Equities research analysts at Rosenblatt Securities initiated coverage on shares of Fiserv (NASDAQ:FISV) in a research report issued to clients and investors on Thursday, BenzingaRatingsTable reports. The brokerage set a “neutral” rating and a $98.00 price target on the business services provider’s stock. Rosenblatt Securities’ target price points to a potential upside of 0.32% from the company’s previous close.
FISV has been the topic of several other research reports. Citigroup boosted their target price on shares of Fiserv from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $116.00 target price on the stock in a research report on Wednesday, March 18th. Oppenheimer reissued a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Fiserv in a research report on Tuesday, February 4th. Morgan Stanley assumed coverage on shares of Fiserv in a research report on Monday, December 16th. They set an “equal weight” rating and a $121.00 target price on the stock. Finally, KeyCorp dropped their target price on shares of Fiserv from $145.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $121.99.
NASDAQ FISV opened at $97.69 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.62. The firm has a market cap of $61.93 billion, a PE ratio of 53.97, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. The company has a 50 day moving average price of $108.20 and a 200 day moving average price of $110.79. Fiserv has a 52 week low of $73.50 and a 52 week high of $125.05.
In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $123.20, for a total value of $3,080,000.00. Following the sale, the chief executive officer now directly owns 398,233 shares of the company’s stock, valued at approximately $49,062,305.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in Fiserv during the third quarter worth $11,438,995,000. State Street Corp boosted its holdings in Fiserv by 44.0% during the third quarter. State Street Corp now owns 23,673,283 shares of the business services provider’s stock worth $2,452,315,000 after buying an additional 7,234,231 shares in the last quarter. Norges Bank purchased a new stake in Fiserv during the fourth quarter worth $577,518,000. Capital World Investors boosted its holdings in Fiserv by 24.1% during the fourth quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after buying an additional 1,502,688 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in Fiserv by 6,803.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,401,666 shares of the business services provider’s stock worth $12,903,000 after buying an additional 1,381,361 shares in the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
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; 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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