Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald in a research note issued on Wednesday. They currently have a $126.00 price target on the business services provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 8.34% from the company’s current price.
The analysts wrote, “Foresi’s Take. FISV reported fourth-quarter top-line results slightly above expectations. The company issued 2018 guidance, with top-line projections generally in line with expectations. Management expects internal revenue growth to be at least 4.5% in 2018, up slightly from 4% internal growth in 2017. EPS should get a significant boost from tax reform, as the effective tax rate is now expected to be about 10% lower than previously projected. Fiserv expects 10-30bps of margin expansion for all of 2018, with about a 100bp headwind from the sale of the lending solutions business and accelerated investment of tax savings.””
Other equities research analysts also recently issued research reports about the company. Robert W. Baird raised their target price on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Argus set a $148.00 target price on Fiserv and gave the company a “buy” rating in a report on Friday, January 12th. SunTrust Banks reissued a “hold” rating and issued a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. BidaskClub raised Fiserv from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Finally, Guggenheim reissued a “buy” rating and issued a $160.00 target price on shares of Fiserv in a report on Monday, January 29th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $139.86.
Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $1.16 earnings per share. Fiserv’s quarterly revenue was up 5.9% compared to the same quarter last year. equities analysts anticipate that Fiserv will post 6.18 EPS for the current fiscal year.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the sale, the insider now owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,439 shares of company stock valued at $6,605,353. Company insiders own 1.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Coastline Trust Co purchased a new stake in Fiserv during the 3rd quarter worth about $202,000. Univest Corp of Pennsylvania purchased a new stake in Fiserv in the 4th quarter valued at about $202,000. Paragon Capital Management Ltd purchased a new stake in Fiserv in the 3rd quarter valued at about $206,000. Associated Banc Corp purchased a new stake in Fiserv in the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in Fiserv in the 4th quarter valued at about $267,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.
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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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