Fiserv, Inc. (FISV) Stock Rating Reaffirmed by Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of Fiserv, Inc. (NASDAQ:FISV) in a research report sent to investors on Friday. Robert W. Baird currently has a $136.00 target price on the business services provider’s stock.
Several other research firms also recently weighed in on FISV. Royal Bank Of Canada reissued a sector perform rating and issued a $128.00 target price (up from $123.00) on shares of Fiserv in a research report on Tuesday, August 8th. Credit Suisse Group lifted their target price on shares of Fiserv from $123.00 to $126.00 and gave the stock a neutral rating in a research report on Wednesday, August 2nd. Guggenheim raised shares of Fiserv from a neutral rating to a buy rating and lifted their target price for the stock from $131.00 to $136.00 in a research report on Monday, July 17th. BMO Capital Markets lifted their target price on shares of Fiserv from $112.00 to $133.00 and gave the stock a market perform rating in a research report on Tuesday, August 1st. Finally, Cowen and Company reissued a hold rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, August 3rd. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of Hold and a consensus target price of $127.05.
Shares of Fiserv (FISV) opened at 124.32 on Friday. The firm has a market cap of $26.17 billion, a price-to-earnings ratio of 30.43 and a beta of 0.82. Fiserv has a 12 month low of $92.81 and a 12 month high of $129.35. The company’s 50-day moving average is $123.77 and its 200-day moving average is $121.12.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. On average, equities research analysts forecast that Fiserv will post $5.10 earnings per share for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 51,000 shares of company stock worth $6,342,700 over the last ninety days. 1.80% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. First Manhattan Co. grew its position in Fiserv by 14.9% in the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock worth $102,000 after acquiring an additional 134 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Fiserv in the second quarter worth approximately $104,000. Parallel Advisors LLC grew its position in Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after acquiring an additional 64 shares in the last quarter. Acrospire Investment Management LLC bought a new stake in Fiserv in the second quarter worth approximately $122,000. Finally, Trust Co. of Vermont grew its position in Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock worth $159,000 after acquiring an additional 453 shares in the last quarter. 87.72% of the stock is owned by institutional investors.
Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.
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