Fiserv Inc (NASDAQ:FISV) has earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $141.45.
A number of research analysts have recently issued reports on the company. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Cowen reissued a “hold” rating and issued a $135.00 target price on shares of Fiserv in a report on Thursday, February 8th. BMO Capital Markets boosted their target price on Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a report on Thursday, February 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 target price on shares of Fiserv in a report on Wednesday, February 7th. Finally, Robert W. Baird boosted their target price on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th.
Shares of Fiserv (FISV) traded up $4.08 during midday trading on Tuesday, reaching $146.19. The company’s stock had a trading volume of 1,444,604 shares, compared to its average volume of 1,350,000. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. Fiserv has a one year low of $113.29 and a one year high of $146.26. The stock has a market capitalization of $30,470.00, a PE ratio of 32.93, a P/E/G ratio of 2.04 and a beta of 0.87.
In related news, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denis Oleary sold 12,160 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $142.64, for a total value of $1,734,502.40. The disclosure for this sale can be found here. Insiders have sold 76,599 shares of company stock worth $10,489,845 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Green Square Capital LLC grew its holdings in Fiserv by 148.5% during the fourth quarter. Green Square Capital LLC now owns 6,471 shares of the business services provider’s stock worth $849,000 after acquiring an additional 3,867 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Fiserv by 32.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,811 shares of the business services provider’s stock worth $4,434,000 after acquiring an additional 8,199 shares during the period. Penbrook Management LLC acquired a new position in Fiserv during the fourth quarter worth $811,000. Xact Kapitalforvaltning AB grew its holdings in Fiserv by 5.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 47,612 shares of the business services provider’s stock valued at $6,243,000 after purchasing an additional 2,289 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Fiserv by 6.7% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 79,296 shares of the business services provider’s stock valued at $10,398,000 after purchasing an additional 4,974 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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