→ Is This The End of Capitalism? (From Porter & Company)
Fiserv, Inc. (NASDAQ:FISV – Get Rating) – Research analysts at Oppenheimer issued their FY2024 earnings estimates for Fiserv in a research note issued on Tuesday, January 24th. Oppenheimer analyst D. Gabriele forecasts that the business services provider will earn $7.78 per share for the year. The consensus estimate for Fiserv’s current full-year earnings is $6.49 per share.
Several other brokerages also recently issued reports on FISV. The Goldman Sachs Group reduced their price objective on shares of Fiserv from $123.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, January 9th. StockNews.com initiated coverage on shares of Fiserv in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group reduced their price objective on shares of Fiserv from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Citigroup reduced their price objective on shares of Fiserv from $122.00 to $115.00 in a research note on Friday, October 28th. Finally, Mizuho cut their price target on shares of Fiserv from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $120.70.
Fiserv Stock Performance
Shares of FISV opened at $106.26 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $67.48 billion, a price-to-earnings ratio of 33.31, a PEG ratio of 1.12 and a beta of 0.87. The company’s 50 day simple moving average is $101.75 and its 200 day simple moving average is $101.28. Fiserv has a 1 year low of $87.03 and a 1 year high of $110.94.
Fiserv (NASDAQ:FISV – Get Rating) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $4.27 billion. Fiserv had a net margin of 11.98% and a return on equity of 12.74%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. AMI Investment Management Inc. lifted its position in Fiserv by 33.6% in the 1st quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock valued at $2,839,000 after purchasing an additional 7,047 shares during the last quarter. American Century Companies Inc. lifted its position in Fiserv by 10.4% in the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Fiserv by 158.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 590 shares during the last quarter. Prudential PLC bought a new stake in Fiserv in the 1st quarter valued at about $1,095,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Fiserv in the 1st quarter valued at about $357,000. 88.79% of the stock is currently owned by institutional investors.
Insider Activity at Fiserv
In other Fiserv news, Director Holdings L.P. Valueact sold 1,060,030 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $102.23, for a total transaction of $108,366,866.90. Following the completion of the transaction, the director now directly owns 13,587,746 shares of the company’s stock, valued at approximately $1,389,075,273.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Holdings L.P. Valueact sold 1,060,030 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $102.23, for a total value of $108,366,866.90. Following the transaction, the director now directly owns 13,587,746 shares in the company, valued at approximately $1,389,075,273.58. The transaction was disclosed in a legal filing 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 dated Friday, December 9th. The stock was sold at an average price of $101.31, for a total transaction of $405,240.00. Following the completion of the transaction, the executive now owns 99,094 shares in the company, valued at $10,039,213.14. The disclosure for this sale can be found here. In the last three months, insiders sold 1,747,594 shares of company stock valued at $178,182,913. Corporate insiders own 1.00% of the company’s stock.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Fiserv, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Fiserv wasn’t on the list.
While Fiserv currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
