Shares of payment processor Fiserv ( NASDAQ:FISV) plunged on Wednesday, following news of the loss of a large customer. The stock was down 13.1% at the lows of the day, but as of 2:14 p.m. EDT, it was bouncing a bit and is now down about 11%.
Full Answer
Is Fiserv’s stock facing selling pressure?
Fiserv shares may be facing selling pressure after the company guided for slowing revenue growth. The company said it expects organic revenue growth of 7% to 9% for 2022. Fiserv also expects 2022 adjusted earnings to be in a range of $6.40 to $6.55 per share.
What does the loss of a large client mean for Fiserv?
The loss of a large client is never good, especially as concerns mount over high-growth fintechs disrupting the traditional payments processing space. Fiserv is one of the largest traditional players, after acquiring rival First Data back in 2019.
Is fitfiserv shares under selling pressure?
Fiserv shares may be facing selling pressure after the company guided for slowing revenue growth. The company said it expects organic revenue growth of 7% to 9% for 2022.
Did Fiserv's Q3 earnings beat expectations?
After all, Fiserv's third-quarter numbers of 10% non-GAAP (adjusted) revenue growth and 23% adjusted earnings-per-share growth were solid, beating analyst expectations. The company even increased the low end of its full-year guidance range, from $5.50-$5.60 per share to $5.55-$5.60 per share.
Is Fiserv stock a good buy?
FISV is currently benefiting from strategic acquisitions and a steady flow of customers. The company has an expected long-term earnings per share (three to five years) growth rate of 13.4%. Its earnings are expected to increase 16.1% for 2022 and 13.7% for 2023.
Will Fiserv go up?
Based on our forecasts, a long-term increase is expected, the "FISV" stock price prognosis for 2027-06-11 is 105.451 USD. With a 5-year investment, the revenue is expected to be around +15.31%. Your current $100 investment may be up to $115.31 in 2027. Get It Now!
Is Fiserv a good long-term investment?
Good news, investors! Fiserv is still a bargain right now. According to my valuation, the intrinsic value for the stock is $151.28, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
What company owns Fiserv?
Fiserv reported total revenue of $10.187 billion in 2019. Fiserv is also the owner of First Data since 2019, and by extension the Clover brand and products, meaning Fiserv is directly competing with Square, Inc....Fiserv, Inc.TypePublicFounded1984HeadquartersBrookfield, Wisconsin, U.S.11 more rows
How does FISV make money?
Unlike most of the financials, Fiserv (NASDAQ: FISV) doesn't make its money taking credit risk -- it's a fintech company that earns fee income from the services it provides.
Is Fiserv publicly traded?
Fiserv, Inc. became a public company on September 25, 1986.
Is Fiserv a stable company?
Is Fiserv a good company to work for? Fiserv has an overall rating of 3.3 out of 5, based on over 6,941 reviews left anonymously by employees. 55% of employees would recommend working at Fiserv to a friend and 53% have a positive outlook for the business. This rating has decreased by -3% over the last 12 months.
How much is Fiserv debt?
US$20.1bHow Much Debt Does Fiserv Carry? As you can see below, Fiserv had US$20.1b of debt at June 2021, down from US$21.2b a year prior.
Is Fiserv a good company?
Is Fiserv a good company to work for? Fiserv has an overall rating of 3.7 out of 5, based on over 6,944 reviews left anonymously by employees. 70% of employees would recommend working at Fiserv to a friend and 71% have a positive outlook for the business. This rating has decreased by -3% over the last 12 months.
How many banks use Fiserv?
137 Companies that are using Fiserv Financial Services Software.
Is Fiserv the largest FinTech company?
Fiserv Tops IDC FinTech Rankings of Financial Technology Providers. BROOKFIELD, Wis. – Fiserv, Inc. (NASDAQ: FISV) has topped the 2021 IDC FinTech Rankings of the leading global hardware, software and service providers to the financial services industry.
What happened
Shares of payment processor Fiserv ( FISV -0.21% ) plunged on Wednesday, following news of the loss of a large customer. The stock was down 13.1% at the lows of the day, but as of 2:14 p.m. EDT, it was bouncing a bit and is now down about 11%.
What happened
At first glance, the sell-off may seem unwarranted. After all, Fiserv's third-quarter numbers of 10% non-GAAP (adjusted) revenue growth and 23% adjusted earnings-per-share growth were solid, beating analyst expectations. The company even increased the low end of its full-year guidance range, from $5.50-$5.60 per share to $5.55-$5.60 per share.
Now what
While the loss of that much processing volume is significant, there may be a few silver linings here that could make the sell-off a buying opportunity. First, CEO Frank Bisignano emphasized this client, a partner in one of their joint ventures, decided to take certain processing functions in-house.
How much did Fiserv lose in 2020?
Fiserv's stock suffered its worst single-day loss since the start of the pandemic, losing 9% on the day. It was only surpassed by the 11% loss incurred on March 18, 2020.
Who is the Motley Fool?
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off.
Is Fiserv a loss of business?
Ultimately, it's still a loss of business even if Fiserv says it doesn't affect the company economically, if it only just lowers the volumeof business it will be doing.
What happened
Shares of payment processor Fiserv (NASDAQ: FISV) plunged on Wednesday, following news of the loss of a large customer. The stock was down 13.1% at the lows of the day, but as of 2:14 p.m. EDT, it was bouncing a bit and is now down about 11%.
What happened
At first glance, the sell-off may seem unwarranted. After all, Fiserv's third-quarter numbers of 10% non-GAAP (adjusted) revenue growth and 23% adjusted earnings-per-share growth were solid, beating analyst expectations. The company even increased the low end of its full-year guidance range, from $5.50-$5.60 per share to $5.55-$5.60 per share.
Now what
While the loss of that much processing volume is significant, there may be a few silver linings here that could make the sell-off a buying opportunity. First, CEO Frank Bisignano emphasized this client, a partner in one of their joint ventures, decided to take certain processing functions in-house.
How much will Fiserv increase in 2021?
Fiserv has an expected long-term earnings per share (three to five years) growth rate of 15.2%. Its earnings are expected to increase 25.8% in 2021 and 16% in 2022.
Is Fiserv a strategic acquisition?
Fiserv continues to expand its product portfolio through strategic acquisitions. The recent acquisition of Pineapple Payments has placed Fiserv in a position to expand the reach of its payments solutions, especially Clover and Clover Connect.
