Fiserv (NASDAQ:FISV) had its price target boosted by stock analysts at Oppenheimer from $97.00 to $105.00 in a report released on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 16.76% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. SunTrust Banks raised shares of Fiserv from a “hold” rating to a “buy” rating and lifted their price target for the company from $91.00 to $100.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Susquehanna Bancshares assumed coverage on shares of Fiserv in a research report on Friday, May 31st. They set a “neutral” rating and a $95.00 price target on the stock. BidaskClub raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, May 30th. Moffett Nathanson assumed coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 price target on the stock. Finally, Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. Fiserv currently has a consensus rating of “Buy” and an average price target of $91.45.
Shares of NASDAQ FISV traded up $0.29 during midday trading on Wednesday, reaching $89.93. 122,980 shares of the stock were exchanged, compared to its average volume of 4,824,764. The company has a market cap of $35.55 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Fiserv has a 52-week low of $68.45 and a 52-week high of $91.38. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07.
Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Fiserv’s revenue was up 4.3% compared to the same quarter last year. On average, analysts anticipate that Fiserv will post 3.45 EPS for the current year.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares in the company, valued at approximately $33,038,609.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $87.01, for a total value of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares of the company’s stock, valued at $7,448,926.10. The disclosure for this sale can be found here. Insiders have sold a total of 102,904 shares of company stock worth $8,738,657 in the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Creative Planning purchased a new position in Fiserv during the fourth quarter valued at approximately $0. Bremer Bank National Association purchased a new position in Fiserv during the first quarter valued at approximately $25,000. We Are One Seven LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. Sontag Advisory LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $27,000. Finally, Destination Wealth Management purchased a new position in Fiserv during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 87.39% of the company’s stock.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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