Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by stock analysts at Barclays in a research report issued to clients and investors on Friday, January 5th. They currently have a $141.00 target price on the business services provider’s stock. Barclays’ price objective suggests a potential upside of 2.30% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $146.00 price objective (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen reaffirmed a “hold” rating and set a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 price objective on shares of Fiserv in a report on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $131.70.
Fiserv (NASDAQ FISV) opened at $137.83 on Friday. Fiserv has a 1-year low of $104.51 and a 1-year high of $137.91. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $28,720.00, a PE ratio of 32.74, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts anticipate that Fiserv will post 5.08 EPS for the current year.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The disclosure for this sale can be found here. Insiders sold a total of 49,439 shares of company stock valued at $6,412,063 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Toronto Dominion Bank grew its holdings in shares of Fiserv by 10.9% in the 3rd quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock valued at $10,400,000 after buying an additional 7,944 shares during the period. Huntington National Bank grew its holdings in shares of Fiserv by 3.1% in the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock valued at $28,259,000 after buying an additional 6,646 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $1,290,000. Atlanta Capital Management Co. L L C grew its holdings in shares of Fiserv by 2.3% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 390,692 shares of the business services provider’s stock valued at $47,798,000 after buying an additional 8,832 shares during the period. Finally, Westpac Banking Corp grew its holdings in shares of Fiserv by 323.3% in the 3rd quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock valued at $7,532,000 after buying an additional 44,609 shares during the period. 88.46% of the stock is owned by hedge funds and other institutional investors.
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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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