Fiserv (NASDAQ:FISV) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $6.05 to $6.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.85.
Several analysts have weighed in on the stock. BMO Capital Markets lifted their price objective on shares of Fiserv from $133.00 to $152.00 and gave the stock a market perform rating in a research note on Thursday. Cowen reiterated a hold rating and issued a $135.00 price objective on shares of Fiserv in a research note on Thursday. Credit Suisse Group dropped their target price on shares of Fiserv from $140.00 to $136.00 and set a neutral rating for the company in a research report on Thursday. Cantor Fitzgerald restated a hold rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday. Finally, BidaskClub upgraded shares of Fiserv from a buy rating to a strong-buy rating in a research report on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $138.58.
Shares of Fiserv (FISV) traded up $7.51 during trading hours on Thursday, hitting $136.68. 2,018,223 shares of the stock traded hands, compared to its average volume of 1,142,054. The firm has a market cap of $27,248.22, a PE ratio of 32.34, a PEG ratio of 1.98 and a beta of 0.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv has a one year low of $107.41 and a one year high of $144.20.
In related news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the sale, the insider now directly owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,605,353 over the last ninety days. 1.80% of the stock is currently owned by insiders.
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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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