Vetr cut shares of Fiserv Inc (NASDAQ:FISV) from a buy rating to a hold rating in a research note published on Thursday morning. Vetr currently has $121.50 target price on the business services provider’s stock.
A number of other brokerages also recently commented on FISV. Cantor Fitzgerald increased their price target on Fiserv from $100.00 to $107.00 and gave the company a neutral rating in a report on Thursday, February 9th. Zacks Investment Research downgraded Fiserv from a buy rating to a hold rating in a report on Tuesday. Jefferies Group LLC reissued a buy rating and issued a $127.00 price target on shares of Fiserv in a report on Thursday, February 9th. Guggenheim started coverage on Fiserv in a report on Friday, March 31st. They issued a neutral rating and a $118.00 price target for the company. Finally, Monness Crespi & Hardt increased their price target on Fiserv from $118.00 to $128.00 and gave the company a buy rating in a report on Monday, April 3rd. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Fiserv presently has an average rating of Hold and an average target price of $113.37.
Shares of Fiserv (NASDAQ:FISV) traded up 0.48% during mid-day trading on Thursday, hitting $118.36. The company had a trading volume of 634,746 shares. Fiserv has a 12 month low of $92.81 and a 12 month high of $118.56. The firm has a 50-day moving average of $116.44 and a 200-day moving average of $108.26. The company has a market cap of $25.40 billion, a PE ratio of 28.52 and a beta of 0.80.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 8th. The business services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. Fiserv’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, analysts expect that Fiserv will post $5.11 EPS for the current year.
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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $117.27, for a total transaction of $1,993,590.00. Following the transaction, the insider now owns 354,151 shares of the company’s stock, valued at approximately $41,531,287.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lynn S. Mccreary sold 4,309 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $117.02, for a total value of $504,239.18. Following the transaction, the insider now directly owns 20,793 shares in the company, valued at approximately $2,433,196.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,309 shares of company stock worth $8,231,609. 1.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perennial Advisors LLC purchased a new stake in Fiserv during the fourth quarter worth $4,078,000. BB&T Securities LLC raised its stake in Fiserv by 2.0% in the third quarter. BB&T Securities LLC now owns 35,605 shares of the business services provider’s stock worth $3,541,000 after buying an additional 706 shares during the period. BOKF NA raised its stake in Fiserv by 1.6% in the third quarter. BOKF NA now owns 63,811 shares of the business services provider’s stock worth $6,347,000 after buying an additional 999 shares during the period. Keybank National Association OH raised its stake in Fiserv by 48.9% in the fourth quarter. Keybank National Association OH now owns 22,738 shares of the business services provider’s stock worth $2,417,000 after buying an additional 7,470 shares during the period. Finally, Mitchell Capital Management Co. purchased a new stake in Fiserv during the third quarter worth $5,345,000. 86.46% of the stock is currently owned by institutional investors.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
To view Vetr’s full report, visit Vetr’s official website.
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