Fiserv, Inc. (FISV) Given Average Rating of “Hold” by Brokerages
Fiserv, Inc. (NASDAQ:FISV) has been given an average recommendation of “Hold” by the seventeen brokerages that are currently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $126.91.
A number of equities analysts have weighed in on the company. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, July 19th. BMO Capital Markets boosted their target price on Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up from $123.00) on shares of Fiserv in a research note on Tuesday, August 8th. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd.
Shares of Fiserv (NASDAQ:FISV) opened at 122.83 on Tuesday. The firm has a market cap of $25.85 billion, a PE ratio of 30.07 and a beta of 0.81. The stock’s 50 day moving average is $124.15 and its 200-day moving average is $120.11. Fiserv has a 1-year low of $92.81 and a 1-year high of $129.35.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm posted $1.08 EPS. Fiserv’s quarterly revenue was up 1.7% compared to the same quarter last year. Analysts expect that Fiserv will post $5.10 earnings per share for the current year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the transaction, the insider now directly owns 286,151 shares in the company, valued at approximately $36,060,749.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 51,000 shares of company stock valued at $6,342,700. 1.80% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in shares of Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after buying an additional 64 shares during the period. Chicago Partners Investment Group LLC bought a new position in shares of Fiserv during the second quarter worth about $104,000. Acrospire Investment Management LLC bought a new position in shares of Fiserv during the second quarter worth about $122,000. First Manhattan Co. increased its position in shares of Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after buying an additional 134 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Fiserv during the first quarter valued at $131,000. Institutional investors own 87.72% 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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