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Fiserv, Inc. (FISV) provides financial services technology worldwide.
The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
This segment also offers card and print personalization services; investment account processing services for separately managed accounts; and fraud and risk management products and services.
Its Financial Institution Services segment provides account processing, item processing and source capture, loan origination and servicing products, cash management and consulting services, and other products and services that support various types of financial transactions. This segment also provides ACH and treasury management, case management and resolution, and source capture optimization services to the financial services industry.
The company also provides bank payment and liquidity management solutions, as well as Internet based mortgage software and mortgage lending technology solutions. It serves banks, credit unions, investment management firms, leasing and finance companies, billers, retailers, and merchants.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Higher share prices are expected for this stock. On February 4th, Fiserv reported Quarter December 2019 earnings of $1.13 per share on revenue of $4.0 billion. The consensus earnings estimate was $1.14 per share on revenue of $4.0 billion. Revenue grew 160.8% on a year-over-year basis.
The company said it expects 2020 earnings of $4.86 to $5.02 per share. The current consensus earnings estimate is $4.96 per share for the year ending December 31, 2020.
Entry Point: $122.00
Stop Loss: $115.90
Trading Range: $81.62 to $125.05
Target Price: $134.20
FISV closed at $100. We are moving the funds to a better perorming issue.
