Other research analysts also recently issued reports about the company. Royal Bank of Canada restated a hold rating and issued a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Barclays restated a hold rating and issued a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a research note on Thursday, November 2nd. SunTrust Banks restated a hold rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald restated a hold rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $132.78.
Fiserv (FISV) traded down $0.61 during mid-day trading on Friday, reaching $137.22. The company’s stock had a trading volume of 764,118 shares, compared to its average volume of 811,937. Fiserv has a 1-year low of $104.51 and a 1-year high of $138.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. The company has a market cap of $28,600.00, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company earned $1.14 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts predict that Fiserv will post 5.08 EPS for the current fiscal year.
In other news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock valued at $6,412,063 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in shares of Fiserv during the 2nd quarter valued at approximately $122,000. Sun Life Financial INC raised its holdings in Fiserv by 11,838.5% during the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares during the period. Coastline Trust Co purchased a new stake in Fiserv during the 3rd quarter valued at $202,000. Trustmark National Bank Trust Department purchased a new stake in Fiserv during the 2nd quarter valued at $204,000. Finally, Paragon Capital Management Ltd purchased a new stake in Fiserv during the 3rd quarter valued at $206,000. Hedge funds and other institutional investors own 88.46% of the company’s stock.
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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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