Fiserv Inc (NASDAQ:FISV) has earned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $93.13.
A number of equities research analysts have commented on FISV shares. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Wells Fargo & Co set a $45.00 price target on Perrigo and gave the company a “hold” rating in a research note on Wednesday, June 19th. Zacks Investment Research lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Raymond James set a $29.00 price objective on Seacoast Banking Co. of Florida and gave the company a “buy” rating in a report on Friday, June 21st. Finally, Keefe, Bruyette & Woods started coverage on Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 price objective on the stock.
In related news, insider Jeffery W. Yabuki sold 20,000 shares of Fiserv stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the transaction, the insider now owns 354,929 shares in the company, valued at $31,670,314.67. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the transaction, the insider now owns 371,429 shares in the company, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,000 shares of company stock worth $5,376,500. Company insiders own 1.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR increased its stake in Fiserv by 8.1% in the 4th quarter. Stephens Inc. AR now owns 10,022 shares of the business services provider’s stock worth $737,000 after acquiring an additional 751 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Fiserv by 22.9% in the 4th quarter. Eagle Asset Management Inc. now owns 9,977 shares of the business services provider’s stock worth $733,000 after acquiring an additional 1,857 shares during the last quarter. Raymond James & Associates increased its stake in Fiserv by 6.5% in the 4th quarter. Raymond James & Associates now owns 241,591 shares of the business services provider’s stock worth $17,755,000 after acquiring an additional 14,789 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Fiserv by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 40,583 shares of the business services provider’s stock worth $2,982,000 after acquiring an additional 1,821 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Fiserv by 21.1% in the 4th quarter. Advisor Group Inc. now owns 22,693 shares of the business services provider’s stock worth $1,669,000 after acquiring an additional 3,954 shares during the last quarter. Hedge funds and other institutional investors own 87.38% of the company’s stock.
Shares of FISV stock traded up $0.82 during mid-day trading on Friday, hitting $94.51. The stock had a trading volume of 2,322,288 shares, compared to its average volume of 4,466,943. Fiserv has a 12-month low of $68.45 and a 12-month high of $94.89. The firm has a market capitalization of $36.83 billion, a price-to-earnings ratio of 30.49, a P/E/G ratio of 2.27 and a beta of 0.78. The stock has a 50-day moving average of $89.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45.
Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the prior year, the business earned $0.76 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts predict that Fiserv will post 3.44 earnings per share for the current fiscal year.
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
Read More: What is a Futures Contract?
Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.