#6 - Fiserv (NYSE:FI)
Fiserv (NASDAQ: FISV) is one of the oldest fintech stocks. For over 35 years, the company has been providing solutions that facilitate digital payments and account processing services in all forms. The company has 1.4 billion global accounts that include 10,000 financial institutions. Fiserv processes 12,000 financial transactions every second.
Since falling to an all-time low at the onset of the pandemic, FISV stock has rallied by over 40%. And in the company’s most recent earnings report on July 27, they scored a beat on both the top and bottom lines. The $4.05 billion in revenue was the most the company had recorded since the fourth quarter of 2019.
One reason for the optimism is the company’s acquisition of Ondot Systems which allows Fiserv to expand the solutions that it can offer its existing and potentially future clients.
FISV stock is up 12.9% in the last 12 months. Analysts are bullish on the stock and give it a 15% upside from its current level.
About Fiserv
Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
Read More - Current Price
- $203.67
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $222.88 (9.4% Upside)
