Fiserv Inc (FISV) Could Help Your Portfolio. The Stock Formed Wedge Up

June 19, 2017 - By Louis Casey

Investors sentiment decreased to 0.65 in Q4 2016. Its down 0.13, from 0.78 in 2016Q3. It is negative, as 59 investors sold Fiserv Inc shares while 308 reduced holdings. 64 funds opened positions while 173 raised stakes. 186.66 million shares or 2.43% more from 182.23 million shares in 2016Q3 were reported.
Alpha Windward Limited Liability Com reported 2,029 shares. 1832 Asset Management L P owns 625 shares. Thrivent Fincl For Lutherans stated it has 0% of its portfolio in Fiserv Inc (NASDAQ:FISV). Burt Wealth Advsrs reported 0.02% in Fiserv Inc (NASDAQ:FISV). Tcw Grp Inc has invested 0.01% in Fiserv Inc (NASDAQ:FISV). Moreover, Thompson has 0.15% invested in Fiserv Inc (NASDAQ:FISV) for 7,015 shares. Investec Asset holds 0.5% in Fiserv Inc (NASDAQ:FISV) or 899,876 shares. Cornerstone owns 373 shares or 0.03% of their US portfolio. Moreover, Nikko Asset Mgmt Americas has 0.08% invested in Fiserv Inc (NASDAQ:FISV). First Manhattan reported 0% of its portfolio in Fiserv Inc (NASDAQ:FISV). 15,572 were accumulated by 1St Glob Advsr. Hugh Johnson Ltd Liability Com owns 2.47% invested in Fiserv Inc (NASDAQ:FISV) for 67,129 shares. Regions Corp owns 7,032 shares for 0.01% of their portfolio. Pacad Investment Limited, British Columbia – Canada-based fund reported 17,600 shares. Blackrock Lc reported 928,616 shares or 0.11% of all its holdings.

Since December 21, 2016, it had 0 insider buys, and 6 sales for $10.36 million activity. $1.30 million worth of Fiserv Inc (NASDAQ:FISV) was sold by YABUKI JEFFERY W on Wednesday, December 21. OLEARY DENIS had sold 8,654 shares worth $952,560 on Tuesday, February 14. Shares for $850,421 were sold by KEARNEY DANIEL P on Friday, February 17. $504,239 worth of Fiserv Inc (NASDAQ:FISV) shares were sold by McCreary Lynn S..

The stock of Fiserv Inc (FISV) formed an up wedge with $128.75 target or 3.00 % above today’s $125.00 share price. The 6 months wedge indicates low risk for the $26.37B company. If the $128.75 price target is reached, the company will be worth $791.10M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

About 189,908 shares traded. Fiserv Inc (NASDAQ:FISV) has risen 18.57% since June 19, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.

Analysts expect Fiserv Inc (NASDAQ:FISV) to report $1.24 EPS on August, 1.They anticipate $0.16 EPS change or 14.81 % from last quarter’s $1.08 EPS. FISV’s profit would be $261.61M giving it 25.21 P/E if the $1.24 EPS is correct. After having $1.25 EPS previously, Fiserv Inc’s analysts see -0.80 % EPS growth.

Fiserv Inc (NASDAQ:FISV) Ratings Coverage

Among 21 analysts covering Fiserv (NASDAQ:FISV), 8 have Buy rating, 1 Sell and 12 Hold. Therefore 38% are positive. Fiserv had 27 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Friday, January 6 by BMO Capital Markets. The stock of Fiserv Inc (NASDAQ:FISV) has “Neutral” rating given on Friday, August 14 by JP Morgan. On Monday, March 21 the stock rating was downgraded by Oppenheimer to “Perform”. The rating was initiated by Compass Point on Friday, April 15 with “Sell”. Cowen & Co initiated the stock with “Market Perform” rating in Wednesday, September 30 report. Topeka Capital Markets maintained it with “Hold” rating and $87 target in Wednesday, October 28 report. The stock of Fiserv Inc (NASDAQ:FISV) has “Hold” rating given on Friday, October 7 by Cantor Fitzgerald. The firm earned “Buy” rating on Thursday, December 17 by Sterne Agee CRT. The stock has “Buy” rating by Argus Research on Monday, May 9. The company was maintained on Wednesday, October 28 by Oppenheimer.

More notable recent Fiserv Inc (NASDAQ:FISV) news were published by: Reuters.com which released: “BRIEF-Fiserv Inc makes cash offer for Monitise Plc” on June 13, 2017, also Seekingalpha.com with their article: “Fiserv To Acquire Monitise For Digital Banking Push” published on June 14, 2017, Jsonline.com published: “Fiserv CEO wants location of new headquarters to help recruit younger workers” on May 24, 2017. More interesting news about Fiserv Inc (NASDAQ:FISV) were released by: Nasdaq.com and their article: “Fiserv (FISV) Up 3.9% Since Earnings Report: Can It Continue?” published on May 29, 2017 as well as Businesswire.com‘s news article titled: “Fiserv to Host Investor Conference on June 20, 2017” with publication date: June 13, 2017.

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