Fiserv (NASDAQ:FISV) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.05 to $6.30 for the period, compared to the Thomson Reuters consensus estimate of $5.85.
A number of brokerages recently issued reports on FISV. BMO Capital Markets boosted their price target on Fiserv from $133.00 to $152.00 and gave the company a market perform rating in a report on Thursday. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a report on Monday, October 16th. Guggenheim restated a buy rating and set a $160.00 price target on shares of Fiserv in a report on Monday, January 29th. Argus set a $148.00 price target on Fiserv and gave the company a buy rating in a report on Friday, January 12th. Finally, SunTrust Banks restated a hold rating and set a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $138.58.
Fiserv (FISV) traded up $7.45 during trading on Thursday, reaching $136.62. The company’s stock had a trading volume of 1,923,193 shares, compared to its average volume of 1,141,169. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $27,248.22, a PE ratio of 32.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. Fiserv has a fifty-two week low of $107.41 and a fifty-two week high of $144.20.
In other news, insider Kevin J. Schultz sold 3,439 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total value of $2,230,060.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,439 shares of company stock worth $6,605,353. Insiders own 1.80% 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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