Shares of Fiserv (NASDAQ:FISV) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $70.73.
A number of research firms have recently issued reports on FISV. ValuEngine downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. BidaskClub downgraded shares of Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group lowered their price objective on shares of Fiserv from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. Stephens reiterated a “hold” rating and issued a $73.00 price objective on shares of Fiserv in a report on Friday, February 9th. Finally, SunTrust Banks upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th.
In related news, Director Denis Oleary sold 12,160 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $142.64, for a total value of $1,734,502.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Harry Disimone bought 353 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was purchased at an average cost of $141.59 per share, with a total value of $49,981.27. Following the completion of the purchase, the director now directly owns 154 shares of the company’s stock, valued at approximately $21,804.86. The disclosure for this purchase can be found here. Insiders sold 63,160 shares of company stock valued at $8,727,282 over the last three months. 1.80% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in FISV. Element Capital Management LLC bought a new position in Fiserv during the fourth quarter worth $43,081,000. Ninepoint Partners LP bought a new position in Fiserv during the third quarter worth $27,056,000. PGGM Investments bought a new position in Fiserv during the fourth quarter worth $27,026,000. BlackRock Inc. boosted its position in Fiserv by 1.1% during the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock worth $1,973,053,000 after purchasing an additional 166,837 shares during the period. Finally, Sawgrass Asset Management LLC bought a new position in Fiserv during the third quarter worth $17,228,000. 89.46% of the stock is owned by hedge funds and other institutional investors.
Fiserv (NASDAQ:FISV) traded down $73.91 during midday trading on Friday, hitting $73.33. 578,786 shares of the stock were exchanged, compared to its average volume of 2,425,785. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv has a 12 month low of $56.65 and a 12 month high of $74.46. The firm has a market capitalization of $30,668.88, a P/E ratio of 25.39, a PEG ratio of 2.07 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. sell-side analysts predict that Fiserv will post 6.23 earnings per share for the current fiscal year.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.