This is a Scorecard review, revisiting a past LF0 research call against what actually happened.
Ticker: FISV Rating: Sell Published: 2026-10-01 Checkpoint: 2026-11-01 Entry price: $45.38 Latest price: $50.02 as of 2026-10-30 Stock return since entry: +10.2% Signal return: -10.2% Verdict: Incorrect so far
This is the 1-month checkpoint for this call. LF0 publishes monthly Scorecard updates through month 6, using the closest available daily close on or before the checkpoint date.
Read the original LF0 analysis
What I Said
- Rated sell — revenue is softening while margins and leverage remain under pressure.
- Core strength: recurring processing and services revenue was 80% of 2025 revenue.
- Core risk: Q2 2026 revenue was 5.3B, down from 5.5B a year earlier.
- Valuation looks cheap on earnings at 8.7x trailing P/E, but not on momentum.
- I would raise my rating only if revenue reaccelerates and operating margin stay
Peer Comparison
| Company | Return Since Entry |
|---|---|
| FISV (this call) | +10.2% |
| FITB | +6.9% |
| JPM | +1.7% |
| MA | +16.2% |
| PYPL | +7.4% |
| USB | +3.6% |
How Other Analysts Rate It
Every Wall Street rating action logged on Yahoo Finance since our Sell on 2026-10-01, one row per action (a firm that updates three times appears three times). LF0 rows are in bold.
| Date | Firm | Rating | Action | Price target |
|---|---|---|---|---|
| 2026-10-01 | LF0 Equity Research | Sell | Original call at $45.38 | |
| 2026-10-08 | Oppenheimer | Perform | Outperform to Perform (downgrade) | n/a |
| 2026-10-09 | Barclays | Equal-Weight | Reiterated | $50.00 (from $52.00) |
| 2026-10-09 | TD Cowen | Hold | Reiterated | $49.00 (from $55.00) |
| 2026-10-16 | Cantor Fitzgerald | Neutral | Reiterated | $48.00 (from $53.00) |
| 2026-10-16 | Citigroup | Neutral | Reiterated | $53.00 (from $57.00) |
| 2026-10-23 | Truist Securities | Hold | Reiterated | $51.00 (from $53.00) |
| 2026-10-27 | BMO Capital | Market Perform | Reiterated | $48.00 (from $50.00) |
| 2026-11-01 | LF0 Equity Research | Sell | 1-month update (this report) |
Since our Sell on 2026-10-01, 1 rating change were logged by Yahoo Finance: 1 moved toward our view (Oppenheimer (Outperform to Perform, 2026-10-08)). The Street has largely drifted toward our call.
A Hold is not always neutral. These firms moved to Hold from the opposite side of our call, a bearish shift: Oppenheimer (Outperform to Perform, 2026-10-08).
Counting each firm’s latest action in this window: 0 bullish, 7 neutral, 0 bearish out of 7 firms.
Source: Yahoo Finance analyst rating actions. Dates are when Yahoo logged the action. Analyst ratings are third-party opinions, not LF0 views or recommendations.
Why It’s Working (Or Not)
Entry $45.38, latest $50.02, stock return +10.2%. Verdict: Incorrect so far.
The October 2026 Cohort
Other directional calls published the same month:
| Ticker | Rating | Entry | Latest | Stock Return | Signal Return | Verdict |
|---|---|---|---|---|---|---|
| ENPH | Strong Sell | n/a | $25.65 | n/a | n/a | Pending |
| GFI | Buy | $35.69 | $32.92 | -7.8% | -7.8% | Incorrect so far |
| CRSP | Strong Sell | $49.01 | $51.42 | +4.9% | -7.4% | Incorrect so far |
| TLN | Sell | $331.87 | $343.12 | +3.4% | -3.4% | Incorrect so far |
| VKTX | Strong Sell | $26.86 | $27.28 | +1.6% | -2.3% | Incorrect so far |
| LUNR | Strong Sell | $10.52 | $10.67 | +1.4% | -2.1% | Incorrect so far |
| TPL | Strong Sell | $330.43 | $331.68 | +0.4% | -0.6% | Incorrect so far |
| STRC | Strong Sell | $98.92 | $99.13 | +0.2% | -0.3% | Incorrect so far |
| SM | Buy | $40.38 | $40.38 | +0.0% | +0.0% | Incorrect so far |
| EVH | Strong Sell | $4.42 | $4.30 | -2.7% | +4.1% | Correct so far |
| USAR | Strong Sell | $10.09 | $9.62 | -4.7% | +7.0% | Correct so far |
| CCJ | Sell | $87.12 | $76.91 | -11.7% | +11.7% | Correct so far |
| JOBY | Sell | $5.78 | $4.90 | -15.2% | +15.2% | Correct so far |
| LUMN | Strong Sell | $5.56 | $4.88 | -12.2% | +18.3% | Correct so far |
| WULF | Strong Sell | $13.37 | $11.73 | -12.3% | +18.4% | Correct so far |
| UMAC | Strong Sell | $17.73 | $15.53 | -12.4% | +18.6% | Correct so far |
| MSTR | Sell | $160.50 | $130.51 | -18.7% | +18.7% | Correct so far |
| FIX | Sell | $1,741.36 | $1,232.66 | -29.2% | +29.2% | Correct so far |
| NVTS | Sell | $12.34 | $8.48 | -31.3% | +31.3% | Correct so far |
| SMTC | Strong Sell | $172.78 | $127.38 | -26.3% | +39.4% | Correct so far |
| INOD | Strong Sell | $59.91 | $43.81 | -26.9% | +40.3% | Correct so far |
Sector Scorecard: Unclassified
How are our Unclassified calls doing overall, and where does FISV sit among them?
