87.20 0.00 (0.00%)
After hours: 4:43PM EDT
|Bid||86.92 x 1300|
|Ask||92.00 x 900|
|Day's Range||86.37 - 88.89|
|52 Week Range||68.45 - 91.19|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||35.97|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||97.67|
Yabuki said plans to search for a new office in Wisconsin are being put on hold as the company focuses on its $22 billion all-stock acquisition of New York-based First Data Corp.
Another jittery week seems to be upon the markets as news headlines highlight that the U.S.-China trade negotiations may be at an impasse. Trade is not a zero-sum game and tariff tiffs will likely affect many companies, countries, and consumers at different levels. Understandably many investors are beginning to get nervous as to where stocks in their portfolios may be headed next. Therefore, today I'd like to discuss the short and long-term outlook for Square (NYSE:SQ), the mobile-payments company.Source: Via SquareFintech is an evolving and growing industry. And the global economy is gradually shifting from cash to cash-less payments. With its strong small business focus and proactive management, Square stock is likely to weather the long-term ebbs and flows of the industry. However, there might be further weakness in the SQ stock price -- after losing 9.2% in the past month -- in the near-term that potential investors should anticipate. Square's Growing EcosystemAlthough it started as a payments company, Square has in recent quarters introduced a range of software, hardware and apps to service small businesses, individual clients and act more like a traditional bank. Its most recent earnings report released on May 1 and accompanying shareholder letter provide a good overview of the growth in service offerings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSquare's ecosystem combines software with hardware to especially enable sellers to turn their mobile devices into point-of-sale (POS) solutions. In other words, through various growth initiatives, SQ management is now aiming to make the company a major player in the fintech apps sphere as well as a small business platform that offers a wide range of services.For example, SQ's peer-to-peer mobile payments Cash App has more than 15 million monthly active customers. Square charges 2.75% per transaction to businesses that accept Cash App payments. It also makes money through individuals using the app. * 6 Chinese Stocks That Could Pop On a Trade Deal Management would like to see the Cash App become more like a traditional bank whose core customers are small businesses as well as individuals. As the younger generations especially are making a drastic shift to using electronic payments, Square would like to capture that growth.In October 2018, the group announced Square Installments, which lets customers pay in monthly installments. Previously, Square had also launched Square Capital, which provides short-term loans to small businesses that use its service to process credit card payments.Clearly, Square is expanding its services and merchant ecosystem across different channels and many growth investors are bullish long term on Square stock. However, they would need to pay special attention to how each business that Square is now chasing contributes to the bottom line.While Square currently enjoys a head start in serving small businesses, Wall Street has some questions as to whether the group can maintain a sustained growth quarter after quarter. What Could Derail Square Stock Fundamentally?The global payments industry is a $100 trillion plus market. And the fintech apps revolution is fast changing the way traditional banks, credit card issuers and mobile-payments companies work with businesses as well as retail customers.Such a big industry inevitably attracts both domestic and global competition. Square faces competition from many well-capitalized companies, including the global online payments group PayPal Holdings (NASDAQ:PYPL), transaction processing leader Visa (NYSE:V) and Fiserv (NASDAQ:FISV), which is shaping up to become a global payments giant.To be sure, not every area Square expands into will necessarily translate into easy money. Unless Square increases its revenue base, Wall Street may not be too forgiving about the SQ stock price. Therefore, from a valuation point of view, I'd urge long-term investors to exercise caution with the current price levels.For example, many analysts are expressing doubts over Square's expansion into the loan business and questioning whether the company is taking on too much risk.Another are of potential concern would be declining growth in transaction fees, which still provide the majority of revenues. Square's shifts toward subscription and services revenues may not be enough to make up for the decline in transaction fees.The May 1 earnings report showed that the group's gross payment volume (GPV) grew to $22.6 billion, at a relatively modest rate 27%. Yet Wall Street was concerned about this growth rate.In other words, shareholders would need to decide whether the company has potentially diversified way too much and away from its core business of payment processing. Therefore, they'd need to regularly re-assess their views based on company and sector developments as well as earnings statements. Where is Square Stock Price Now?Let us briefly remember how SQ stock price has acted over the years.Following its initial public offering (IPO) in late 2015, the price of SQ stock surged from $9 to an