Fiserv Inc (NASDAQ:FISV) Given Consensus Rating of “Buy” by Brokerages

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Shares of Fiserv Inc (NASDAQ:FISV) have been assigned a consensus recommendation of “Buy” from the twenty-eight ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $124.49.

Several brokerages recently issued reports on FISV. SunTrust Banks restated a “positive” rating and set a $140.00 price objective on shares of Fiserv in a research note on Wednesday, February 5th. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research note on Monday, November 11th. Canaccord Genuity restated a “buy” rating and set a $152.00 price objective (up from $130.00) on shares of Fiserv in a research note on Wednesday, February 5th. Stephens raised their price objective on Fiserv from $117.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank raised their price objective on Fiserv from $120.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th.

Shares of FISV opened at $122.32 on Friday. The business’s fifty day moving average price is $119.17 and its 200 day moving average price is $110.83. Fiserv has a 12-month low of $81.62 and a 12-month high of $125.05. The stock has a market capitalization of $82.31 billion, a PE ratio of 67.58, a price-to-earnings-growth ratio of 1.72 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, February 4th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Fiserv had a return on equity of 11.78% and a net margin of 8.77%. The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter last year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 160.8% compared to the same quarter last year. As a group, research analysts anticipate that Fiserv will post 4.96 earnings per share for the current fiscal year.

In related news, Director Harry Disimone bought 900 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $116.04 per share, with a total value of $104,436.00. Following the completion of the transaction, the director now directly owns 5,929 shares of the company’s stock, valued at $688,001.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $115.59, for a total value of $2,889,750.00. Following the completion of the sale, the chief executive officer now directly owns 223,339 shares in the company, valued at $25,815,755.01. The disclosure for this sale can be found here. Insiders sold 153,500 shares of company stock worth $17,736,870 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of FISV. Braun Bostich & Associates Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at $26,000. Savior LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $28,000. Cordasco Financial Network acquired a new position in shares of Fiserv during the third quarter valued at $29,000. Howard Wealth Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $32,000. Finally, Virtus ETF Advisers LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $32,000. 92.62% of the stock is currently owned by institutional investors.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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