Fiserv, Inc. (NASDAQ:FISV) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Fiserv, Inc. (NASDAQ:FISV) have been assigned an average rating of “Buy” from the twenty-five analysts that are currently covering the company, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $128.41.

A number of brokerages recently weighed in on FISV. UBS Group began coverage on shares of Fiserv in a research note on Wednesday, November 17th. They set a “neutral” rating and a $108.00 price objective on the stock. Susquehanna Bancshares reduced their price objective on shares of Fiserv from $140.00 to $135.00 and set a “positive” rating for the company in a report on Tuesday, December 14th. Tigress Financial upped their price objective on shares of Fiserv from $148.00 to $150.00 in a report on Friday. Jefferies Financial Group downgraded shares of Fiserv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $120.00 to $115.00 in a report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on shares of Fiserv from $144.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, October 28th.

In other Fiserv news, EVP Christopher M. Foskett sold 3,000 shares of the company’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $105.00, for a total transaction of $315,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 60,000 shares of the company’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $100.18, for a total value of $6,010,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 21,491 shares of company stock valued at $2,064,444 and have sold 148,965 shares valued at $15,237,813. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Fiserv by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 47,418,471 shares of the business services provider’s stock valued at $5,068,561,000 after purchasing an additional 2,054,193 shares during the period. BlackRock Inc. increased its holdings in shares of Fiserv by 5.2% in the 2nd quarter. BlackRock Inc. now owns 43,399,816 shares of the business services provider’s stock valued at $4,639,005,000 after purchasing an additional 2,163,796 shares during the period. State Street Corp increased its holdings in shares of Fiserv by 4.4% in the 2nd quarter. State Street Corp now owns 23,073,493 shares of the business services provider’s stock valued at $2,466,326,000 after purchasing an additional 981,275 shares during the period. Dodge & Cox increased its holdings in shares of Fiserv by 59.7% in the 2nd quarter. Dodge & Cox now owns 22,996,049 shares of the business services provider’s stock valued at $2,458,048,000 after purchasing an additional 8,599,663 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 0.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 21,389,337 shares of the business services provider’s stock valued at $2,286,306,000 after purchasing an additional 172,464 shares during the period. Institutional investors own 97.20% of the company’s stock.

NASDAQ FISV opened at $109.11 on Friday. The company has a 50-day moving average price of $103.08 and a two-hundred day moving average price of $107.63. Fiserv has a 52 week low of $92.06 and a 52 week high of $127.34. The stock has a market cap of $72.04 billion, a price-to-earnings ratio of 56.53, a price-to-earnings-growth ratio of 1.18 and a beta of 0.84. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 27th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.10 billion. Fiserv had a return on equity of 11.01% and a net margin of 8.23%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. As a group, equities research analysts expect that Fiserv will post 5.57 earnings per share for the current fiscal year.

About Fiserv

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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