Fiserv (FISV) Earning Somewhat Favorable Press Coverage, Study Shows
Media headlines about Fiserv (NASDAQ:FISV) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fiserv earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.8083187350129 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Fiserv, Inc., (NASDAQ: FISV) – Average True Range (ATR) in Spotlight – Stock Watch (stocksnewstimes.com)
- Fiserv (FISV) Downgraded to Buy at BidaskClub (americanbankingnews.com)
- Fiserv, Inc. (FISV) Stock in List of Hot Mover Must-Know Volatility Figures – Investing News Update (investingbizz.com)
- Fiserv Inc (FISV) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
A number of brokerages have issued reports on FISV. SunTrust Banks raised Fiserv from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Cowen reissued a “hold” rating and issued a $135.00 price target on shares of Fiserv in a research note on Thursday, February 8th. BMO Capital Markets raised their price target on Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research note on Thursday, February 8th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, February 7th. Finally, Robert W. Baird raised their price target on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $140.73.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.03. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. equities analysts expect that Fiserv will post 6.22 earnings per share for the current fiscal year.
In related news, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the sale, the insider now owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,439 shares of company stock worth $6,348,653. Company insiders own 1.80% of the company’s stock.
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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