Fiserv, Inc. (FISV) Receives Average Rating of “Hold” from Analysts
Fiserv, Inc. (NASDAQ:FISV) has been given an average rating of “Hold” by the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $127.63.
FISV has been the topic of a number of research reports. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $128.00 target price (up previously from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Credit Suisse Group boosted their target price on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 2nd. Finally, Guggenheim raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th.
In other news, Director Kim M. Robak sold 6,124 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total value of $762,682.96. Following the sale, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $122.02, for a total transaction of $2,074,340.00. Following the transaction, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders sold a total of 57,124 shares of company stock worth $7,133,943 in the last 90 days. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of FISV. Janus Henderson Group PLC lifted its position in Fiserv by 267.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after buying an additional 1,360,102 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in Fiserv by 23.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after buying an additional 1,020,121 shares in the last quarter. Voya Investment Management LLC lifted its position in Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after buying an additional 896,418 shares in the last quarter. BlackRock Inc. lifted its position in Fiserv by 3.7% during the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after buying an additional 528,274 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Fiserv by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after buying an additional 518,262 shares in the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
Fiserv (FISV) opened at $128.00 on Friday. Fiserv has a 52-week low of $99.19 and a 52-week high of $130.20. The company has a market cap of $26,675.07, a P/E ratio of 26.28, a PEG ratio of 2.19 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. sell-side analysts forecast that Fiserv will post 5.08 EPS for the current year.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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