Fiserv, Inc. (NASDAQ:FISV)‘s stock had its “outperform” rating reiterated by analysts at Robert W. Baird in a report released on Tuesday. They presently have a $146.00 price target on the business services provider’s stock, up from their previous price target of $136.00. Robert W. Baird’s target price would indicate a potential upside of 15.20% from the stock’s previous close.
A number of other research analysts also recently weighed in on FISV. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 target price (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC reissued an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cowen and Company reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, August 3rd. Finally, Credit Suisse Group increased their target price on Fiserv from $123.00 to $126.00 and gave the company a “neutral” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $127.77.
Shares of Fiserv (NASDAQ:FISV) opened at 126.74 on Tuesday. Fiserv has a one year low of $92.81 and a one year high of $129.81. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of 31.03 and a beta of 0.82. The company has a 50-day moving average price of $125.25 and a 200 day moving average price of $122.68.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company posted $1.08 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts expect that Fiserv will post $5.10 earnings per share for the current year.
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In other Fiserv news, Director Kim M. Robak sold 6,124 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 42,141 shares in the company, valued at approximately $5,248,240.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the transaction, the insider now 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 quarter. 1.80% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FISV. BlackRock Inc. grew its holdings in Fiserv by 2,669.4% during the 1st quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after buying an additional 13,827,530 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Fiserv by 267.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares in the last quarter. Voya Investment Management LLC grew its holdings in Fiserv by 116.6% during the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after buying an additional 896,418 shares in the last quarter. Vanguard Group Inc. grew its holdings in Fiserv by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after buying an additional 518,262 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Fiserv by 232.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after buying an additional 314,674 shares in the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.
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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