Fiserv (NASDAQ:FISV)’s share price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $72.86 and last traded at $73.46. 1,756,910 shares changed hands during trading, a decline of 28% from the average session volume of 2,447,884 shares. The stock had previously closed at $73.62.
Several brokerages recently issued reports on FISV. SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. ValuEngine downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets lifted their price target on shares of Fiserv from $66.50 to $76.00 and gave the company an “average” rating in a report on Thursday, February 8th. Cantor Fitzgerald restated a “hold” rating and issued a $63.00 price objective on shares of Fiserv in a research report on Wednesday, February 7th. Finally, Cowen restated a “hold” rating and issued a $67.50 price objective on shares of Fiserv in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.37.
The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $30,354.82, a PE ratio of 28.69, a P/E/G ratio of 2.05 and a beta of 0.83.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.70 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company earned $0.58 EPS. Fiserv’s revenue was up 5.9% on a year-over-year basis. equities research analysts predict that Fiserv will post 3.11 earnings per share for the current year.
In other news, Director Denis Oleary sold 12,160 shares of Fiserv stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $142.64, for a total transaction of $1,734,502.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the sale, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,160 shares of company stock valued at $8,993,842. 1.80% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. HBK Sorce Advisory LLC grew its holdings in Fiserv by 32.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,305 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 814 shares during the period. Huntington National Bank grew its holdings in Fiserv by 3.2% during the fourth quarter. Huntington National Bank now owns 226,079 shares of the business services provider’s stock valued at $29,646,000 after purchasing an additional 6,947 shares during the period. Boothbay Fund Management LLC acquired a new position in Fiserv during the third quarter valued at approximately $1,290,000. Eqis Capital Management Inc. lifted its stake in Fiserv by 5.4% in the fourth quarter. Eqis Capital Management Inc. now owns 16,509 shares of the business services provider’s stock valued at $2,165,000 after buying an additional 843 shares in the last quarter. Finally, American National Bank lifted its stake in Fiserv by 2.8% in the fourth quarter. American National Bank now owns 40,843 shares of the business services provider’s stock valued at $5,356,000 after buying an additional 1,115 shares in the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Fiserv (FISV) Stock Price Down 0.2%” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/03/22/fiserv-fisv-stock-price-down-0-2.html.
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.