Fiserv (NASDAQ:FISV) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Fiserv (NASDAQ:FISVGet Rating) in a research note released on Tuesday morning, The Fly reports. The firm issued a neutral rating on the business services provider’s stock.

Several other equities analysts have also recently issued reports on FISV. William Blair reiterated an outperform rating on shares of Fiserv in a research note on Wednesday, March 9th. Stephens assumed coverage on Fiserv in a research note on Wednesday, April 6th. They issued an equal weight rating and a $110.00 price objective for the company. StockNews.com assumed coverage on Fiserv in a research report on Thursday, March 31st. They set a hold rating on the stock. Cowen lowered Fiserv from an outperform rating to a market perform rating and cut their target price for the stock from $144.00 to $126.00 in a research report on Tuesday, April 12th. Finally, Wells Fargo & Company assumed coverage on Fiserv in a research report on Monday, April 4th. They set an overweight rating and a $122.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $126.96.

Shares of Fiserv stock opened at $97.71 on Tuesday. The business has a 50-day moving average of $99.05 and a 200 day moving average of $100.84. Fiserv has a 12 month low of $89.91 and a 12 month high of $119.86. The stock has a market capitalization of $63.71 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISVGet Rating) last announced its earnings results on Wednesday, April 27th. The business services provider reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the business posted $1.17 EPS. Fiserv’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Fiserv will post 6.48 earnings per share for the current year.

In other news, Director Holdings L.P. Valueact bought 112,575 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were bought at an average cost of $94.90 per share, for a total transaction of $10,683,367.50. Following the completion of the transaction, the director now owns 13,147,776 shares in the company, valued at $1,247,723,942.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 43,000 shares of the business’s stock in a transaction on Thursday, April 28th. The stock was sold at an average price of $104.31, for a total value of $4,485,330.00. Following the sale, the chief operating officer now owns 216,864 shares in the company, valued at $22,621,083.84. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 612,575 shares of company stock worth $57,795,360. Company insiders own 1.00% of the company’s stock.

Several large investors have recently modified their holdings of FISV. New World Advisors LLC purchased a new stake in shares of Fiserv in the third quarter valued at $225,000. EagleClaw Capital Managment LLC acquired a new position in shares of Fiserv during the 3rd quarter valued at about $2,057,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Fiserv by 7,292.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,573 shares of the business services provider’s stock worth $2,992,000 after acquiring an additional 27,200 shares during the period. O Shaughnessy Asset Management LLC boosted its position in shares of Fiserv by 16.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,697 shares of the business services provider’s stock worth $1,052,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Essex Financial Services Inc. grew its holdings in Fiserv by 6.7% in the third quarter. Essex Financial Services Inc. now owns 3,213 shares of the business services provider’s stock valued at $349,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

Fiserv Company Profile (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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