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.
COPYRIGHT VIOLATION NOTICE: “Fiserv Inc (FISV) Receives Consensus Recommendation of “Hold” from Brokerages” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/08/fiserv-inc-fisv-receives-consensus-recommendation-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.