Royal Bank Of Canada restated their hold rating on shares of Fiserv, Inc. (NASDAQ:FISV) in a report released on Sunday. They currently have a $128.00 price objective on the business services provider’s stock.
FISV has been the subject of several other research reports. Barclays PLC reissued an equal weight rating and issued a $123.00 price objective (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cantor Fitzgerald reissued a hold rating and issued a $118.00 price objective on shares of Fiserv in a report on Tuesday, June 20th. BidaskClub raised Fiserv from a buy rating to a strong-buy rating in a report on Monday, July 24th. Zacks Investment Research raised Fiserv from a hold rating to a buy rating and set a $140.00 price target for the company in a report on Wednesday, July 19th. Finally, Robert W. Baird reaffirmed a buy rating and set a $136.00 price target on shares of Fiserv in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $127.77.
Shares of Fiserv (NASDAQ FISV) opened at 127.87 on Friday. The stock has a 50 day moving average of $125.13 and a 200-day moving average of $122.65. The firm has a market capitalization of $26.91 billion, a PE ratio of 31.30 and a beta of 0.82. Fiserv has a 52 week low of $92.81 and a 52 week high of $129.81.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.04). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. Equities analysts anticipate that Fiserv will post $5.10 earnings per share for the current fiscal year.
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In other news, Director Kim M. Robak sold 6,124 shares of Fiserv stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $125.54, for a total value of $2,134,180.00. Following the sale, the insider now directly owns 330,835 shares of the company’s stock, valued at approximately $41,533,025.90. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock valued at $7,113,543 in the last three months. Insiders own 1.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock worth $2,606,032,000 after buying an additional 518,262 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Fiserv by 3.7% during the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after buying an additional 528,274 shares in the last quarter. FMR LLC lifted its holdings in shares of Fiserv by 0.7% during the second quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock worth $845,121,000 after buying an additional 47,797 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Fiserv by 7.0% during the second quarter. Alliancebernstein L.P. now owns 3,527,505 shares of the business services provider’s stock worth $431,555,000 after buying an additional 232,005 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Fiserv by 4.8% during the first quarter. Geode Capital Management LLC now owns 2,374,758 shares of the business services provider’s stock worth $273,485,000 after buying an additional 109,251 shares in the last quarter. 87.72% of the stock is owned by institutional investors.
Fiserv Company Profile
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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