Shares of Fiserv, Inc. (NASDAQ:FISV) have earned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $127.05.
Several brokerages have weighed in on FISV. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub cut shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC reissued an “equal weight” rating and set a $123.00 price objective (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Cowen and Company reissued a “hold” rating and set a $115.00 price objective on shares of Fiserv in a research note on Thursday, August 3rd. Finally, Credit Suisse Group boosted their price objective on shares of Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd.
In related news, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now directly owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the sale, the insider now directly owns 269,151 shares of the company’s stock, valued at $32,841,805.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,124 shares of company stock valued at $7,113,543. 1.80% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC purchased a new stake in Fiserv during the 2nd quarter worth $104,000. Parallel Advisors LLC boosted its position in Fiserv by 8.2% during the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares during the period. Acrospire Investment Management LLC purchased a new stake in Fiserv during the 2nd quarter worth $122,000. Trust Co. of Vermont boosted its position in Fiserv by 53.3% during the 2nd quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after purchasing an additional 453 shares during the period. Finally, Morgan Dempsey Capital Management LLC boosted its position in Fiserv by 2.3% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock worth $171,000 after purchasing an additional 33 shares during the period. 87.72% of the stock is owned by hedge funds and other institutional investors.
Fiserv (FISV) opened at 126.23 on Friday. Fiserv has a 12 month low of $92.81 and a 12 month high of $129.35. The stock has a market capitalization of $26.57 billion, a price-to-earnings ratio of 30.90 and a beta of 0.82. The company has a 50-day moving average price of $123.36 and a 200 day moving average price of $121.49.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.04). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. Equities analysts predict that Fiserv will post $5.10 earnings per share for the current year.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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