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Fiserv (NASDAQ:FISV – Get Rating) had its price objective raised by research analysts at Morgan Stanley from $106.00 to $107.00 in a research note issued on Tuesday, Stock Target Advisor reports. The brokerage presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 10.00% from the company’s current price.
FISV has been the subject of a number of other research reports. StockNews.com started coverage on shares of Fiserv in a report on Wednesday, October 12th. They set a “hold” rating for the company. Truist Financial lowered their target price on shares of Fiserv from $105.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 30th. TheStreet lowered shares of Fiserv from a “b-” rating to a “c+” rating in a report on Friday, July 8th. Wells Fargo & Company boosted their price target on shares of Fiserv from $100.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, September 8th. Finally, Robert W. Baird decreased their price target on shares of Fiserv from $144.00 to $132.00 in a report on Wednesday, July 13th. Eleven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.80.
Fiserv Price Performance
FISV traded down $0.10 during midday trading on Tuesday, reaching $97.27. 64,989 shares of the company’s stock were exchanged, compared to its average volume of 3,619,166. The firm has a market capitalization of $62.21 billion, a price-to-earnings ratio of 31.63, a price-to-earnings-growth ratio of 1.07 and a beta of 0.87. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. Fiserv has a one year low of $87.03 and a one year high of $111.84. The business has a 50-day simple moving average of $102.36 and a two-hundred day simple moving average of $99.20.
Fiserv (NASDAQ:FISV – Get Rating) last posted its earnings results on Tuesday, July 26th. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. Fiserv had a net margin of 11.92% and a return on equity of 12.40%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same quarter in the previous year, the company posted $1.37 earnings per share. Fiserv’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Fiserv will post 6.49 EPS for the current year.
Insiders Place Their Bets
In other Fiserv news, COO Guy Chiarello sold 15,000 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $1,500,000.00. Following the transaction, the chief operating officer now owns 216,864 shares in the company, valued at approximately $21,686,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Harry Disimone sold 2,706 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $108.72, for a total transaction of $294,196.32. Following the transaction, the director now owns 12,947 shares in the company, valued at $1,407,597.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total value of $1,500,000.00. Following the sale, the chief operating officer now directly owns 216,864 shares of the company’s stock, valued at $21,686,400. The disclosure for this sale can be found here. Insiders have sold a total of 55,706 shares of company stock worth $5,766,896 in the last quarter. Corporate insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Regent Investment Management LLC increased its stake in shares of Fiserv by 3.2% in the third quarter. Regent Investment Management LLC now owns 21,598 shares of the business services provider’s stock worth $2,021,000 after purchasing an additional 675 shares in the last quarter. Wedbush Securities Inc. lifted its position in Fiserv by 0.9% during the third quarter. Wedbush Securities Inc. now owns 15,221 shares of the business services provider’s stock valued at $1,424,000 after purchasing an additional 140 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of Fiserv by 95.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 427 shares of the business services provider’s stock worth $40,000 after acquiring an additional 209 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in shares of Fiserv by 5.8% in the 3rd quarter. LaFleur & Godfrey LLC now owns 16,590 shares of the business services provider’s stock worth $1,552,000 after acquiring an additional 915 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Fiserv by 16.4% in the 3rd quarter. Private Trust Co. NA now owns 796 shares of the business services provider’s stock worth $74,000 after acquiring an additional 112 shares during the last quarter. 94.01% of the stock is owned by institutional investors.
About Fiserv
(Get Rating)
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
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