Fiserv, Inc. (NASDAQ:FISV)‘s stock had its “hold” rating reissued by SunTrust Banks, Inc. in a report issued on Wednesday. They presently have a $130.00 target price on the business services provider’s stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 0.44% from the company’s current price.
Several other analysts have also weighed in on FISV. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price objective (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC restated 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. Finally, Cowen and Company restated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of $128.45.
Shares of Fiserv (NASDAQ FISV) traded down 3.52% on Wednesday, hitting $124.87. The stock had a trading volume of 3,517,888 shares. The firm has a market cap of $26.28 billion, a P/E ratio of 30.57 and a beta of 0.82. The company’s 50-day moving average price is $127.24 and its 200 day moving average price is $123.92. Fiserv has a 12-month low of $97.06 and a 12-month high of $130.20.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 EPS. On average, equities research analysts forecast that Fiserv will post $5.10 earnings per share for the current fiscal year.
In related news, Director Kim M. Robak sold 6,124 shares of the company’s 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 transaction, the director now directly 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 the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now directly owns 313,835 shares in the company, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock worth $7,133,943 over the last three months. 1.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of FISV. Thrivent Financial For Lutherans raised its position in Fiserv by 5.1% during the first quarter. Thrivent Financial For Lutherans now owns 7,900 shares of the business services provider’s stock valued at $911,000 after buying an additional 380 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in Fiserv during the first quarter valued at $304,000. Marshall Wace North America L.P. acquired a new position in Fiserv during the first quarter valued at $304,000. BlackRock Inc. raised its position in Fiserv by 2,669.4% during the first 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 during the period. Finally, OZ Management LP acquired a new position in Fiserv during the first quarter valued at $4,728,000. 87.85% 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.
What are top analysts saying about Fiserv Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Fiserv Inc. and related companies.