Guggenheim upgraded shares of Fiserv, Inc. (NASDAQ:FISV) from a neutral rating to a buy rating in a research note issued to investors on Monday, July 17th, MarketBeat.com reports. Guggenheim currently has $136.00 price target on the business services provider’s stock, up from their prior price target of $131.00.
Other research analysts have also issued reports about the company. Monness Crespi & Hardt raised their target price on Fiserv from $118.00 to $128.00 and gave the stock a buy rating in a research report on Monday, April 3rd. Vetr raised Fiserv from a sell rating to a buy rating and set a $121.50 target price for the company in a research report on Monday, April 3rd. Zacks Investment Research raised Fiserv from a hold rating to a buy rating and set a $130.00 target price for the company in a research report on Thursday, April 20th. BidaskClub downgraded Fiserv from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Finally, Cantor Fitzgerald restated a hold rating and issued a $118.00 target price on shares of Fiserv in a research note on Tuesday, June 20th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $126.91.
Fiserv (NASDAQ:FISV) traded up 0.29% during midday trading on Monday, hitting $122.84. The stock had a trading volume of 449,430 shares. Fiserv has a 1-year low of $92.81 and a 1-year high of $129.35. The company has a 50-day moving average of $124.36 and a 200-day moving average of $118.93. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 30.07 and a beta of 0.81.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. Equities research analysts forecast that Fiserv will post $5.10 EPS for the current year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $121.85, for a total value of $2,071,450.00. Following the transaction, the insider now owns 323,776 shares of the company’s stock, valued at approximately $39,452,105.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 51,000 shares of company stock worth $6,339,810. 1.80% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Savant Capital LLC boosted its position in Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock valued at $247,000 after buying an additional 10 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position in Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock valued at $418,000 after buying an additional 13 shares in the last quarter. Elefante Mark B boosted its position in Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock valued at $699,000 after buying an additional 15 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares in the last quarter. Finally, Nwam LLC boosted its position in Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after buying an additional 35 shares in the last quarter. 87.60% of the stock is currently owned by hedge funds and other 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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