Fiserv Inc (NASDAQ:FISV) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $141.45.
A number of research firms recently commented on FISV. BMO Capital Markets increased their target price on Fiserv from $133.00 to $152.00 and gave the company an “average” rating in a research note on Thursday, February 8th. ValuEngine cut Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Stephens reissued a “hold” rating and issued a $146.00 target price on shares of Fiserv in a research note on Friday, February 9th. Guggenheim reissued a “buy” rating and issued a $160.00 target price on shares of Fiserv in a research note on Monday, January 29th. Finally, Argus set a $148.00 price target on shares of Fiserv and gave the company a “buy” rating in a research report on Friday, January 12th.
Fiserv (NASDAQ:FISV) opened at $148.44 on Friday. The company has a market capitalization of $30,509.79, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.06 and a beta of 0.83. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.02. Fiserv has a 12 month low of $113.29 and a 12 month high of $148.91.
Shares of Fiserv are scheduled to split on Tuesday, March 20th. The 2-1 split was announced on Thursday, February 22nd. The newly issued shares will be issued to shareholders after the market closes on Monday, March 19th.
Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. equities analysts forecast that Fiserv will post 6.23 EPS for the current year.
In other news, Director Denis Oleary sold 12,160 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $142.64, for a total transaction of $1,734,502.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,160 shares of company stock valued at $8,727,282. Company insiders own 1.80% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Fiserv by 6.8% during the third quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock worth $835,000 after purchasing an additional 411 shares during the period. Standard Life Aberdeen plc boosted its holdings in shares of Fiserv by 1.0% during the fourth quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock worth $6,326,000 after purchasing an additional 475 shares during the period. Peddock Capital Advisors LLC boosted its holdings in shares of Fiserv by 3.5% during the third quarter. Peddock Capital Advisors LLC now owns 14,153 shares of the business services provider’s stock worth $1,825,000 after purchasing an additional 480 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Fiserv by 0.9% during the fourth quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock worth $6,909,000 after purchasing an additional 485 shares during the period. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of Fiserv by 2.5% during the fourth quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock worth $2,656,000 after purchasing an additional 500 shares during the period. Institutional investors own 89.49% of the company’s stock.
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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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