| Peer call | Rating | Published | Signal return |
|---|---|---|---|
| NXE | Sell | 2026-08-28 | +20.5% |
Among sectors with at least 3 directional calls, Industrials has done best, with an average signal return of +23.8% across 14 calls and a 79% hit rate. Healthcare has done worst, at +4.2% across 10 calls and a 60% hit rate. Unclassified, the sector of this call, stands at +5.1% across 2 calls (a thin sample). Samples are small and sector gaps can reverse quickly, so we read this as a scoreboard, not a forecast.
Sector League Table
| Sector | Calls | Hit rate | Avg signal return | Best | Worst |
|---|---|---|---|---|---|
| Industrials | 14 | 79% | +23.8% | BW +76.0% | CAR -7.9% |
| Financial Services | 4 | 75% | +21.6% | MARA +42.0% | BMNR -13.8% |
| Technology | 24 | 88% | +18.7% | CIFR +66.6% | NLST -159.0% |
| Utilities | 3 | 33% | +18.3% | FLNC +60.3% | TLN -3.4% |
| Communication Services | 5 | 100% | +15.9% | SPHR +25.9% | CHTR +5.2% |
| Consumer Cyclical | 3 | 100% | +14.4% | OI +24.6% | RRGB +4.2% |
| Basic Materials | 4 | 75% | +13.2% | LAR +39.1% | GFI -7.8% |
| Energy | 6 | 50% | +4.2% | TPL +19.1% | VNOM -14.4% |
| Healthcare | 10 | 60% | +4.2% | STXS +38.1% | SDGR -56.0% |
| Real Estate* | 2 | 50% | +13.9% | SRG +33.4% | SKYH -5.5% |
| Unclassified* | 2 | 50% | +5.1% | NXE +20.5% | FISV -10.2% |
\* Fewer than 3 calls: not ranked.
Sector by Publish Month
| Sector | Jun 2026 | Jul 2026 | Aug 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|---|
| Technology | +47.4% (2) | -1.1% (7) | +21.9% (3) | +24.6% (6) | +24.7% (6) |
| Industrials | +76.0% (1) | +36.2% (5) | +6.0% (2) | +7.6% (3) | +14.1% (3) |
| Healthcare | -5.1% (1) | — | +6.0% (5) | +22.6% (1) | -1.9% (3) |
| Energy | — | +19.1% (1) | -14.4% (1) | +9.5% (1) | +3.7% (3) |
| Communication Services | — | +23.2% (1) | +16.5% (2) | +5.2% (1) | +18.3% (1) |
| Financial Services | — | +22.6% (3) | — | — | +18.4% (1) |
| Basic Materials | — | +14.6% (1) | — | +39.1% (1) | -0.4% (2) |
| Utilities | — | +60.3% (1) | -2.0% (1) | — | -3.4% (1) |
| Consumer Cyclical | — | — | +14.4% (3) | — | — |
| Unclassified | — | — | +20.5% (1) | — | -10.2% (1) |
| Real Estate | -5.5% (1) | — | +33.4% (1) | — | — |
Each cell: average signal return to date of the calls published that month (calls in brackets). Signal return is direction-adjusted, so a positive number means our call is right.
Live LF0 scorecard: The Scorecard | Research Performance dashboard
Past performance does not guarantee future results. Nothing here is investment advice or a recommendation to buy or sell securities. Returns use LF0’s daily-close scorecard methodology.
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