Shares $FI fell today by about 45% after a disappointing earnings report, which sent the stock YTD to -65%. It’s one of the largest payment institutions and the drop seems quite exaggerated to me. I’m sharing this info for anyone who might like the stock and see it as a buying opportunity. :-)
Fiserv: Payments technology leader and growth stock of the year
Fiserv Inc $FI, a company focused on payment technology, has seen its stock grow significantly this year, up 67%. Key factors in this success include the successful acquisition of First Data and the growing popularity of its Clover platform , which supports the digitization of payment solutions for small and...
Read more
Looks pretty good, however the stock is up a lot right now so I would wait to buy.
I also think the drop is exaggerated. The company had fairly strong buy recommendations before the results and price targets around $170. So we'll see how the new management handles it.