Fiserv, Inc. (NASDAQ:FISV – Get Rating) has been assigned a consensus recommendation of “Buy” from the twenty-eight research firms that are covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $126.54.
A number of research analysts have issued reports on the stock. Loop Capital initiated coverage on shares of Fiserv in a report on Monday, May 2nd. They issued a “buy” rating and a $125.00 target price for the company. Stephens initiated coverage on shares of Fiserv in a research note on Wednesday, April 6th. They set an “equal weight” rating and a $110.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Fiserv in a research note on Monday, April 4th. They set an “overweight” rating and a $122.00 price objective for the company. William Blair restated an “outperform” rating on shares of Fiserv in a research report on Wednesday, March 9th. Finally, Cowen lowered shares of Fiserv from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $144.00 to $126.00 in a research report on Tuesday, April 12th.
Shares of Fiserv stock opened at $89.62 on Tuesday. Fiserv has a 12-month low of $89.24 and a 12-month high of $119.86. 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 $58.43 billion, a PE ratio of 35.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79. The company has a 50-day moving average of $98.47 and a two-hundred day moving average of $100.56.
In related news, Director Holdings L.P. Valueact bought 432,950 shares of the company’s stock in a transaction dated Monday, May 9th. The stock was bought at an average price of $94.11 per share, with a total value of $40,744,924.50. Following the transaction, the director now owns 13,647,776 shares of the company’s stock, valued at $1,284,392,199.36. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Guy Chiarello sold 10,000 shares of the business’s stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $100.04, for a total transaction of $1,000,400.00. The disclosure for this sale can be found here. Insiders bought a total of 612,575 shares of company stock valued at $57,795,360 in the last three months. Insiders own 1.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in Fiserv during the 1st quarter valued at about $29,000. Capital Advisors Ltd. LLC acquired a new position in Fiserv during the 4th quarter valued at about $30,000. Advocacy Wealth Management Services LLC boosted its stake in Fiserv by 100.0% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 147 shares during the period. Parkside Investments LLC acquired a new position in Fiserv during the 1st quarter valued at about $30,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $31,000. 97.24% of the stock is owned by institutional investors and hedge funds.
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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