Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $117.27, for a total value of $1,993,590.00. Following the completion of the transaction, the insider now owns 354,151 shares in the company, valued at approximately $41,531,287.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Fiserv Inc (NASDAQ:FISV) opened at 116.70 on Tuesday. The stock’s 50 day moving average price is $112.83 and its 200 day moving average price is $105.79. The stock has a market cap of $25.04 billion, a price-to-earnings ratio of 28.12 and a beta of 0.80. Fiserv Inc has a 12-month low of $92.81 and a 12-month high of $118.30.
Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, February 8th. The company reported $1.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.16. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Analysts forecast that Fiserv Inc will post $5.11 EPS for the current fiscal year.
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Large investors have recently added to or reduced their stakes in the company. First Financial Bank N.A. Trust Division boosted its stake in Fiserv by 0.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 2,436 shares of the company’s stock valued at $242,000 after buying an additional 11 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Fiserv by 13.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 51,490 shares of the company’s stock valued at $5,122,000 after buying an additional 6,113 shares during the period. Woodstock Corp boosted its stake in Fiserv by 43.7% in the third quarter. Woodstock Corp now owns 23,440 shares of the company’s stock valued at $2,332,000 after buying an additional 7,125 shares during the period. Liberty Capital Management Inc. boosted its stake in Fiserv by 0.6% in the third quarter. Liberty Capital Management Inc. now owns 37,185 shares of the company’s stock valued at $3,678,000 after buying an additional 205 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in Fiserv by 0.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 7,193 shares of the company’s stock valued at $715,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 86.46% of the company’s stock.
A number of research analysts have weighed in on the company. Northcoast Research restated a “neutral” rating on shares of Fiserv in a report on Thursday, February 9th. BMO Capital Markets assumed coverage on Fiserv in a report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price objective on the stock. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Monness Crespi & Hardt raised their price objective on Fiserv from $115.00 to $118.00 and gave the company a “buy” rating in a report on Monday, January 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $127.00 price objective on shares of Fiserv in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.29.
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.
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