Shares of Fiserv Inc. (NASDAQ:FISV) have earned an average rating of “Hold” from the seventeen brokerages that are currently covering the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $105.15.
FISV has been the subject of a number of analyst reports. Deutsche Bank AG boosted their target price on shares of Fiserv from $95.00 to $101.00 and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Monness Crespi & Hardt upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Tuesday, October 4th. Cantor Fitzgerald began coverage on shares of Fiserv in a research note on Thursday, October 6th. They issued a “hold” rating and a $101.00 price objective for the company. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Fiserv in a research note on Thursday, September 8th.
In related news, insider Jeffery W. Yabuki sold 12,000 shares of the stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $100.46, for a total transaction of $1,205,520.00. Following the completion of the transaction, the insider now directly owns 323,994 shares of the company’s stock, valued at $32,548,437.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock worth $120,000 after buying an additional 947 shares during the period. Global X Management Co. LLC boosted its position in shares of 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 boosted its position in shares of 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. bought a new position in shares of Fiserv during the first quarter worth about $141,000. Finally, Ropes Wealth Advisors LLC boosted its position in shares of 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. 87.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Fiserv (NASDAQ:FISV) opened at 100.06 on Friday. The firm has a market capitalization of $21.99 billion, a PE ratio of 25.40 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’s 50 day moving average price is $100.69 and its 200-day moving average price is $103.57.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm earned $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Equities research analysts anticipate that Fiserv will post $4.44 EPS for the current fiscal year.
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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