Monness Crespi & Hardt upgraded shares of Fiserv Inc. (NASDAQ:FISV) from a neutral rating to a buy rating in a research report report published on Tuesday morning. The firm currently has $115.00 price objective on the stock.
Other equities analysts have also recently issued reports about the stock. Jefferies Group reaffirmed a buy rating and issued a $121.00 target price on shares of Fiserv in a report on Monday, September 26th. Zacks Investment Research raised shares of Fiserv from a hold rating to a buy rating and set a $117.00 target price on the stock in a report on Thursday, August 4th. Barclays PLC lifted their target price on shares of Fiserv from $93.00 to $100.00 and gave the company an equal weight rating in a report on Thursday, July 7th. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $112.00 target price on shares of Fiserv in a report on Wednesday, August 3rd. Finally, Credit Suisse Group AG reissued a hold rating and issued a $101.00 price objective on shares of Fiserv in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Fiserv presently has a consensus rating of Hold and a consensus target price of $106.00.
Shares of Fiserv (NASDAQ:FISV) traded up 0.43% during midday trading on Tuesday, hitting $99.32. 204,145 shares of the stock were exchanged. The firm has a market cap of $21.83 billion, a PE ratio of 25.21 and a beta of 0.91. Fiserv has a 12-month low of $85.63 and a 12-month high of $111.51. The firm has a 50-day moving average price of $101.51 and a 200 day moving average price of $103.67.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, August 2nd. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Fiserv had a net margin of 16.89% and a return on equity of 35.52%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. Analysts predict that Fiserv will post $4.44 earnings per share for the current fiscal year.
In other Fiserv news, insider Rahul Gupta sold 15,225 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $101.02, for a total transaction of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares in the company, valued at approximately $6,680,351.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 12,000 shares of the business’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $110.80, for a total transaction of $1,329,600.00. Following the sale, the insider now owns 344,994 shares in the company, valued at $38,225,335.20. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock valued at $120,000 after buying an additional 947 shares in the last quarter. Global X Management Co. LLC raised its stake in Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock valued at $127,000 after buying an additional 577 shares in the last quarter. Financial Architects Inc raised its stake in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in Fiserv during the first quarter valued at approximately $141,000. Finally, Ropes Wealth Advisors LLC raised its stake in Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock valued at $153,000 after buying an additional 1,158 shares in the last quarter. Institutional investors own 87.25% of the company’s stock.
Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.
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