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.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts anticipate that Fiserv will post 5.08 EPS for the current year.

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.

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About Fiserv

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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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