Shares of Fiserv, Inc. (NASDAQ:FISV) have been given a consensus rating of “Hold” by the sixteen research firms that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $129.67.
Several brokerages have recently weighed in on FISV. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Robert W. Baird restated an “outperform” rating and set a $146.00 price objective (up from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Fiserv in a report on Sunday, October 8th.
Shares of Fiserv (NASDAQ:FISV) opened at $130.56 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv has a fifty-two week low of $102.60 and a fifty-two week high of $133.11. The firm has a market capitalization of $27,275.31, a P/E ratio of 26.88, a PEG ratio of 2.24 and a beta of 0.82.
In other news, Director Kim M. Robak sold 6,124 shares of Fiserv 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 directly owns 42,141 shares in the company, valued at approximately $5,248,240.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the completion of the transaction, the insider now owns 313,835 shares in the company, valued at $39,926,088.70. The disclosure for this sale can be found here. Insiders sold a total of 42,124 shares of company stock worth $5,316,303 over the last quarter. Company insiders own 1.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Fiserv by 8.2% in the 2nd quarter. Parallel Advisors LLC now owns 849 shares of the business services provider’s stock worth $109,000 after purchasing an additional 64 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Fiserv in the 2nd quarter worth $122,000. Sun Life Financial INC boosted its position in shares of Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares in the last quarter. Pegasus Partners Ltd. acquired a new stake in shares of Fiserv in the 2nd quarter worth $200,000. Finally, Tdam USA Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth $201,000. Institutional investors and hedge funds own 88.62% of the company’s stock.
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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