all-time high of $101.15 in October 2018 as the company became a darling among long-term investors.With such high return on initial investments, many investors look at the future through rose-colored glasses as they tend to assume growth rates will accelerate for many years. That's how recent IPOs usually become momentum stocks. However, if growth decelerates, then the stock price usually suffers. In other words, a momentum stock like Square trades in line with revenue growth trends and expectations.Despite the euphoria in the first three years, SQ stock price has been exhibiting price weakness since all-time high on Oct. 1, 2018. This year, although the stock is so far up 16%, April and May have not been good months for shareholders. The weak Q2 guidance issued during the Q1 conference call triggered the recent downtrend.If you are looking for an entry signal to buy SQ shares, from a technical chart perspective, I am not expecting the stock to make a significant leg up any time soon. Square stock will need to stabilize and build a base again before a long-term sustained leg up can occur.And, I do not expect the SQ stock price to reach the $100 level any time soon; the market may be starting to price the stock with a more realistic and fair view.The daily volatility of Square stock is high, giving it a broad trading range, so short-term traders should proceed with caution. Expect nearer-term trading in SQ to be choppy at best. So Should You Buy SQ Stock in May?I believe the volatility and selling in the markets will continue in May as well as in June. Like many momentum plays, SQ stock is likely to be a battleground between two camps: investors and traders.Depending on news headlines, Square stock may trade sideways for several days, only to continue to pullback toward the low-$60's level, where it is likely to find initial support.If the support around $60 level does not hold, then it may fall further to $50 level, where I'd expect SQ stock to start to stabilize and then trade sideways until the next earnings release, expected in late July. * 7 High-Yield REITs to Buy (Even When the Market Tanks) Indeed, Square stock may become one of the first momentum stocks to test the lows it saw between $49-50 in December 2018, hence making a double bottom in technical charts. Only then the twice-touched low may become a more reliable long-term support level.In other words, I'd not rush to buy Square stock yet. However, I'd get ready to initiate a position as the price declines further, toward $50. I'd also consider buying covered calls in conjunction with going long on SQ shares.If you already own the shares, you might want to stay the course and hold your position. That said, if you are worried about short-term profit taking, then within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3-5% below the current price point, to protect your profits to date. Bottom Line on Square StockStocks suffer during times of uncertainty and the current political and economic fundamentals offer plenty of questions. Therefore, I'd encourage potential new investors to wait for a few weeks until the smoke clears from the markets and until buyers are definitively back in control in Square shares.Until that time, Square is likely to be a one-step forward, two-steps back kind of stock until it reaches low $50's level. On a final note, if the SQ stock price declines further amid a subdued earnings season, the company could very well become a takeover target.As of this writing, the Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Hot Fintech Market Has Investors Eyeing Rebound in Depressed Square Stock appeared first on InvestorPlace.
Looking for fresh investing inspiration? Look no further. Hedge funds have just revealed their trades for the first quarter of 2019. This means we can see which stocks the ‘Smart Money’ is buying and selling right now. In this case, we used TipRanks algorithms to look at a large set of hedge funds and measure their exposure to each stock trading on the NASDAQ and NYSE. The following five stocks all score very highly on this basis. What’s more, all five stocks also boast the Street’s seal of approval with a ‘Strong Buy’ consensus based on all ratings received over the last three months. Interestingly, it appears that hedge funds are bullish on the market outlook despite fraught relationships between the US and China. “It would appear that the majority of hedge funds do not expect another sharp rise in volatility, and that they have concluded that the correction has run its course,” Nomura strategist Masanari Takada wrote.With this in mind let’s now take a closer look at five ‘Strong Buy’ hedge fund stock picks from 1Q19: Fiserv Inc (FISV – Research Report) Fiserv is a leading US provider of financial services technology. Year-to-date this is a stock that has performed strongly, with shares surging 19%. And according to analysts, the company is primed to continue outperforming. Indeed Fiserv has just announced a $22 billion acquisition of First Data Corp (FDC)- creating an impressive payments and fintech behemoth. The pending all-stock merger is expected to close in the second half of the year. First Data secures and processes more than 3,000 transactions per second and $2.4 trillion per year. Oppenheimer’s Glenn Greene is the 4 analyst on TipRanks out of over 5,000 tracked analysts. He is bullish on FISV stock, reiterating his buy rating after the deal was announced, and after Fiserv reported solid 1Q earnings results. “We