Fiserv Reaches New 52-Week High (FISV)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Fiserv (Nasdaq: FISV) hit a new 52-week high Wednesday as it is currently trading at $88.86, above its previous 52-week high of $88.77 with 120,385 shares traded as of 12:01 p.m. ET. Average volume has been 601,000 shares over the past 30 days.

Fiserv has a market cap of $11.66 billion and is part of the services sector and diversified services industry. Shares are up 10.9% year to date as of the close of trading on Tuesday.

Fiserv, Inc., together with its subsidiaries, provides financial services technology solutions worldwide. The company has a P/E ratio of 20.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Fiserv as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income, reasonable valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Fiserv Ratings Report.

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