Fiserv (FISV) Sets New 12-Month High at $137.33

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.

Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts anticipate that Fiserv Inc will post 5.08 earnings per share for the current fiscal year.

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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