Fiserv (NASDAQ:FISV) Upgraded at BidaskClub

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BidaskClub upgraded shares of Fiserv (NASDAQ:FISV) from a hold rating to a buy rating in a research report sent to investors on Saturday, BidAskClub reports.

FISV has been the topic of a number of other research reports. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the stock a buy rating in a research report on Friday, July 26th. Raymond James began coverage on shares of Fiserv in a research report on Friday, June 21st. They set an outperform rating and a $103.00 target price on the stock. Zacks Investment Research lowered shares of Fiserv from a buy rating to a hold rating in a research report on Thursday, May 2nd. Moffett Nathanson began coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a buy rating and a $108.00 target price on the stock. Finally, Oppenheimer raised their target price on shares of Fiserv from $97.00 to $105.00 and gave the stock an outperform rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $97.75.

Shares of NASDAQ FISV opened at $100.45 on Friday. Fiserv has a 1 year low of $68.45 and a 1 year high of $107.06. The stock’s 50 day moving average price is $95.42. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 2.31 and a beta of 0.80. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $0.75 earnings per share. Fiserv’s revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Fiserv will post 3.76 EPS for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $85.49, for a total transaction of $1,709,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the transaction, the insider now owns 371,429 shares in the company, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,000 shares of company stock worth $7,621,300. 1.40% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of FISV. Bremer Bank National Association acquired a new position in shares of Fiserv during the 1st quarter valued at $25,000. Advantage Investment Management LLC lifted its holdings in shares of Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 187 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 314 shares in the last quarter. Oakworth Capital Inc. acquired a new position in shares of Fiserv during the 2nd quarter valued at $36,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Fiserv by 74.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 87.39% of the company’s stock.

About Fiserv

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; Internet and 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.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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