Royal Bank Of Canada restated their hold rating on shares of Fiserv, Inc. (NASDAQ:FISV) in a report issued on Sunday morning. The firm currently has a $128.00 target price on the business services provider’s stock.
A number of other research analysts have also recently commented on the company. BidaskClub cut Fiserv from a strong-buy rating to a buy rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded Fiserv from a hold rating to a buy rating and set a $140.00 price objective on the stock in a report on Wednesday, July 19th. Guggenheim upgraded Fiserv from a neutral rating to a buy rating and upped their price objective for the company from $131.00 to $136.00 in a report on Monday, July 17th. Robert W. Baird reiterated an outperform rating and issued a $134.00 price objective (up from $128.00) on shares of Fiserv in a report on Wednesday, June 14th. Finally, Cantor Fitzgerald reiterated a hold rating and issued a $118.00 price objective on shares of Fiserv in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $127.77.
Shares of Fiserv (FISV) opened at 126.74 on Friday. The stock has a 50 day moving average price of $125.25 and a 200 day moving average price of $122.68. Fiserv has a one year low of $92.81 and a one year high of $129.81. The stock has a market capitalization of $26.67 billion, a P/E ratio of 31.03 and a beta of 0.82.
Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. Equities analysts forecast that Fiserv will post $5.10 earnings per share for the current year.
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In related news, Director Kim M. Robak sold 6,124 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $124.54, for a total value of $762,682.96. Following the transaction, the director now owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the transaction, the insider now directly owns 269,151 shares in the company, valued at approximately $32,841,805.02. The disclosure for this sale can be found here. Insiders have sold 57,124 shares of company stock worth $7,113,543 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new position in Fiserv in the second quarter valued at $104,000. Parallel Advisors LLC boosted its stake in Fiserv by 8.2% in the second quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new position in Fiserv in the second quarter valued at $122,000. Trust Co. of Vermont boosted its stake in Fiserv by 53.3% in the second quarter. Trust Co. of Vermont now owns 1,303 shares of the business services provider’s stock valued at $159,000 after acquiring an additional 453 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,539 shares in the last quarter. 87.72% of the stock is currently owned by hedge funds and other institutional investors.
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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