Fiserv Inc. (FISV) Stock Price Down 4.9%
Fiserv Inc. (NASDAQ:FISV) fell 4.9% during trading 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 research firms recently commented on FISV. Robert W. Baird reiterated a “hold” rating on shares of Fiserv in a research note on Monday, May 16th. Barclays PLC boosted their price objective on shares of Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note 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 research note on Monday, May 9th. Jefferies Group boosted their price objective on shares of Fiserv from $119.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Compass Point began coverage on shares of Fiserv in a research note on Friday, April 15th. They set a “sell” rating and a $85.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $103.27.
The company’s 50 day moving average is $108.24 and its 200-day moving average is $101.58. The firm has a market cap of $23.79 billion and a price-to-earnings ratio of 26.77.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.01. The business earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter 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 related news, Director Daniel P. Kearney sold 11,220 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $105.31, for a total value of $1,181,578.20. Following the sale, the director now owns 24,596 shares of the company’s stock, valued at $2,590,204.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $102.46, for a total transaction of $1,229,520.00. Following the completion of the sale, the chief executive officer now directly owns 373,994 shares in the company, valued at approximately $38,319,425.24. The disclosure for this sale can be found here.
A number of hedge funds have recently modified their holdings of FISV. Argent Trust Co boosted its stake in shares of Fiserv by 17.6% in the third quarter. Argent Trust Co now owns 12,114 shares of the company’s stock valued at $1,049,000 after buying an additional 1,816 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Fiserv during the fourth quarter valued at $1,144,000. Victory Capital Management Inc. boosted its stake in shares of Fiserv by 33.3% in the fourth quarter. Victory Capital Management Inc. now owns 13,290 shares of the company’s stock valued at $1,216,000 after buying an additional 3,317 shares during the period. I.G. Investment Management LTD. boosted its stake in shares of Fiserv by 2.8% in the fourth quarter. I.G. Investment Management LTD. now owns 16,017 shares of the company’s stock valued at $1,465,000 after buying an additional 442 shares during the period. Finally, Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Fiserv during the fourth quarter valued at $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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