I'm going out on a limb here, but my prediction is the stock will be 100 by the end of the year. Buy buy buy!!
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wow the markets up big today and Fiserv is down not breaking 98. FIS is down big today might have more here as well.
Frank's marketing cronies are paying the wrong people to try to look good. If you notice in stock news about Fiserv, they have websites in the industry they pay to make it all look positive. On the same day last week, MarketWatch said, Fiserv under performs their competitors, and a little later they reported, Fiserv out performs the competitors. That day, stock was falling again, as usual. It depended on which reporter they were paying. LOL
Optimist
Well Fiserv stock looks like a giant dog tu-d right now. It just broke trend to the downside for the second time in three months. It is below the 200 simple moving average, which means institutional buying isnt happening. Earning Per Shares looks like sh-t still. My guess is this stock will be at $75 a share if the CEO doesn't start buying back a lot of stock, cutting costs, and Rifing people to make the revenue numbers look better.
FISV used to be a growth stock with periodic splits after steady growth (i.e., 2013 and 2018), but Frankenstein showed up and orchestrated the hostile takeover of Fiserv by FirstData along with all the baggage of corruption, incompetence, and contempt for employees. Think about that, employees are your resource to growth with clients being number one.
If Fiserv has lost its focus on clients and employees, how can it grow? Consolidation, RIFs, and budget cuts get you something on paper, but reputation is a long standing indicator of success or inversely a negative assurance of floundering failure.
Imagine if client impacting events start happening? What will they think and do earnings really matter at that point?
At least Jeff Yabuki knew and focused on a client first approach with some attempts at retaining talent and investing in employees. Fiserv has always been cheap, but they used to have a long term strategy for growth. I wonder when the board is going to awaken from its slumber?
Stock is dropping like a NJ snitch with concrete boots in the Hudson River