remain attracted to FISV’s business model and long-term prospects and are highly enthusiastic about FISV’s pending merger with FDC, which should generate significant (>$1.4B) revenue/cost synergies, and related EPS accretion, over the next five years. Trading at 19x our FY20E pro forma EPS estimate including FDC, shares appear attractive” the analyst explained.View FISV Price Target & Analyst Ratings Detail Twilio Inc (TWLO – Research Report) Cloud communications platform Twilio also boasts notably positive hedge fund sentiment. Twilio allows software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.Luckily for hedge funds, shares have exploded by 54% year-to-date and 11% in the last five days alone. According to five-star Oppenheimer analyst Ittai Kidron, Twilio still has room to run given its ‘elongated high-growth trajectory.’ He has just carried out a deep-dive analysis of Twilio following the SendGrid merger, writing “our analysis yet again leaves us bullish and illustrates the upside left in the model, especially in 2H19/2020.”This is a company that benefits from the rapid adoption of application-to-person (A2P) communication; 2) a large and growing market as communication options expand (voice, SMS, video, etc.); and 3) a successful developer-focused sales model. “Overall, we believe these elements will enable Twilio to continue to experience strong revenue growth for the foreseeable future and drive upside to consensus expectations” concludes the analyst. View TWLO Price Target & Analyst Ratings Detail Sea Limited (SE – Research Report) If you haven’t head of Sea Limited before, this is a major Southeast Asia Internet company operating three popular online platforms. These focus on digital entertainment (Garena, gaming), eCommerce (Shopee, a third-party marketplace), and digital financial services (AirPay, e-wallet services). “Sea operates an established, profitable asset with its Garena segment that should help fund investments in its developing businesses (Shopee, AirPay) as they scale and gain market share” cheers Top 50 Stifel Nicolaus analyst Scott Devitt. He has a buy rating on SE with a $32 price target (24% upside potential).Devitt is confident going into the print later today, thanks to checks that indicate strong momentum for SE’s Free Fire video game. “While Free Fire’s user base is mobile-only and skews heavily to emerging markets, we continue to view the monetization potential as attractive” writes the analyst. Net-net: “With leverage to strong emerging growth markets and leading market positions, we recommend Sea as an investment idea.”He isn’t the only one. This is a stock with four back-to-back buy ratings from the Street:View SE Price Target & Analyst Ratings Detail Haemonetics Corp (HAE – Research Report) Haemonetics is a global provider of blood and plasma supplies. Its NexSys PC system is designed to enable organizations to collect more plasma with every donation. Shares are trading up 20% in the last month after a solid earnings beat in terms of profitability. What’s more, management provided strong financial guidance for FY/20, particularly in terms of non-GAAP EPS and cash flows.“We continue to view HAE as one of the best ideas in our coverage universe” enthuses Barrington Research’s Michael Petusky. He has just reiterated his HAE buy rating with a $116 price target (16% upside potential). “We continue to be very optimistic in terms of HAE’s key growth drivers (plasma and hospital) and remain quite bullish regarding the company’s ability to execute against its complexity reduction initiative goals. If the company was able to land any additional and sizable agreements connected to its NexSys PCS conversion activities, material additional upside to our estimates would be likely” explains Petusky. Meanwhile Raymond James’ Lawrence Keusch has just upgraded HAE from hold to buy, citing “a path towards 21% EPS growth over the next two years.”View HAE Price Target & Analyst Ratings Detail Regency Centers Corp (REG – Research Report) Last but not least comes Regency Centers. This Florida-based real estate investment trust (REIT) is one of the largest operators of grocery-anchored shopping centers. It is also one of RBC Capital’s favorite stock picks. “REG remains our top idea for retail despite noise from starting larger redevelopments” states the firm’s Wes Golladay. This top-ranked analyst recently reiterated his bullish call on REG with a $72 price target.“We believe Regency Centers remains well positioned for above-average long-term FFO/growth. The centers remain well leased, which should lead to optimal merchandising of centers and favorable pricing power on the organic front” writes the analyst. What’s more the company’s development platform should provide an additional layer of growth, and cash flow. That’s with a balance sheet that positions REG to be opportunistic should there be increased dislocation in retail real estate. “Regency has one of the best development platforms, in our opinion, which should lead to above-average development activity vs. the peer group” writes Golladay. View REG Price Target & Analyst Ratings Detail Find your own ‘Strong Buy’ stocksHere we covered hedge funds' top stock picks. Hedge fund sentiment is just one datapoint covered in the TipRanks' Smart Score. This new feature brings together all of TipRanks' unique insights- from hedge funds to insiders to bloggers- to give stocks a score out of 10. You can find 'Strong Buy' stocks with a 'perfect' score of 10 here.
