Fiserv Stock Climbs 31% On A 6-Day Winning Streak
Fiserv (FISV) stock is on a 6-day winning streak, up 30.9% since the run began. That added about $7.8 billion to the company’s market value, which now stands at about $33.0 billion. The stock closed at $62.05 on Wednesday, November 4, 11.2% below its 52-week high of $69.85 and 39.9% above its low of $44.36.
The Streak Next To The S&P 500
Returns for FISV and the S&P 500 over the streak and the periods around it, all ending Wednesday, November 4 and including dividends:
| Return Period | FISV | S&P 500 |
|---|---|---|
| 1 Day | 6.3% | 1.6% |
| 6 Days (Current Streak) | 30.9% | -0.4% |
| 1 Month (21 Trading Days) | 36.4% | -1.6% |
| 3 Months (63 Trading Days) | 14.7% | 0.0% |
| Year To Date | -7.6% | 13.4% |
| 1 Year (252 Trading Days) | -4.7% | 13.5% |
How The Streak Compares With The Market
The market explains little of this: the S&P 500 lost 0.4% over the same 6 sessions, including dividends, against Fiserv’s +30.9%. 7 other S&P 500 stocks are currently on winning streaks of 6 days or longer. Over the past three months the stock is up 14.7%, a window that includes the streak; over the other 57 sessions of that window it was down 12.4%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue declined 1.7% over the last twelve months, against a median of 10.0% for S&P 500 Financials stocks; and its operating margin is 19.2%, versus a median of 26.7%. Fiserv does not have positive trailing earnings, so there is no meaningful price-to-earnings multiple to compare. The numbers make the run harder to justify: shrinking revenue and margins below the median. At this price, the stock is asking a lot of the business.
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Momentum Is A Tailwind, Not A Plan
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