Fiserv Inc (FISV) Rating Reiterated by Wedbush
Fiserv Inc (NASDAQ:FISV)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued on Tuesday. They currently have a $146.25 price target on the business services provider’s stock, up from their prior price target of $115.00. Wedbush’s target price indicates a potential upside of 17.54% from the company’s current price.
A number of other equities analysts also recently weighed in on FISV. Cantor Fitzgerald increased their price target on shares of Fiserv from $100.00 to $107.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $127.00 price target on shares of Fiserv in a research note on Thursday, February 9th. Northcoast Research reaffirmed a “neutral” rating on shares of Fiserv in a research note on Thursday, February 9th. Guggenheim started coverage on shares of Fiserv in a research note on Friday, March 31st. They set a “neutral” rating and a $118.00 price target on the stock. Finally, Vetr raised shares of Fiserv from a “sell” rating to a “buy” rating and set a $121.50 price target on the stock in a research note on Monday, April 3rd. Twelve analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $117.78.
Shares of Fiserv (FISV) traded down 0.82% during mid-day trading on Tuesday, reaching $124.43. The company’s stock had a trading volume of 1,153,764 shares. Fiserv has a 1-year low of $92.81 and a 1-year high of $126.28. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of 31.08 and a beta of 0.80. The firm’s 50 day moving average price is $120.83 and its 200-day moving average price is $113.48.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. Fiserv’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share. On average, analysts predict that Fiserv will post $5.13 EPS for the current year.
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In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total transaction of $240,380.00. Following the completion of the transaction, the insider now directly owns 337,151 shares of the company’s stock, valued at approximately $40,522,178.69. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffery W. Yabuki sold 15,000 shares of the firm’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the transaction, the insider now directly owns 339,151 shares of the company’s stock, valued at $39,470,393.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,000 shares of company stock valued at $6,051,120. 1.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FISV. Marvin & Palmer Associates Inc. raised its position in Fiserv by 27.8% in the third quarter. Marvin & Palmer Associates Inc. now owns 22,105 shares of the business services provider’s stock valued at $2,199,000 after buying an additional 4,805 shares during the period. Puzo Michael J raised its position in Fiserv by 11.4% in the third quarter. Puzo Michael J now owns 45,065 shares of the business services provider’s stock worth $4,484,000 after buying an additional 4,610 shares during the last quarter. Gardiner Nancy B raised its position in Fiserv by 7.2% in the third quarter. Gardiner Nancy B now owns 11,443 shares of the business services provider’s stock worth $1,138,000 after buying an additional 773 shares during the last quarter. Peloton Wealth Strategists purchased a new position in Fiserv during the third quarter worth about $2,228,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Fiserv by 14.2% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 17,041 shares of the business services provider’s stock worth $1,700,000 after buying an additional 2,123 shares during the last quarter. 86.46% of the stock is owned by institutional investors and hedge funds.
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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