NEW YORK , May 20, 2019 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim ...
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, today announced that Allegacy Federal Credit Union, a $1.43 billion in assets credit union based in Winston-Salem, North Carolina, will advance its member and business services capabilities and prepare for the next stage of its growth by enhancing its core platform with an integrated suite of solutions from Fiserv.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, has been named to the 65th annual FORTUNE® 500, the magazine’s prestigious revenue-based ranking of businesses in the United States. This marks the fourth consecutive year Fiserv has been recognized. The ranking reflects the company’s continued growth fueled by a commitment to delivering superior value for clients through leading technology, targeted innovation and a focus on excellence.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, will hold the 2019 Annual Meeting of Shareholders at the company’s headquarters in Brookfield, Wis. on Wednesday, May 22, 2019 at 10 a.m. CT. Fiserv, Inc. (FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For 35 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization.
Executives at the lender have only weeks left to tell First Data Corp. whether they want to wind down a decade-old joint venture scheduled to renew automatically in mid-2020, according to an April regulatory filing. The U.S. payments business is at a crossroads, with a new generation of ventures from Silicon Valley and China looking to muscle into an industry that collects $90 billion every year from merchants. “If I’m a large bank, I’m trying to figure out how can I strategically use my relationships with merchants to cross-sell them other services and also strengthen the stickiness of my relationship,” Harshita Rawat, an analyst at Sanford C. Bernstein, said in a telephone interview.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companies perform well in the years after insiders buy shares. On the other h...
Fiserv Inc NASDAQ/NGS:FISVView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is moderate Bearish sentimentShort interest | NegativeShort interest is moderately high for FISV with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FISV totaled $3.91 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. FISV credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, today announced that Hughes Federal Credit Union (Hughes) will enhance its digital capabilities with technology from Fiserv. The credit union will utilize Architect™ from Fiserv as a foundation for a range of online, mobile and payments services, delivering a seamless digital experience to members.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced today that Carpathia Credit Union, based in Winnipeg, Manitoba, along with Estonian Credit Union and PARAMA Credit Union, both based in Toronto, have selected Fiserv to help modernize their operations and enable them to serve members more effectively in an increasingly digital banking environment. All three credit unions have deep roots in their communities and were seeking a contemporary technology platform to automate and streamline operations, simplify the creation of new products, and activate a full range of integrated digital services for their members.
Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, today announced that a payment scheme in the Middle East and a universal bank in Iceland have chosen Fiserv technology to streamline anti-money laundering (AML) processes and effectively manage fraud risk. Mercury Payment Services and Arion Bank were seeking a provider with proven expertise and join more than 1,200 organizations worldwide that rely on AML Risk Manager from Fiserv.
During an earnings call with analysts on Tuesday, Fiserv CEO and president Jeff Yabucki was asked his opinion on how the FIS/Worldpay deal is impacting the competitive landscape.
Fiserv Inc (NASDAQ: FISV ) reported higher-than-expected first-quarter results Tuesday, with healthy internal revenue growth. The investor focus is likely to remain on the merger with First Data Corporation ...
Fiserv (FISV) first-quarter 2019 earnings benefit from higher revenue growth, improved adjusted operating margin and to some extent from lower taxes.
Fiserv said it continues to expect internal revenue growth in a range of 4.5% to 5% for 2019 and adjusted earnings per share in a range of $3.39 to $3.52, an uptick of 10% to 14% percent relative to the previous period
The Brookfield, Wisconsin-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share. The results surpassed Wall Street expectations. ...
Investing.com - Fiserv (NASDAQ:FISV) reported first quarter earnings that Beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
A focus on API-enabled integration, responsive design and the delivery of a unified user experience have earned Fiserv, Inc. (FISV) the “best-in-class” ranking among U.S. core banking system providers in a recent report from global research and advisory firm Aite Group. Fiserv is the only provider to achieve the best-in-class status this year. “Success in today’s market means solutions have to be real-time, secure, efficient, and always up,” said Christine Barry, research director, Wholesale Banking, Aite Group.