Fiserv Inc (FISV) Hits New 1-Year High at $111.41
Fiserv Inc (NASDAQ:FISV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $111.41 and last traded at $110.07, with a volume of 362,832 shares traded. The stock had previously closed at $110.30.
A number of equities analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating on shares of Fiserv in a report on Friday, May 6th. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC upped their target price on Fiserv from $93.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, July 7th. Sterne Agee CRT reiterated a “buy” rating on shares of Fiserv in a research report on Monday, May 16th. Finally, Argus upgraded Fiserv from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Monday, May 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $100.80.
The stock has a 50-day moving average of $106.11 and a 200 day moving average of $99.26. The stock has a market cap of $24.47 billion and a price-to-earnings ratio of 31.31.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.04. During the same quarter in the previous year, the business earned $0.89 EPS. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Fiserv Inc will post $4.43 EPS for the current year.
In other news, insider Rahul Gupta sold 28,603 shares of Fiserv stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $105.01, for a total value of $3,003,601.03. Following the transaction, the insider now owns 95,798 shares in the company, valued at $10,059,747.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $99.90, for a total value of $1,198,800.00. Following the completion of the transaction, the chief executive officer now owns 380,994 shares in the company, valued at approximately $38,061,300.60. The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently added to or reduced their stakes in FISV. Argent Trust Co increased its position in 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 in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Fiserv during the fourth quarter worth about $1,144,000. Victory Capital Management Inc. increased its position 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 worth $1,216,000 after buying an additional 3,317 shares in the last quarter. Korea Investment CORP acquired a new position in shares of Fiserv during the fourth quarter worth about $1,280,000. Finally, Bradley Foster & Sargent Inc. CT increased its position in shares of Fiserv by 3.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 15,240 shares of the company’s stock worth $1,394,000 after buying an additional 495 shares in the last quarter.
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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