Stephens Reaffirms Hold Rating for Fiserv (FISV)

Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by investment analysts at Stephens in a report issued on Thursday. They presently have a $73.00 price objective on the business services provider’s stock. Stephens’ price target indicates a potential upside of 4.52% from the stock’s previous close.

Several other brokerages have also recently issued reports on FISV. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a report on Tuesday, February 13th. Cowen reaffirmed a “hold” rating and issued a $68.00 target price on shares of Fiserv in a report on Friday, March 23rd. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $63.00 target price on shares of Fiserv in a report on Wednesday, February 7th. Citigroup lifted their target price on Fiserv from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, ValuEngine cut Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, March 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and an average target price of $70.83.

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Shares of FISV stock opened at $69.84 on Thursday. Fiserv has a 12-month low of $57.56 and a 12-month high of $74.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $29,392.03, a PE ratio of 27.28, a PEG ratio of 1.99 and a beta of 0.81.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. analysts predict that Fiserv will post 3.11 EPS for the current year.

In other Fiserv news, Director Denis Oleary sold 12,160 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $142.64, for a total transaction of $1,734,502.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harry Disimone acquired 353 shares of Fiserv stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of $141.59 per share, for a total transaction of $49,981.27. Following the completion of the purchase, the director now directly owns 154 shares of the company’s stock, valued at $21,804.86. The disclosure for this purchase can be found here. Insiders have sold 80,160 shares of company stock worth $8,993,842 over the last three months. 1.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Standard Life Aberdeen plc increased its stake in Fiserv by 1.0% during the fourth quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock worth $6,326,000 after acquiring an additional 475 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Fiserv by 0.9% during the fourth quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock valued at $6,909,000 after buying an additional 485 shares during the period. New Mexico Educational Retirement Board boosted its position in shares of Fiserv by 2.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock valued at $2,656,000 after buying an additional 500 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of Fiserv by 9.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,080 shares of the business services provider’s stock valued at $797,000 after buying an additional 512 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Fiserv by 0.3% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 184,919 shares of the business services provider’s stock valued at $23,848,000 after buying an additional 556 shares during the period. 89.46% of the stock is currently owned by institutional investors.

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Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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