Fiserv (NASDAQ:FISV) had its price target hoisted by Robert W. Baird from $112.00 to $122.00 in a research report sent to investors on Monday morning, Briefing.com Automated Import reports. The brokerage currently has an outperform rating on the business services provider’s stock.
FISV has been the subject of several other reports. BidaskClub lowered Fiserv from a buy rating to a hold rating in a report on Wednesday, September 11th. ValuEngine lowered Fiserv from a hold rating to a sell rating in a report on Thursday, September 5th. Wedbush upped their target price on Fiserv from $95.00 to $105.00 and gave the company an outperform rating in a report on Monday, July 15th. Deutsche Bank raised Fiserv from a hold rating to a buy rating and upped their target price for the company from $100.00 to $120.00 in a report on Tuesday, July 30th. Finally, Oppenheimer upped their target price on Fiserv from $97.00 to $105.00 and gave the company an outperform rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $102.32.
NASDAQ:FISV opened at $104.36 on Monday. The firm has a market capitalization of $40.32 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 2.27 and a beta of 0.79. The stock has a 50 day moving average of $105.47 and a 200-day moving average of $92.98. Fiserv has a 52 week low of $68.45 and a 52 week high of $109.92. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 5.40.
Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, analysts predict that Fiserv will post 3.83 EPS for the current fiscal year.
In other news, EVP Christopher M. Foskett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now directly owns 140,248 shares in the company, valued at $14,916,777.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now owns 330,629 shares of the company’s stock, valued at $34,120,912.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,000 shares of company stock valued at $12,121,250. Insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Geode Capital Management LLC lifted its position in Fiserv by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock worth $456,535,000 after purchasing an additional 469,507 shares during the period. SG Americas Securities LLC lifted its position in Fiserv by 177.5% in the first quarter. SG Americas Securities LLC now owns 4,463 shares of the business services provider’s stock worth $394,000 after purchasing an additional 2,855 shares during the period. Cornerstone Advisors Inc. lifted its position in Fiserv by 147.8% in the first quarter. Cornerstone Advisors Inc. now owns 2,245 shares of the business services provider’s stock worth $198,000 after purchasing an additional 1,339 shares during the period. First Allied Advisory Services Inc. acquired a new stake in Fiserv in the first quarter worth approximately $223,000. Finally, Moors & Cabot Inc. lifted its position in Fiserv by 4.9% in the first quarter. Moors & Cabot Inc. now owns 3,490 shares of the business services provider’s stock worth $308,000 after purchasing an additional 164 shares during the period.
Fiserv Company Profile
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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