A number of other analysts 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. Jefferies Group lifted their price target on Fiserv from $119.00 to $121.00 and gave the company a buy rating in a research note on Thursday, August 4th. Barclays PLC lifted their price target on Fiserv from $100.00 to $104.00 and gave the company an equal weight rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG restated a hold rating and issued a $101.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd. Finally, Deutsche Bank AG lifted their price target on Fiserv from $95.00 to $101.00 and gave the company a hold rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $105.71.
Shares of Fiserv (NASDAQ:FISV) opened at 100.54 on Thursday. The firm has a 50-day moving average price of $101.27 and a 200 day moving average price of $103.67. Fiserv has a one year low of $85.63 and a one year high of $111.51. The stock has a market capitalization of $22.10 billion, a PE ratio of 25.52 and a beta of 0.91.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.95 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Fiserv will post $4.44 EPS for the current fiscal year.
In related news, insider Rahul Gupta sold 15,225 shares of the company’s 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 completion of the transaction, the insider now directly owns 66,129 shares in the company, valued at $6,680,351.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total value of $1,329,600.00. Following the completion of the transaction, the insider now owns 344,994 shares of the company’s stock, valued at $38,225,335.20. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in FISV. Tower Research Capital LLC TRC raised its position in Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock valued at $120,000 after buying an additional 947 shares during the last quarter. Global X Management Co. LLC increased its stake in Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock worth $127,000 after buying an additional 577 shares during the period. Financial Architects Inc increased its stake in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock worth $139,000 after buying an additional 1,158 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in Fiserv during the first quarter worth about $141,000. Finally, Ropes Wealth Advisors LLC increased its stake in Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock worth $153,000 after buying an additional 1,158 shares during the period. 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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