Let’s look at the key reasons that are pushing Fiserv, Inc (FI) to new highs

Fiserv, Inc (NYSE: FI) on Tuesday, plunged -0.37% from the previous trading day, before settling in for the closing price of $214.86. Within the past 52 weeks, FI’s price has moved between $121.07 and $215.45.

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Technology Sector giant saw their annual sales surged by 29.39% over the last five years. The company achieved an average annual earnings per share of 16.65%. With a float of $564.68 million, this company’s outstanding shares have now reached $594.00 million.

The firm has a total of 42000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 63.89%, operating margin of 28.12%, and the pretax margin is 21.99%.

Fiserv, Inc (FI) Breakdown of a Key Holders of the stock

Observing investor behavior towards Information Technology Services industry stocks is more important than anything else. The insider ownership of Fiserv, Inc is 0.74%, while institutional ownership is 92.20%. The most recent insider transaction that took place on Nov 12 ’24, was worth 4,468,372. Before that another transaction happened on Oct 30 ’24, when Company’s Director sold 30,000 for $201.13, making the entire transaction worth $6,033,843. This insider now owns 33,235 shares in total.

Fiserv, Inc (FI) Recent Fiscal highlights

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 2.19 earnings per share (EPS) for the period topping the consensus outlook (set at 2.15) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.84% during the next five years compared to 11.66% growth over the previous five years of trading.

Fiserv, Inc (NYSE: FI) Trading Performance Indicators

Fiserv, Inc (FI) is currently performing well based on its current performance indicators. A quick ratio of 1.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.05. Likewise, its price to free cash flow for the trailing twelve months is 26.67.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.18, a number that is poised to hit 2.49 in the next quarter and is forecasted to reach 10.19 in one year’s time.

Technical Analysis of Fiserv, Inc (FI)

Analysing the last 5-days average volume posted by the [Fiserv, Inc, FI], we can find that recorded value of 2.36 million was lower than the volume posted last year of 2.48 million. As of the previous 9 days, the stock’s Stochastic %D was 91.47%. Additionally, its Average True Range was 3.71.

During the past 100 days, Fiserv, Inc’s (FI) raw stochastic average was set at 97.99%, which indicates a significant increase from 92.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.51% in the past 14 days, which was higher than the 18.06% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $188.98, while its 200-day Moving Average is $162.44. Now, the first resistance to watch is $215.04. This is followed by the second major resistance level at $216.02. The third major resistance level sits at $216.79. If the price goes on to break the first support level at $213.29, it is likely to go to the next support level at $212.52. Now, if the price goes above the second support level, the third support stands at $211.54.

Fiserv, Inc (NYSE: FI) Key Stats

Market capitalization of the company is 121.78 billion based on 568,919K outstanding shares. Right now, sales total 19,093 M and income totals 3,068 M. The company made 5,215 M in profit during its latest quarter, and 564,000 K in sales during its previous quarter.