Chart Of The Day: Fiserv

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Photo by Joshua Mayo on Unsplash
 

The Chart of the Day belongs to the financial services technology company Fiserv (FI). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Seeker signaled a buy on 6/14 the stock gained 7.82%.

(Click on image to enlarge)

FI Price vs Daily Moving Averages

Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves businesses, banks, credit unions, other financial institutions, merchants, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

  • 100% technical buy signals
  • 34.03+ Weighted Alpha
  • 32.22% gain in the last year
  • Trend Seeker buy signal
  • Above its 20, 50, and 100-day moving averages
  • 15 new highs and up 8.20% in the last month
  • Relative Strength Index 69.65%
  • The technical support level at $128.13
  • Recently traded at $129.38 with a 50-day moving average of $120.58
     

Fundamental Factors:

  • Market Cap $78.79 billion
  • P/E 19.36
  • Revenue is projected to grow 7.40% this year and another 7.60% next year
  • Earnings are estimated to increase 13.60% this year, an additional 14.10% next year, and compound at an annual rate of13.95% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

  • Wall Street analyst gave 17 strong buy, 8 buy, and 11 hold opinions on the stock
  • Analysts price targets are $111 to $160 - with a c9nsensus of $136 for a 5% gain
  • Value Line ranks the stock an above 2 with a price target of $138 for a 10% gain
  • CFRAs MarketScope rates it a 4 star hold buy
  • 31,490 investors monitor the stock on Seeking Alpha

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the ...

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