Fiserv Inc. (FISV) Given Average Rating of “Hold” by Brokerages
Fiserv Inc. (NASDAQ:FISV) has received a consensus rating of “Hold” from the eighteen research firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $106.64.
A number of equities research analysts recently weighed in on the company. Jefferies Group restated a “buy” rating and set a $121.00 price objective on shares of Fiserv in a research note on Monday, September 26th. Barclays PLC upped their price objective on Fiserv from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 3rd. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. William Blair cut Fiserv from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 27th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $101.00 price target on shares of Fiserv in a research note on Wednesday, August 3rd.
In related news, insider Rahul Gupta sold 15,225 shares of Fiserv stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the transaction, the insider now owns 66,129 shares in the company, valued at $6,680,351.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 12,000 shares of Fiserv stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $100.46, for a total value of $1,205,520.00. Following the transaction, the insider now owns 323,994 shares in the company, valued at approximately $32,548,437.24. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Fiserv by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 190,178 shares of the company’s stock worth $20,678,000 after buying an additional 1,817 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its position in shares of Fiserv by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 57,550 shares of the company’s stock worth $6,257,000 after buying an additional 3,270 shares during the last quarter. DNB Asset Management AS increased its position in shares of Fiserv by 3.0% in the second quarter. DNB Asset Management AS now owns 17,070 shares of the company’s stock worth $1,856,000 after buying an additional 500 shares during the last quarter. Gardiner Nancy B increased its position in shares of Fiserv by 12.7% in the first quarter. Gardiner Nancy B now owns 9,640 shares of the company’s stock worth $989,000 after buying an additional 1,085 shares during the last quarter. Finally, BlueMountain Capital Management LLC increased its position in shares of Fiserv by 24.3% in the first quarter. BlueMountain Capital Management LLC now owns 3,634 shares of the company’s stock worth $373,000 after buying an additional 711 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.
Fiserv (NASDAQ:FISV) traded down 0.67% during midday trading on Friday, reaching $104.36. The company had a trading volume of 862,322 shares. The company has a market capitalization of $22.65 billion, a P/E ratio of 26.18 and a beta of 0.82. The firm has a 50-day moving average of $99.83 and a 200 day moving average of $103.52. Fiserv has a 1-year low of $85.63 and a 1-year high of $111.51.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The firm earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. On average, equities research analysts forecast that Fiserv will post $4.45 EPS for the current year.
Fiserv Company Profile
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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