Fiserv, Inc. (FISV) Earns “Hold” Rating from SunTrust Banks, Inc.

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.

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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.

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