $84.38 on Tuesday, February 12. The lowest price target for the stock is $71 — slightly more than -15.86 percent from FISV’s current share price.
History has shown that shares in Fiserv, Inc. have gone down on 21 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. Investors will get their next glimpse of FISV’s Q1 earnings on April 30. Analysts are forecasting revenue to climb 2.1 percent to $1.55B in the fiscal first quarter, while earnings are seen soaring by nearly 21.13 percent to $0.86 per share. It earned $0.75 per share, worse than the $0.77, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.55B, in line with the $1.55B analysts expected. Earnings are estimated to increase by 6.9 percent this year, 11.56 percent next year and continue to increase by 12 percent annually for the next 5 years.
Let’s take a look at some insider activity at Fiserv, Inc. (NASDAQ:FISV) and see the pattern. The earliest insider trade took place on 01/16/2019. Yabuki Jeffery W parted with a total of 50 thousand shares of company at average share price of $71.2. The total for the sales was set at $3.56 million. After this transaction, the President and CEO account balance stood at 577.56 thousand shares. The stock grew 18.76 percent since that insider sale. On 12/19/2018, Yabuki Jeffery W, President and CEO, sold 50 thousand shares at a price per share of $73.98. This removed 3.7 million shares from the insider’s fortune and the stock saw a 14.3 percent rally in value since the news became public. This transaction left 627.56 thousand shares in the President and CEO account.
On 11/21/2018, President and CEO Yabuki Jeffery W performed a sale transaction worth $3.85 million. This sale at $76.94 each has eliminated 50 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded 9.9 percent increase since the transaction was reported. The insider now is left with 677.56 thousand shares remaining in the account. Yabuki Jeffery W, who performs the President and CEO job, sold 50 thousand shares for $3.95 million. The disposal occurred on 10/17/2018 was priced at $78.92 per share. The share price soared 7.15 percent since the reporting date. Yabuki Jeffery W now left with a stake of 603.81 thousand FISV stock worth $50.95 million after the insider selling.
The stock is currently hovering around the first support level of $83.73. Below this, the next support is placed in the zone of $83.09. Till the time, the FISV stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 60.12 on daily chart, which may remain a cause for concern. If the price breaks below $83.09 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $85.16 mark may result into a pull-back move towards $85.95 level.
Shares of Fiserv, Inc. (FISV) are trading at a P/E ratio of 29.06 times earnings reported for the past 12 months. The industry FISV operates in has an average P/E of 29.15. Its P/E ratio went as low as 23.79X and as high as 30.57 over the 5-year span.Further, it is sporting a 5.85 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.4. 47.3 percent is the gross profit margin for Fiserv, Inc. and operating margin sits at 30.2 percent. Along with this, the net profit margin is 24.9 percent.