Fiserv’s (FISV) “Hold” Rating Reiterated at Cowen and Company

Cowen and Company reissued their hold rating on shares of Fiserv, Inc. (NASDAQ:FISV) in a report published on Thursday. They currently have a $115.00 price objective on the business services provider’s stock.

FISV has been the subject of a number of other reports. Guggenheim raised Fiserv from a neutral rating to a buy rating and raised their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub downgraded Fiserv from a strong-buy rating to a buy rating in a research report on Wednesday, July 5th. Robert W. Baird reissued a buy rating and issued a $136.00 target price on shares of Fiserv in a research report on Friday, September 8th. Zacks Investment Research downgraded Fiserv from a hold rating to a sell rating in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $127.77.

Fiserv (NASDAQ FISV) traded down 0.07% during mid-day trading on Thursday, reaching $127.08. The company had a trading volume of 702,777 shares. The stock has a 50-day moving average of $125.65 and a 200 day moving average of $122.84. Fiserv has a 12-month low of $92.81 and a 12-month high of $129.81. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 31.07 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Fiserv will post $5.10 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Fiserv’s (FISV) “Hold” Rating Reiterated at Cowen and Company” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/15/fiservs-fisv-hold-rating-reiterated-at-cowen-and-company.html.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares in the company, valued at $36,060,749.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,124 shares of company stock valued at $7,113,543. 1.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FISV. BlackRock Inc. boosted its stake in Fiserv by 2,669.4% during the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares during the period. Janus Henderson Group PLC boosted its stake in Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares during the period. Voya Investment Management LLC boosted its stake in Fiserv by 116.6% during the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares during the period. Vanguard Group Inc. boosted its stake in Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Fiserv by 232.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after buying an

FISV has been the subject of a number of other reports. Guggenheim raised Fiserv from a neutral rating to a buy rating and raised their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. BidaskClub downgraded Fiserv from a strong-buy rating to a buy rating in a research report on Wednesday, July 5th. Robert W. Baird reissued a buy rating and issued a $136.00 target price on shares of Fiserv in a research report on Friday, September 8th. Zacks Investment Research downgraded Fiserv from a hold rating to a sell rating in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $127.77.

Fiserv (NASDAQ FISV) traded down 0.07% during mid-day trading on Thursday, reaching $127.08. The company had a trading volume of 702,777 shares. The stock has a 50-day moving average of $125.65 and a 200 day moving average of $122.84. Fiserv has a 12-month low of $92.81 and a 12-month high of $129.81. The company has a market capitalization of $26.75 billion, a price-to-earnings ratio of 31.07 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts expect that Fiserv will post $5.10 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Fiserv’s (FISV) “Hold” Rating Reiterated at Cowen and Company” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://ledgergazette.com/2017/10/15/fiservs-fisv-hold-rating-reiterated-at-cowen-and-company.html.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total value of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares in the company, valued at $36,060,749.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the completion of the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,124 shares of company stock valued at $7,113,543. 1.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of FISV. BlackRock Inc. boosted its stake in Fiserv by 2,669.4% during the first quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares during the period. Janus Henderson Group PLC boosted its stake in Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares during the period. Voya Investment Management LLC boosted its stake in Fiserv by 116.6% during the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares during the period. Vanguard Group Inc. boosted its stake in Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Fiserv by 232.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after buying an additional 314,674 shares during the period. 87.72% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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