Fiserv (NASDAQ:FISV – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.45-$6.55 for the period, compared to the consensus estimate of $6.47. The company issued revenue guidance of -.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FISV. Cowen lowered Fiserv from an outperform rating to a market perform rating and lowered their price target for the stock from $144.00 to $126.00 in a research note on Tuesday, April 12th. Wells Fargo & Company lifted their price objective on Fiserv to $100.00 and gave the stock an outperform rating in a research report on Wednesday, July 27th. Tigress Financial lifted their price objective on Fiserv from $150.00 to $152.00 in a research report on Friday, May 27th. The Goldman Sachs Group began coverage on Fiserv in a research report on Tuesday, May 17th. They set a neutral rating and a $108.00 price objective on the stock. Finally, Robert W. Baird reduced their price objective on Fiserv from $144.00 to $132.00 in a research report on Wednesday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $123.46.
Fiserv Price Performance
Shares of NASDAQ:FISV opened at $106.08 on Friday. Fiserv has a twelve month low of $87.03 and a twelve month high of $119.86. The firm has a market capitalization of $67.85 billion, a PE ratio of 34.44, a P/E/G ratio of 1.22 and a beta of 0.88. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $96.34 and a two-hundred day moving average price of $98.20.
Insider Transactions at Fiserv
In related news, COO Guy Chiarello sold 4,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $105.00, for a total transaction of $420,000.00. Following the sale, the chief operating officer now owns 212,864 shares in the company, valued at approximately $22,350,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Holdings L.P. Valueact acquired 500,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of $94.18 per share, with a total value of $47,090,000.00. Following the completion of the transaction, the director now directly owns 14,147,776 shares in the company, valued at $1,332,437,543.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the sale, the chief operating officer now directly owns 212,864 shares in the company, valued at approximately $22,350,720. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 1,224,609 shares of company stock valued at $113,982,154 and have sold 49,000 shares valued at $5,072,700. Insiders own 1.00% of the company’s stock.
Institutional Investors Weigh In On Fiserv
A number of institutional investors have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. purchased a new stake in Fiserv in the first quarter valued at about $620,000. Vista Investment Management raised its stake in Fiserv by 2.9% in the first quarter. Vista Investment Management now owns 5,518 shares of the business services provider’s stock valued at $560,000 after buying an additional 155 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Fiserv by 26.2% during the first quarter. Orion Portfolio Solutions LLC now owns 5,203 shares of the business services provider’s stock worth $528,000 after purchasing an additional 1,079 shares during the period. Horizon Investments LLC boosted its position in Fiserv by 18.6% in the first quarter. Horizon Investments LLC now owns 5,088 shares of the business services provider’s stock valued at $516,000 after buying an additional 798 shares during the last quarter. Finally, Fund Management at Engine No. 1 LLC acquired a new position in Fiserv in the 1st quarter worth approximately $510,000. Institutional investors own 97.24% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.
- Get a free copy of the StockNews.com research report on Fiserv (FISV)
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