Fiserv (NASDAQ:FISV) Sets New 12-Month High at $107.44

Fiserv Inc (NASDAQ:FISV) shares hit a new 52-week high during trading on Friday . The company traded as high as $107.44 and last traded at $107.27, with a volume of 412657 shares trading hands. The stock had previously closed at $105.49.

A number of brokerages have commented on FISV. Royal Bank of Canada set a $106.00 price objective on Fiserv and gave the company a “buy” rating in a research report on Friday, July 26th. William Blair reiterated an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Wedbush increased their price objective on Fiserv from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Zacks Investment Research lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Moffett Nathanson began coverage on Fiserv in a research report on Tuesday, May 21st. They issued a “buy” rating and a $108.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $97.88.

The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The firm has a market capitalization of $41.71 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.34 and a beta of 0.80. The company has a 50-day moving average price of $98.51 and a 200-day moving average price of $89.64.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities analysts predict that Fiserv Inc will post 3.76 EPS for the current year.

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the transaction, the insider now directly owns 371,429 shares in the company, valued at approximately $33,038,609.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $103.20, for a total value of $2,064,000.00. Following the completion of the transaction, the chairman now owns 330,629 shares in the company, valued at $34,120,912.80. The disclosure for this sale can be found here. Insiders sold a total of 62,000 shares of company stock worth $5,911,500 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of FISV. Bremer Bank National Association acquired a new stake in Fiserv during the 1st quarter worth $25,000. Advantage Investment Management LLC raised its stake in Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock worth $31,000 after buying an additional 187 shares during the period. Wealthcare Advisory Partners LLC raised its stake in Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after buying an additional 314 shares during the period. Oakworth Capital Inc. acquired a new stake in Fiserv during the 2nd quarter worth $36,000. Finally, Parkside Financial Bank & Trust raised its stake in Fiserv by 74.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock worth $41,000 after buying an additional 198 shares during the period. 87.39% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Company Profile (NASDAQ:FISV)

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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