Fiserv (NASDAQ:FISV) had its price target hoisted by Stephens from $117.00 to $124.00 in a research note released on Thursday, The Fly reports. The firm currently has an overweight rating on the business services provider’s stock.
FISV has been the subject of a number of other reports. Bank of America began coverage on shares of Fiserv in a research note on Tuesday, December 3rd. They set a buy rating for the company. Atlantic Securities began coverage on shares of Fiserv in a research report on Tuesday, September 3rd. They issued a neutral rating and a $131.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Fiserv in a research report on Wednesday, October 30th. They issued a neutral rating and a $119.00 price objective on the stock. ValuEngine downgraded shares of Fiserv from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, Oppenheimer boosted their target price on Fiserv from $105.00 to $120.00 and gave the company an outperform rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $109.72.
Shares of FISV opened at $114.49 on Thursday. The company has a market cap of $78.05 billion, a PE ratio of 32.61, a P/E/G ratio of 2.07 and a beta of 0.80. The business has a fifty day moving average of $109.95 and a 200 day moving average of $101.42. Fiserv has a 52-week low of $68.45 and a 52-week high of $117.04. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.66.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same quarter in the previous year, the business posted $0.87 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv will post 4.01 earnings per share for the current fiscal year.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total value of $2,591,750.00. Following the completion of the sale, the chief executive officer now owns 271,229 shares in the company, valued at $28,118,310.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Guy Chiarello sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $114.28, for a total value of $3,428,400.00. Following the completion of the sale, the insider now owns 326,103 shares of the company’s stock, valued at approximately $37,267,050.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 123,000 shares of company stock worth $13,573,170. Corporate insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kohlberg Kravis Roberts & Co. L.P. purchased a new stake in Fiserv in the third quarter worth about $11,438,995,000. Price T Rowe Associates Inc. MD increased its position in Fiserv by 8.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after purchasing an additional 3,933,642 shares during the period. Vanguard Group Inc. increased its position in Fiserv by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after purchasing an additional 322,980 shares during the period. BlackRock Inc. increased its position in Fiserv by 2.8% during the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after purchasing an additional 883,535 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of 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 valued at $2,791,697,000 after purchasing an additional 1,445,676 shares in the last quarter. 92.69% of the stock is owned by institutional investors and hedge funds.
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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