Fiserv, Inc. (NASDAQ:FISV) insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the transaction, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Fiserv, Inc. (NASDAQ FISV) traded down $0.05 during trading hours on Wednesday, reaching $128.27. 790,500 shares of the company were exchanged, compared to its average volume of 865,322. The firm has a market cap of $26,741.81, a PE ratio of 26.35, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv, Inc. has a 12-month low of $102.60 and a 12-month high of $130.20.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. analysts anticipate that Fiserv, Inc. will post 5.08 earnings per share for the current fiscal year.
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FISV has been the topic of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Fiserv from $112.00 to $133.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Royal Bank Of Canada upped their target price on shares of Fiserv from $123.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd. Barclays PLC reaffirmed an “equal weight” rating and set a $123.00 target price (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Credit Suisse Group upped their target price on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $115.00 target price on shares of Fiserv in a research note on Thursday, August 3rd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Fiserv currently has an average rating of “Hold” and an average price target of $130.41.
A number of large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Fiserv during the 3rd quarter worth $881,000. Coastline Trust Co acquired a new stake in Fiserv during the 3rd quarter worth $202,000. Gyroscope Capital Management Group LLC acquired a new stake in Fiserv during the 3rd quarter worth $326,000. Moors & Cabot Inc. boosted its stake in Fiserv by 31.5% during the 3rd quarter. Moors & Cabot Inc. now owns 2,433 shares of the business services provider’s stock worth $311,000 after purchasing an additional 583 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in Fiserv during the 3rd quarter worth $779,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.
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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