Fiserv’s (FISV) “Hold” Rating Reaffirmed at Barclays

Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by equities researchers at Barclays in a report released on Friday. They currently have a $141.00 price objective on the business services provider’s stock. Barclays’ price target points to a potential upside of 5.81% from the company’s current price.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Fiserv from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. Cowen reissued a “hold” rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and issued a $130.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and a consensus price target of $131.70.

Shares of Fiserv (NASDAQ:FISV) opened at $133.26 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv has a 12-month low of $104.51 and a 12-month high of $133.40. The company has a market capitalization of $27,390.00, a price-to-earnings ratio of 31.65, a P/E/G ratio of 1.98 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.03). Fiserv had a net margin of 16.31% and a return on equity of 43.56%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the business earned $1.14 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts predict that Fiserv will post 5.08 EPS for the current fiscal year.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares of the company’s stock, valued at $39,926,088.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the transaction, the insider now directly owns 236,835 shares in the company, valued at approximately $30,397,772.25. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock worth $6,412,063 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in shares of Fiserv in the second quarter worth about $122,000. Sun Life Financial INC raised its stake in shares of Fiserv by 11,838.5% in the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after buying an additional 1,539 shares during the period. Coastline Trust Co bought a new position in shares of Fiserv in the third quarter worth about $202,000. Paragon Capital Management Ltd bought a new position in shares of Fiserv in the third quarter worth about $206,000. Finally, Trustmark National Bank Trust Department bought a new position in shares of Fiserv in the second quarter worth about $204,000. 88.47% of the stock is currently owned by hedge funds and other institutional investors.

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Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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