Fiserv Inc. (FISV) Trading Down 4.9%
Fiserv Inc. (NASDAQ:FISV) traded down 4.9% on Wednesday . The stock traded as low as $102.30 and last traded at $104.03, with a volume of 1,876,862 shares changing hands. The stock had previously closed at $109.41.
Several equities research analysts have weighed in on the stock. Robert W. Baird reissued a “hold” rating on shares of Fiserv in a research report on Monday, May 16th. Barclays PLC upped their price objective on shares of Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Wednesday. Argus upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a report on Monday, May 9th. Compass Point began coverage on shares of Fiserv in a report on Friday, April 15th. They issued a “sell” rating and a $85.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a report on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $101.87.
The company’s 50 day moving average is $108.28 and its 200 day moving average is $101.53. The stock has a market cap of $23.22 billion and a P/E ratio of 29.71.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Fiserv Inc. will post $4.43 earnings per share for the current fiscal year.
In other news, Director Daniel P. Kearney sold 11,220 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $105.31, for a total transaction of $1,181,578.20. Following the completion of the sale, the director now directly owns 24,596 shares of the company’s stock, valued at $2,590,204.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Tait sold 25,538 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $105.68, for a total transaction of $2,698,855.84. Following the sale, the insider now directly owns 45,622 shares of the company’s stock, valued at $4,821,332.96. The disclosure for this sale can be found here.
Several hedge funds recently modified their holdings of FISV. Bailard Inc. bought a new stake in shares of Fiserv during the fourth quarter worth about $1,427,000. Advantus Capital Management Inc raised its stake in shares of Fiserv by 0.8% in the fourth quarter. Advantus Capital Management Inc now owns 22,205 shares of the company’s stock worth $2,031,000 after buying an additional 169 shares in the last quarter. Redwood Investments LLC raised its stake in shares of Fiserv by 11.9% in the fourth quarter. Redwood Investments LLC now owns 98,579 shares of the company’s stock worth $9,016,000 after buying an additional 10,458 shares in the last quarter. Morgan Stanley raised its stake in shares of Fiserv by 78.7% in the fourth quarter. Morgan Stanley now owns 743,104 shares of the company’s stock worth $67,964,000 after buying an additional 327,289 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. bought a new stake in shares of Fiserv during the fourth quarter worth about $1,680,000.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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