What’s Fiserv Inc (FISV) Upside After Forming Double Top Chart Pattern?

November 15, 2017 - By Maria Brooks

Investors sentiment increased to 0.75 in 2017 Q2. Its up 0.02, from 0.73 in 2017Q1. It is positive, as 30 investors sold Fiserv Inc shares while 292 reduced holdings. 56 funds opened positions while 186 raised stakes. 180.62 million shares or 1.10% less from 182.63 million shares in 2017Q1 were reported.
Eulav Asset holds 1.13% of its portfolio in Fiserv Inc (NASDAQ:FISV) for 189,000 shares. Btc Mgmt holds 0.65% or 29,199 shares. 23,093 are owned by Shelton Capital. Bokf Na holds 0.24% or 61,904 shares. Security Natl Bank Of So Dak holds 2,130 shares or 0.3% of its portfolio. Enterprise owns 89 shares or 0.01% of their US portfolio. Df Dent & holds 0.22% or 68,553 shares in its portfolio. Td Asset Mgmt invested in 0.13% or 689,131 shares. North Point Port Managers Oh owns 137,538 shares or 2.93% of their US portfolio. Sei Investments Company holds 124,953 shares or 0.06% of its portfolio. 13,614 are held by Kentucky Retirement Sys. California-based Aperio Gru Limited Com has invested 0.09% in Fiserv Inc (NASDAQ:FISV). Scout Incorporated holds 202,459 shares or 0.72% of its portfolio. Brown Advisory Incorporated accumulated 6,872 shares or 0% of the stock. Logan Cap Management Inc has invested 1.52% in Fiserv Inc (NASDAQ:FISV).

Since May 22, 2017, it had 0 insider buys, and 1 sale for $2.07 million activity.

The chart of Fiserv Inc (FISV) shows a double top with $141.13 target or 9.00 % above today’s $129.48 share price. The 8 months chart pattern indicates low risk for the $26.98 billion company. It was reported on Nov, 15 by Finviz.com. If the $141.13 price target is reached, the company will be worth $2.43B more. Double tops are rare but powerful chart patterns.

About 5,584 shares traded. Fiserv Inc (NASDAQ:FISV) has risen 18.57% since November 15, 2016 and is uptrending. It has outperformed by 1.87% the S&P500.

Analysts await Fiserv Inc (NASDAQ:FISV) to report earnings on February, 14. They expect $1.37 EPS, up 18.10 % or $0.21 from last year’s $1.16 per share. FISV’s profit will be $285.50M for 23.69 P/E if the $1.37 EPS becomes a reality. After $1.27 actual EPS reported by Fiserv Inc for the previous quarter, Wall Street now forecasts 7.87 % EPS growth.

Fiserv Inc (NASDAQ:FISV) Ratings Coverage

Among 22 analysts covering Fiserv (NASDAQ:FISV), 9 have Buy rating, 1 Sell and 12 Hold. Therefore 41% are positive. Fiserv had 44 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, October 28 the stock rating was maintained by Topeka Capital Markets with “Hold”. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, August 1. Sterne Agee CRT initiated the shares of FISV in report on Thursday, December 17 with “Buy” rating. RBC Capital Markets maintained Fiserv Inc (NASDAQ:FISV) rating on Tuesday, May 30. RBC Capital Markets has “Hold” rating and $12300 target. As per Monday, January 9, the company rating was maintained by Monness Crespi. The stock of Fiserv Inc (NASDAQ:FISV) has “Outperform” rating given on Friday, October 28 by Robert W. Baird. Jefferies maintained the stock with “Buy” rating in Thursday, August 4 report. Monness Crespi & Hardt upgraded Fiserv Inc (NASDAQ:FISV) rating on Tuesday, October 4. Monness Crespi & Hardt has “Buy” rating and $115 target. The firm has “Hold” rating by SunTrust given on Tuesday, October 31.

More notable recent Fiserv Inc (NASDAQ:FISV) news were published by: Jsonline.com which released: “Third-quarter revenue rises for Fiserv Inc.” on October 31, 2017, also Businesswire.com with their article: “Fiserv Recognized with Innovative Solutions Award from BankNews” published on November 14, 2017, Nasdaq.com published: “Earnings Reaction History: Fiserv Inc., 66.7% Follow-Through Indicator, 2.2 …” on October 31, 2017. More interesting news about Fiserv Inc (NASDAQ:FISV) were released by: Nasdaq.com and their article: “Fiserv Inc. Earnings Rise 8% In Q3” published on October 31, 2017 as well as Businesswire.com‘s news article titled: “Bursari Selects Fiserv to Enable Easy and Efficient Digital Payment Acceptance …” with publication date: November 13, 2017.

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