Fiserv (NASDAQ:FISV) has been given a $148.00 price objective by investment analysts at Argus in a report released on Friday. The brokerage currently has a “buy” rating on the business services provider’s stock. Argus’ price target indicates a potential upside of 7.86% from the stock’s current price.
Several other equities analysts have also commented on the company. Barclays reaffirmed a “hold” rating and set a $141.00 target price on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reaffirmed a “hold” rating and set a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $132.78.
Shares of Fiserv (NASDAQ FISV) opened at $137.22 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. The firm has a market capitalization of $28,596.51, a PE ratio of 32.59, a P/E/G ratio of 2.08 and a beta of 0.82. Fiserv has a fifty-two week low of $104.51 and a fifty-two week high of $138.07.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. equities analysts anticipate that Fiserv will post 5.08 EPS for the current year.
In other news, insider Byron C. Vielehr sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares in the company, valued at $2,583,780.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,439 shares of company stock valued at $6,412,063. Insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in Fiserv in the second quarter worth approximately $122,000. Sun Life Financial INC lifted its position in Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares during the period. Coastline Trust Co acquired a new stake in Fiserv in the third quarter worth approximately $202,000. Trustmark National Bank Trust Department acquired a new stake in Fiserv in the second quarter worth approximately $204,000. Finally, Paragon Capital Management Ltd acquired a new stake in Fiserv in the third quarter worth approximately $206,000. Institutional investors and hedge funds own 88.46% of the company’s stock.
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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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