Fiserv (FISV) Given Hold Rating at Stephens

Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by research analysts at Stephens in a research note issued to investors on Friday. They currently have a $146.00 price target on the business services provider’s stock. Stephens’ price objective would indicate a potential upside of 6.21% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. BMO Capital Markets boosted their target price on shares of Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research report on Thursday. Guggenheim reissued a “buy” rating and issued a $160.00 target price on shares of Fiserv in a research report on Monday, January 29th. Argus set a $148.00 target price on shares of Fiserv and gave the stock a “buy” rating in a research report on Friday, January 12th. Barclays reissued a “hold” rating and issued a $141.00 target price on shares of Fiserv in a research report on Friday, January 5th. Finally, Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $139.86.

Fiserv (NASDAQ:FISV) traded up $4.41 during trading on Friday, reaching $137.46. 2,363,688 shares of the company traded hands, compared to its average volume of 1,305,198. The stock has a market cap of $27,727.54, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. Fiserv has a 12-month low of $108.85 and a 12-month high of $144.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.01.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. sell-side analysts predict that Fiserv will post 6.15 earnings per share for the current year.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the completion of the sale, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the sale, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,439 shares of company stock valued at $6,605,353. Insiders own 1.80% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Suntrust Banks Inc. boosted its stake in Fiserv by 15.1% during the 4th quarter. Suntrust Banks Inc. now owns 10,918 shares of the business services provider’s stock valued at $1,430,000 after purchasing an additional 1,436 shares during the period. Timber Hill LLC acquired a new position in Fiserv during the 4th quarter valued at about $985,000. Citizens Financial Group Inc RI boosted its stake in Fiserv by 1.6% during the 4th quarter. Citizens Financial Group Inc RI now owns 69,572 shares of the business services provider’s stock valued at $9,124,000 after purchasing an additional 1,115 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in Fiserv by 3.0% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 67,957 shares of the business services provider’s stock valued at $8,911,000 after purchasing an additional 1,984 shares during the period. Finally, American International Group Inc. boosted its stake in Fiserv by 5.6% during the 4th quarter. American International Group Inc. now owns 104,863 shares of the business services provider’s stock valued at $13,751,000 after purchasing an additional 5,600 shares during the period. 88.49% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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