Fiserv Inc (NASDAQ:FISV) reached a new 52-week high on Wednesday . The stock traded as high as $137.33 and last traded at $137.03, with a volume of 812704 shares trading hands. The stock had previously closed at $136.29.
A number of research analysts recently commented on the company. Robert W. Baird restated an “outperform” rating and issued a $146.00 target price (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. SunTrust Banks restated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Barclays restated a “hold” rating and issued a $141.00 target price on shares of Fiserv in a research note on Friday, January 5th. Finally, Cowen restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Fiserv has a consensus rating of “Hold” and an average price target of $131.70.
The company has a market capitalization of $28,550.00, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 2.04 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.
In related news, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares in the company, valued at $2,583,780.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,439 shares of company stock valued at $6,412,063. 1.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new position in Fiserv in the second quarter valued at about $122,000. Sun Life Financial INC boosted its holdings in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after buying an additional 1,539 shares during the last quarter. Coastline Trust Co bought a new position in Fiserv during the third quarter worth about $202,000. Paragon Capital Management Ltd bought a new position in Fiserv during the third quarter worth about $206,000. Finally, Trustmark National Bank Trust Department bought a new position in Fiserv during the second quarter worth about $204,000. Institutional investors and hedge funds own 88.46% of the company’s stock.
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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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