Shares of Fiserv Inc (NASDAQ:FISV) have earned an average rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. Nine research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $141.45.
Several research firms recently commented on FISV. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Credit Suisse Group cut their target price on shares of Fiserv from $140.00 to $136.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Cowen reissued a “hold” rating and set a $135.00 target price on shares of Fiserv in a research note on Thursday, February 8th. BMO Capital Markets increased their target price on shares of Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a research note on Thursday, February 8th. Finally, SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, February 9th.
Shares of Fiserv (NASDAQ FISV) opened at $142.72 on Tuesday. Fiserv has a one year low of $110.48 and a one year high of $144.20. The company has a market cap of $29,742.76, a P/E ratio of 24.61, a P/E/G ratio of 1.99 and a beta of 0.87. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79.
Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts predict that Fiserv will post 6.22 EPS for the current year.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $131.18, for a total transaction of $2,230,060.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Insiders have sold 47,439 shares of company stock worth $6,348,653 in the last 90 days. 1.80% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Fiserv by 1.1% in the 4th quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock valued at $1,973,053,000 after buying an additional 166,837 shares during the period. Longview Partners Guernsey LTD increased its stake in Fiserv by 1.1% in the 4th quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock valued at $714,484,000 after buying an additional 57,150 shares during the period. Geode Capital Management LLC increased its stake in Fiserv by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 2,586,516 shares of the business services provider’s stock valued at $338,560,000 after buying an additional 65,324 shares during the period. Bank of New York Mellon Corp increased its stake in Fiserv by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after buying an additional 27,105 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Fiserv by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock valued at $246,234,000 after buying an additional 41,256 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.
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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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