Fiserv, Inc. (NASDAQ:FISV) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Fiserv, Inc. (NASDAQ:FISVGet Rating) have been assigned a consensus recommendation of “Buy” from the twenty-nine brokerages that are covering the stock, Marketbeat reports. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $126.20.

Several equities research analysts have recently issued reports on FISV shares. Citigroup lowered their price target on Fiserv from $132.00 to $126.00 and set a “buy” rating on the stock in a research report on Wednesday, January 26th. Rosenblatt Securities lowered their price target on Fiserv from $131.00 to $127.00 and set a “buy” rating on the stock in a research report on Wednesday, February 9th. Raymond James lowered their price target on Fiserv from $122.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. TheStreet upgraded shares of Fiserv from a “c+” rating to a “b” rating in a research note on Thursday, April 28th. Finally, Morgan Stanley reduced their target price on shares of Fiserv from $117.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 9th.

Fiserv stock traded up $0.89 during mid-day trading on Friday, hitting $95.28. 13,270 shares of the company’s stock were exchanged, compared to its average volume of 3,647,391. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.64. The stock has a market cap of $62.13 billion, a P/E ratio of 37.29, a P/E/G ratio of 1.08 and a beta of 0.79. Fiserv has a 1-year low of $89.91 and a 1-year high of $119.86. The stock has a 50 day moving average of $99.03 and a two-hundred day moving average of $100.74.

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

In related news, COO Guy Chiarello sold 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 28th. The shares were sold at an average price of $104.31, for a total value of $4,485,330.00. Following the completion of the sale, the chief operating officer now owns 216,864 shares of the company’s stock, valued at $22,621,083.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact purchased 67,050 shares of the stock in a transaction that occurred on Friday, May 6th. The stock was bought at an average cost of $94.96 per share, with a total value of $6,367,068.00. Following the acquisition, the director now owns 13,214,826 shares of the company’s stock, valued at $1,254,879,876.96. The disclosure for this purchase can be found here. Insiders bought 612,575 shares of company stock valued at $57,795,360 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rockland Trust Co. acquired a new stake in Fiserv during the 4th quarter worth $230,000. Corient Capital Partners LLC boosted its position in shares of Fiserv by 43.9% during the third quarter. Corient Capital Partners LLC now owns 21,269 shares of the business services provider’s stock worth $2,308,000 after purchasing an additional 6,486 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Fiserv by 56.1% during the fourth quarter. ProShare Advisors LLC now owns 1,209,859 shares of the business services provider’s stock worth $125,570,000 after purchasing an additional 434,585 shares in the last quarter. CWM LLC bought a new position in shares of Fiserv during the fourth quarter worth $3,615,000. Finally, Maryland Capital Management boosted its position in shares of Fiserv by 0.7% during the third quarter. Maryland Capital Management now owns 255,068 shares of the business services provider’s stock worth $27,674,000 after purchasing an additional 1,759 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

About Fiserv (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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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