Sitting at $78 Bln market cap Fiserv returned the shareholders absolutely brilliant profits this year! The shares are now trading at an ATH of $130 and investos pilling up to buy more shares.
After taking a beating in the summer, FI droped with $20, testing a bottom at $110 in late October. Since then howeve, the shares recovered, reaching above $131. This was almost a 20% rally in 1 month. In mid November a Golden Cross formation cofirmed that bulls are in control and its likely that more buyers will be lifting the prices even higher.
The financil information of the company seems to be the driver behind this fantastic growth of their shares. The revenue of $18 Bln is growing for 13 years in a row! Now this is a great track record for FI. Operating margin of 17% is growing for a second year in a row. This strong history of growing revenues and efficiency is causing the huge interest in the company. Investors love the shares and are extemely positive about the future, this is why the P/E of 27.1 is higher than those of some direct competitors, but its not a bad thing!
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