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.

ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.dailypolitical.com/2017/11/12/fiserv-inc-fisv-receives-average-rating-of-hold-from-analysts.html.

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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.