Fiserv, Inc. (FISV) Receives Consensus Recommendation of “Hold” from Analysts
Fiserv, Inc. (NASDAQ:FISV) has earned a consensus rating of “Hold” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $118.48.
A number of brokerages recently issued reports on FISV. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Thursday, April 20th. Cantor Fitzgerald raised their price objective on Fiserv from $107.00 to $118.00 and gave the stock a “neutral” rating in a research report on Friday, April 28th. Monness Crespi & Hardt raised their price objective on Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Vetr downgraded Fiserv from a “buy” rating to a “hold” rating and set a $121.50 price objective for the company. in a research report on Thursday, April 20th. Finally, Robert W. Baird reissued an “outperform” rating and set a $134.00 price objective (up from $128.00) on shares of Fiserv in a research report on Wednesday, June 14th.
Fiserv (FISV) opened at 122.77 on Monday. Fiserv has a 52-week low of $92.81 and a 52-week high of $127.10. The company has a market cap of $26.07 billion, a PE ratio of 30.67 and a beta of 0.80. The firm’s 50-day moving average is $123.39 and its 200-day moving average is $115.65.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, April 26th. The business services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Fiserv had a return on equity of 40.28% and a net margin of 15.95%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Fiserv will post $5.12 EPS for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $125.06, for a total value of $2,126,020.00. Following the completion of the transaction, the insider now directly owns 303,151 shares of the company’s stock, valued at approximately $37,912,064.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $120.19, for a total value 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 $40,522,178.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,000 shares of company stock valued at $6,183,550. 1.90% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in FISV. Thrivent Financial for Lutherans increased its position in shares of Fiserv by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 7,520 shares of the business services provider’s stock worth $799,000 after buying an additional 320 shares in the last quarter. Ibex Wealth Advisors increased its position in shares of Fiserv by 4.9% in the fourth quarter. Ibex Wealth Advisors now owns 16,631 shares of the business services provider’s stock worth $1,822,000 after buying an additional 782 shares in the last quarter. Kentucky Retirement Systems bought a new position in shares of Fiserv during the fourth quarter worth approximately $1,674,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Fiserv during the fourth quarter worth approximately $747,000. Finally, Pensionfund Sabic bought a new position in shares of Fiserv during the first quarter worth approximately $1,499,000. 88.03% of the stock is owned by 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.
Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.