Fiserv Inc (NASDAQ:FISV) has received a consensus rating of “Buy” from the thirty-one analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty-two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $107.85.
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Several research analysts have weighed in on the stock. ValuEngine lowered shares of Fiserv from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $120.00 in a report on Tuesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Fiserv in a report on Wednesday, October 30th. They set a “neutral” rating and a $119.00 price objective for the company. Berenberg Bank assumed coverage on shares of Fiserv in a report on Wednesday, July 31st. They set a “buy” rating and a $121.00 price objective for the company. Finally, Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, July 26th.
Shares of Fiserv stock traded up $0.96 during trading hours on Thursday, hitting $110.61. The company’s stock had a trading volume of 4,201,000 shares, compared to its average volume of 4,555,937. The company has a market capitalization of $40.87 billion, a PE ratio of 35.68, a P/E/G ratio of 2.15 and a beta of 0.78. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. Fiserv has a 1-year low of $68.45 and a 1-year high of $111.46. The business has a fifty day moving average of $104.63 and a 200 day moving average of $97.58.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.78 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. On average, sell-side analysts anticipate that Fiserv will post 4.03 earnings per share for the current fiscal year.
In related news, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $106.33, for a total value of $2,658,250.00. Following the sale, the chief executive officer now directly owns 257,829 shares in the company, valued at approximately $27,414,957.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Guy Chiarello sold 46,000 shares of Fiserv stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total transaction of $4,954,200.00. Following the completion of the sale, the insider now owns 372,447 shares in the company, valued at $40,112,541.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,000 shares of company stock worth $13,422,250. Insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Truewealth LLC lifted its position in Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network acquired a new position in Fiserv during the 3rd quarter valued at about $29,000. Advantage Investment Management LLC increased its stake in Fiserv by 126.4% during the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after buying an additional 187 shares during the period. Financial Management Professionals Inc. acquired a new position in Fiserv during the 3rd quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC increased its stake in Fiserv by 523.3% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock valued at $34,000 after buying an additional 314 shares during the period.
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.