Fiserv (NASDAQ:FISV) had its price target raised by Credit Suisse Group from $126.00 to $140.00 in a research note issued to investors on Wednesday morning. The firm currently has a neutral rating on the business services provider’s stock.
Several other brokerages have also recently commented on FISV. Zacks Investment Research cut Fiserv from a hold rating to a sell rating in a report on Wednesday, October 4th. Cantor Fitzgerald reaffirmed a hold rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Royal Bank of Canada reaffirmed a hold rating and set a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Cowen reaffirmed a hold rating and set a $115.00 price target on shares of Fiserv in a research note on Thursday, October 12th. Finally, Barclays reaffirmed a hold rating and set a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $133.72.
Shares of Fiserv (NASDAQ:FISV) traded up $0.17 during mid-day trading on Wednesday, hitting $138.11. The stock had a trading volume of 819,746 shares, compared to its average volume of 654,950. 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 company has a market capitalization of $28,746.61, a PE ratio of 32.81, a PEG ratio of 2.09 and a beta of 0.82. Fiserv has a 12 month low of $104.51 and a 12 month high of $139.25.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. Fiserv’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 EPS. equities research analysts forecast that Fiserv will post 5.08 earnings per share for the current year.
In other Fiserv news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the transaction, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock worth $6,605,353 in the last three months. Insiders own 1.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FISV. Janus Henderson Group PLC raised its position in shares of Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after purchasing an additional 1,360,102 shares during the period. Longview Partners Guernsey LTD raised its position in shares of Fiserv by 23.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock worth $695,290,000 after purchasing an additional 1,020,121 shares during the period. Voya Investment Management LLC raised its position in shares of Fiserv by 116.6% during the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after purchasing an additional 896,418 shares during the period. Vanguard Group Inc. raised its position in shares of Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after purchasing an additional 518,262 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Fiserv by 232.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock worth $55,025,000 after purchasing an additional 314,674 shares during the period. 88.50% of the stock is currently owned by hedge funds and other institutional investors.
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Fiserv Company Profile
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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