Credit Suisse Group started coverage on shares of Fiserv (NASDAQ:FISV) in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $133.00 target price on the business services provider’s stock.
Other equities research analysts have also recently issued research reports about the stock. Moffett Nathanson cut shares of Fiserv from a buy rating to a neutral rating in a report on Tuesday, January 7th. Zacks Investment Research upgraded shares of Fiserv from a hold rating to a buy rating and set a $117.00 target price for the company in a report on Monday, November 11th. Bank of America initiated coverage on Fiserv in a research report on Tuesday, December 3rd. They issued a buy rating on the stock. SunTrust Banks upped their price target on Fiserv from $110.00 to $125.00 and gave the stock a buy rating in a research note on Friday, October 18th. Finally, UBS Group assumed coverage on Fiserv in a research report on Monday, October 14th. They set a buy rating and a $120.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of $113.02.
Shares of FISV traded down $1.39 during trading hours on Thursday, reaching $120.84. 1,736,180 shares of the company traded hands, compared to its average volume of 2,764,605. Fiserv has a 12 month low of $81.62 and a 12 month high of $122.93. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average price is $117.06 and its two-hundred day moving average price is $108.12. The company has a market capitalization of $82.16 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. Fiserv’s revenue was up 5.3% on a year-over-year basis. On average, analysts expect that Fiserv will post 4.01 EPS for the current year.
In other news, insider Lynn S. Mccreary sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $111.39, for a total value of $2,005,020.00. Following the completion of the transaction, the insider now owns 70,364 shares in the company, valued at $7,837,845.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Guy Chiarello sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $114.28, for a total value of $3,428,400.00. Following the completion of the transaction, the insider now owns 326,103 shares of the company’s stock, valued at approximately $37,267,050.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 171,500 shares of company stock worth $19,741,890. Company insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truewealth LLC boosted its holdings in shares of Fiserv by 70.5% during the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 103 shares during the last quarter. Savior LLC bought a new stake in shares of Fiserv in the fourth quarter worth approximately $28,000. Cordasco Financial Network purchased a new position in shares of Fiserv during the third quarter valued at approximately $29,000. Financial Management Professionals Inc. purchased a new position in shares of Fiserv during the third quarter valued at approximately $31,000. Finally, Liberty Wealth Management LLC bought a new position in Fiserv during the third quarter valued at approximately $36,000. Institutional investors own 92.60% of the company’s stock.
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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