Fiserv, Inc. (FISV) Given Outperform Rating at Robert W. Baird
Fiserv, Inc. (NASDAQ:FISV)‘s stock had its “outperform” rating reiterated by equities researchers at Robert W. Baird in a research note issued to investors on Tuesday. They presently have a $146.00 price target on the business services provider’s stock, up from their prior price target of $136.00. Robert W. Baird’s price target points to a potential upside of 14.50% from the company’s current price.
Several other analysts have also issued reports on FISV. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price objective (up from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. BidaskClub lowered shares of Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Barclays PLC reiterated an “equal weight” rating and set a $123.00 price target (up from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Cowen and Company reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a research note on Thursday, August 3rd. Finally, Credit Suisse Group boosted their price target on shares of Fiserv from $123.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $127.77.
Fiserv (NASDAQ FISV) traded up 0.27% on Tuesday, hitting $127.86. 471,280 shares of the stock were exchanged. The firm has a market cap of $26.91 billion, a PE ratio of 31.30 and a beta of 0.82. The stock’s 50 day moving average price is $124.93 and its 200 day moving average price is $122.56. Fiserv has a 52-week low of $92.81 and a 52-week high of $129.81.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. Equities research 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 company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 42,141 shares of the company’s stock, valued at $5,248,240.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $125.54, for a total value of $2,134,180.00. Following the completion of the transaction, the insider now directly owns 330,835 shares of the company’s stock, valued at $41,533,025.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,124 shares of company stock valued at $7,113,543. Corporate insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Gardiner Nancy B boosted its holdings in Fiserv by 6.5% in the first quarter. Gardiner Nancy B now owns 12,537 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 762 shares in the last quarter. Atria Investments LLC acquired a new position in Fiserv in the second quarter valued at approximately $201,000. Dupont Capital Management Corp boosted its holdings in Fiserv by 6.8% in the second quarter. Dupont Capital Management Corp now owns 12,967 shares of the business services provider’s stock valued at $1,586,000 after purchasing an additional 826 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in Fiserv by 2.2% in the second quarter. Great Lakes Advisors LLC now owns 17,228 shares of the business services provider’s stock valued at $2,108,000 after purchasing an additional 378 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its holdings in Fiserv by 755.0% in the second quarter. Nikko Asset Management Americas Inc. now owns 102,600 shares of the business services provider’s stock valued at $12,552,000 after purchasing an additional 90,600 shares in the last quarter. 87.72% of the stock is owned by hedge funds and other 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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