BidaskClub cut shares of Fiserv (NASDAQ:FISV) from a buy rating to a hold rating in a research report released on Friday morning.
FISV has been the topic of a number of other reports. Citigroup increased their target price on shares of Fiserv from $69.00 to $70.00 and gave the company a neutral rating in a research report on Friday, February 9th. Cowen reaffirmed a hold rating and issued a $68.00 target price on shares of Fiserv in a research report on Friday, March 23rd. Zacks Investment Research raised shares of Fiserv from a hold rating to a buy rating and set a $77.00 target price on the stock in a research report on Tuesday, February 13th. Credit Suisse Group increased their target price on shares of Fiserv from $63.00 to $70.00 and gave the company a neutral rating in a research report on Wednesday, January 17th. Finally, ValuEngine downgraded shares of Fiserv from a hold rating to a sell rating in a research report on Thursday, March 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $70.83.
Shares of NASDAQ:FISV opened at $69.84 on Friday. Fiserv has a 52 week low of $57.56 and a 52 week high of $74.46. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $28,858.98, a price-to-earnings ratio of 27.28, a PEG ratio of 1.96 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. research analysts forecast that Fiserv will post 3.11 earnings per share for the current year.
In other news, Director Denis Oleary sold 12,160 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $142.64, for a total value of $1,734,502.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the completion of the sale, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. Insiders have sold a total of 80,160 shares of company stock worth $8,993,842 over the last three months. 1.80% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in FISV. Wells Fargo & Company MN lifted its stake in shares of Fiserv by 9.1% in the 3rd quarter. Wells Fargo & Company MN now owns 420,296 shares of the business services provider’s stock worth $54,201,000 after acquiring an additional 35,221 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Fiserv by 3.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,921 shares of the business services provider’s stock worth $3,486,000 after acquiring an additional 800 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of Fiserv by 2.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 29,527 shares of the business services provider’s stock worth $3,807,000 after acquiring an additional 772 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Fiserv in the 3rd quarter worth $1,290,000. Finally, Oribel Capital Management LP acquired a new stake in shares of Fiserv in the 3rd quarter worth $5,971,000. Institutional investors own 44.88% of the company’s stock.
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Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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