Shares of Fiserv, Inc. (NASDAQ:FISV – Get Rating) have received an average rating of “Hold” from the twenty-three brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $120.70.
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A number of research firms have recently weighed in on FISV. Credit Suisse Group lowered their price objective on Fiserv from $120.00 to $115.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Barclays reduced their price objective on Fiserv from $128.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday. Atlantic Securities downgraded Fiserv from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $130.00 to $105.00 in a research note on Wednesday, October 12th. StockNews.com initiated coverage on Fiserv in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley boosted their price objective on Fiserv from $106.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday, October 18th.
Insiders Place Their Bets
In other Fiserv news, COO Guy Chiarello sold 1,063 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total transaction of $111,646.89. Following the completion of the sale, the chief operating officer now owns 201,623 shares of the company’s stock, valued at $21,176,463.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, COO Guy Chiarello sold 1,063 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $105.03, for a total transaction of $111,646.89. Following the completion of the transaction, the chief operating officer now directly owns 201,623 shares in the company, valued at $21,176,463.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Christopher M. Foskett sold 4,000 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $101.31, for a total value of $405,240.00. Following the transaction, the executive now owns 99,094 shares of the company’s stock, valued at $10,039,213.14. The disclosure for this sale can be found here. Insiders sold a total of 1,747,594 shares of company stock valued at $178,182,913 over the last quarter. 1.00% of the stock is owned by insiders.
Institutional Trading of Fiserv
A number of institutional investors have recently bought and sold shares of the business. 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 purchasing an additional 8,383 shares in the last quarter. Secure Asset Management LLC acquired a new position in Fiserv in the 3rd quarter valued at about $202,000. Hartford Investment Management Co. increased its position in Fiserv by 10.0% in the 3rd quarter. Hartford Investment Management Co. now owns 64,479 shares of the business services provider’s stock valued at $6,033,000 after acquiring an additional 5,847 shares during the period. Fifth Third Bancorp increased its position in Fiserv by 43.3% in the 3rd quarter. Fifth Third Bancorp now owns 156,728 shares of the business services provider’s stock valued at $14,665,000 after acquiring an additional 47,365 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Fiserv by 10.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,839 shares of the business services provider’s stock worth $173,000 after purchasing an additional 170 shares during the period. 88.79% of the stock is owned by hedge funds and other institutional investors.
Fiserv Trading Down 1.7 %
Fiserv stock opened at $103.71 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv has a one year low of $87.03 and a one year high of $110.94. The stock has a market capitalization of $65.86 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.87. The business’s fifty day moving average is $101.51 and its 200 day moving average is $101.23.
Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The business services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.70 by ($0.07). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Fiserv had a net margin of 11.98% and a return on equity of 12.74%. On average, sell-side analysts predict that Fiserv will post 6.49 EPS for the current year.
Fiserv Company Profile
Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.
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