Fiserv, Inc. (FISV) Stock Rating Reaffirmed by Robert W. Baird
Fiserv, Inc. (NASDAQ:FISV)‘s stock had its “buy” rating reaffirmed by analysts at Robert W. Baird in a research note issued on Friday. They presently have a $136.00 price target on the business services provider’s stock. Robert W. Baird’s target price indicates a potential upside of 10.88% from the stock’s previous close.
FISV has been the topic of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 target price (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub lowered Fiserv from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Barclays PLC restated an “equal weight” rating and issued a $123.00 target price (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Cowen and Company restated a “hold” rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, August 3rd. Finally, BMO Capital Markets raised their target price on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus target price of $127.05.
Fiserv (NASDAQ FISV) traded down 0.14% during midday trading on Friday, reaching $122.66. The company’s stock had a trading volume of 709,016 shares. Fiserv has a 52-week low of $92.81 and a 52-week high of $129.35. The firm has a market cap of $25.82 billion, a P/E ratio of 30.03 and a beta of 0.82. The firm has a 50 day moving average of $123.85 and a 200 day moving average of $120.96.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Analysts anticipate that Fiserv will post $5.10 earnings per share for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the sale, the insider now directly owns 286,151 shares of the company’s stock, valued at $36,060,749.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 51,000 shares of company stock valued at $6,342,700 over the last ninety days. 1.80% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of FISV. First Manhattan Co. increased its position in shares of Fiserv by 14.9% during the first quarter. First Manhattan Co. now owns 1,034 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 134 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of Fiserv during the second quarter valued at approximately $104,000. Parallel Advisors LLC increased its position in shares of Fiserv by 8.2% during 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 during the last quarter. Acrospire Investment Management LLC purchased a new stake in shares of Fiserv during the second quarter valued at approximately $122,000. Finally, Trust Co. of Vermont increased its position in shares of Fiserv by 53.3% during 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 during the last quarter. 87.72% of the stock is owned by institutional investors.
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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