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Fiserv, Inc. (NASDAQ:FISV – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the stock, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $123.38.
A number of brokerages have recently issued reports on FISV. StockNews.com began coverage on shares of Fiserv in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup dropped their target price on shares of Fiserv from $122.00 to $115.00 in a report on Friday, October 28th. Raymond James dropped their target price on shares of Fiserv from $117.00 to $109.00 and set an “outperform” rating for the company in a report on Tuesday, October 18th. William Blair reaffirmed an “outperform” rating on shares of Fiserv in a report on Thursday, October 27th. Finally, Moffett Nathanson dropped their target price on shares of Fiserv to $140.00 in a report on Tuesday, November 1st.
Fiserv Trading Down 3.1 %
Shares of FISV stock opened at $102.19 on Tuesday. Fiserv has a 1 year low of $87.03 and a 1 year high of $110.99. The firm has a fifty day moving average price of $98.95 and a 200-day moving average price of $99.51. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $64.89 billion, a price-to-earnings ratio of 32.03, a PEG ratio of 1.23 and a beta of 0.88.
Fiserv (NASDAQ:FISV – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Fiserv had a net margin of 11.98% and a return on equity of 12.74%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.27 billion. As a group, equities analysts predict that Fiserv will post 6.49 earnings per share for the current year.
Insider Activity
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 sale, the director now directly owns 12,947 shares in the company, valued at approximately $1,407,597.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Harry Disimone sold 2,706 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $108.72, for a total value of $294,196.32. Following the sale, the director now directly owns 12,947 shares of the company’s stock, valued at approximately $1,407,597.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Guy Chiarello sold 4,550 shares of the stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $103.30, for a total transaction of $470,015.00. Following the completion of the sale, the chief operating officer now directly owns 224,003 shares in the company, valued at $23,139,509.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,256 shares of company stock worth $1,164,211. 1.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Fiserv
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Fiserv during the first quarter worth approximately $724,000. Welch & Forbes LLC increased its position in shares of Fiserv by 0.9% during the second quarter. Welch & Forbes LLC now owns 927,372 shares of the business services provider’s stock worth $82,509,000 after acquiring an additional 8,383 shares during the period. Ronald Blue Trust Inc. purchased a new position in shares of Fiserv during the second quarter worth approximately $103,000. DekaBank Deutsche Girozentrale increased its position in shares of Fiserv by 6.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 136,377 shares of the business services provider’s stock worth $12,268,000 after acquiring an additional 8,591 shares during the period. Finally, Tcwp LLC purchased a new position in shares of Fiserv during the first quarter worth approximately $90,000. 94.01% of the stock is owned by hedge funds and other institutional investors.
Fiserv Company Profile
(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.
Read More
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