Equities research analysts at Bank of America began coverage on shares of Fiserv (NASDAQ:FISV) in a research report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the business services provider’s stock.
A number of other research firms have also recently issued reports on FISV. SunTrust Banks lifted their price target on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, October 18th. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, November 28th. Oppenheimer increased their price target on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Atlantic Securities started coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 price target for the company. Finally, ValuEngine cut shares of Fiserv from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $108.24.
NASDAQ FISV opened at $114.28 on Tuesday. The firm has a market cap of $79.03 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.42 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. Fiserv has a 1-year low of $68.45 and a 1-year high of $117.04. The company has a 50 day moving average of $109.27 and a 200-day moving average of $100.87.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.02. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the firm posted $0.87 EPS. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts forecast that Fiserv will post 4.01 earnings per share for the current year.
In other news, EVP Christopher M. Foskett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value of $531,800.00. Following the transaction, the executive vice president now directly owns 140,248 shares in the company, valued at approximately $14,916,777.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $103.67, for a total value of $2,591,750.00. Following the sale, the chief executive officer now directly owns 271,229 shares of the company’s stock, valued at $28,118,310.43. The disclosure for this sale can be found here. Insiders have sold a total of 128,000 shares of company stock valued at $14,104,970 in the last quarter. Corporate insiders own 1.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Kohlberg Kravis Roberts & Co. L.P. bought a new stake in shares of Fiserv in the 3rd quarter valued at about $11,438,995,000. Price T Rowe Associates Inc. MD grew its holdings in Fiserv by 8.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after purchasing an additional 3,933,642 shares during the period. Vanguard Group Inc. increased its stake in Fiserv by 0.8% in the second quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after purchasing an additional 322,980 shares in the last quarter. BlackRock Inc. increased its stake in Fiserv by 2.8% in the second quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after purchasing an additional 883,535 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Fiserv by 5.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 26,949,480 shares of the business services provider’s stock valued at $2,791,697,000 after purchasing an additional 1,445,676 shares in the last quarter. 92.69% of the stock is currently owned by hedge funds and other institutional investors.
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.
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