Fiserv (NASDAQ:FISV) Stock Rating Reaffirmed by Argus

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Argus reaffirmed their buy rating on shares of Fiserv (NASDAQ:FISV) in a research note released on Monday morning, 24/7 WallStreet reports.

FISV has been the topic of a number of other research reports. Wedbush raised their price target on shares of Fiserv from $95.00 to $105.00 and gave the stock an outperform rating in a report on Monday, July 15th. BidaskClub raised shares of Fiserv from a hold rating to a buy rating in a report on Saturday, August 3rd. Susquehanna Bancshares started coverage on shares of Fiserv in a research note on Friday, May 31st. They set a neutral rating and a $95.00 target price on the stock. Royal Bank of Canada set a $106.00 target price on shares of Fiserv and gave the company a buy rating in a research note on Friday, July 26th. Finally, William Blair reaffirmed an outperform rating on shares of Fiserv in a research note on Wednesday, May 1st. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $97.88.

Shares of Fiserv stock opened at $105.49 on Monday. The firm has a market cap of $41.57 billion, a PE ratio of 34.03, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. Fiserv has a 12-month low of $68.45 and a 12-month high of $107.06. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The company’s fifty day simple moving average is $98.20 and its two-hundred day simple moving average is $89.55.

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

In related news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total transaction of $177,900.00. Following the completion of the transaction, the insider now directly owns 371,429 shares of the company’s stock, valued at approximately $33,038,609.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $94.25, for a total transaction of $1,885,000.00. Following the transaction, the insider now directly owns 331,429 shares of the company’s stock, valued at $31,237,183.25. The disclosure for this sale can be found here. Insiders have sold a total of 62,000 shares of company stock worth $5,911,500 in the last ninety days. Insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bremer Bank National Association purchased a new position in Fiserv during the 1st quarter valued at about $25,000. Advantage Investment Management LLC lifted its position in 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 during the period. Wealthcare Advisory Partners LLC lifted its position in 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 during the period. Oakworth Capital Inc. purchased a new position in Fiserv during the 2nd quarter valued at about $36,000. Finally, Parkside Financial Bank & Trust lifted its position in 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 during the period. 87.39% of the stock is owned by institutional investors.

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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