Fiserv (NASDAQ:FISV) Rating Increased to Hold at BidaskClub
Several other equities analysts have also issued reports on the stock. Bank of America assumed coverage on shares of Fiserv in a report on Tuesday, December 3rd. They issued a “buy” rating on the stock. Oppenheimer boosted their target price on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Moffett Nathanson lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Tuesday, January 7th. SunTrust Banks boosted their target price on shares of Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Fiserv from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $113.02.
FISV stock traded down $1.17 during midday trading on Wednesday, hitting $121.06. The stock had a trading volume of 1,028,937 shares, compared to its average volume of 2,393,592. The firm has a market cap of $82.98 billion, a P/E ratio of 56.05, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Fiserv has a 1-year low of $80.58 and a 1-year high of $122.52. The business has a fifty day moving average price of $117.06 and a two-hundred day moving average price of $108.12.
In other news, Director Harry Disimone acquired 900 shares of Fiserv stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $116.04 per share, with a total value of $104,436.00. Following the transaction, the director now owns 5,929 shares of the company’s stock, valued at approximately $688,001.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $118.58, for a total transaction of $2,964,500.00. Following the completion of the sale, the chief executive officer now directly owns 443,233 shares of the company’s stock, valued at $52,558,569.14. The disclosure for this sale can be found here. Insiders sold a total of 171,500 shares of company stock valued at $19,741,890 over the last ninety days. 1.40% of the stock is currently owned by insiders.
A number of hedge funds have recently modified their holdings of FISV. Kohlberg Kravis Roberts & Co. L.P. bought a new position in shares of Fiserv during the 3rd quarter valued at approximately $11,438,995,000. State Street Corp lifted its stake in Fiserv by 44.0% in the 3rd quarter. State Street Corp now owns 23,673,283 shares of the business services provider’s stock worth $2,452,315,000 after purchasing an additional 7,234,231 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Fiserv by 2,018.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,904,545 shares of the business services provider’s stock worth $173,618,000 after purchasing an additional 1,814,639 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 5.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock worth $2,791,697,000 after purchasing an additional 1,445,676 shares in the last quarter. Finally, Strs Ohio lifted its stake in Fiserv by 3,894.4% in the 3rd quarter. Strs Ohio now owns 950,337 shares of the business services provider’s stock worth $98,445,000 after purchasing an additional 926,545 shares in the last quarter. 92.60% of the stock is owned by institutional investors and hedge funds.
Fiserv Company Profile
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; Internet and 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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