Fiserv Inc. (NASDAQ:FISV) was upgraded by research analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $115.00 price target on the stock. Monness Crespi & Hardt’s target price points to a potential upside of 15.29% from the stock’s current price.
A number of other research firms also recently weighed in on FISV. Zacks Investment Research downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Barclays PLC upped their price target on Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 7th. Jefferies Group upped their price target on Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $101.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG upped their price target on Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $106.00.
Shares of Fiserv (NASDAQ:FISV) opened at 99.75 on Tuesday. The firm has a market capitalization of $21.93 billion, a PE ratio of 25.32 and a beta of 0.91. Fiserv has a 52-week low of $85.63 and a 52-week high of $111.51. The stock has a 50 day moving average price of $101.63 and a 200-day moving average price of $103.68.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that Fiserv will post $4.44 EPS for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $101.84, for a total transaction of $1,222,080.00. Following the sale, the insider now owns 336,994 shares in the company, valued at $34,319,468.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Rahul Gupta sold 15,225 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now owns 66,129 shares in the company, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Credit Agricole S A increased its stake in Fiserv by 450.1% in the first quarter. Credit Agricole S A now owns 896,321 shares of the company’s stock valued at $91,946,000 after buying an additional 733,391 shares in the last quarter. Franklin Resources Inc. increased its stake in Fiserv by 151.9% in the second quarter. Franklin Resources Inc. now owns 875,458 shares of the company’s stock valued at $95,172,000 after buying an additional 527,935 shares in the last quarter. BlackRock Fund Advisors increased its stake in Fiserv by 7.8% in the second quarter. BlackRock Fund Advisors now owns 4,971,846 shares of the company’s stock valued at $540,589,000 after buying an additional 360,025 shares in the last quarter. Bank of Montreal Can bought a new stake in Fiserv during the second quarter valued at about $36,230,000. Finally, FMR LLC increased its stake in Fiserv by 2.9% in the second quarter. FMR LLC now owns 10,311,669 shares of the company’s stock valued at $1,121,188,000 after buying an additional 295,107 shares in the last quarter. Hedge funds and other institutional investors own 87.25% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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