Traders bought shares of Fiserv Inc (NASDAQ:FISV) on weakness during trading hours on Tuesday. $77.82 million flowed into the stock on the tick-up and $56.49 million flowed out of the stock on the tick-down, for a money net flow of $21.33 million into the stock. Of all equities tracked, Fiserv had the 28th highest net in-flow for the day. Fiserv traded down ($1.54) for the day and closed at $85.01
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Keefe, Bruyette & Woods initiated coverage on shares of Fiserv in a research note on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. Cantor Fitzgerald restated a “hold” rating and issued a $83.00 target price on shares of Fiserv in a research note on Friday, February 8th. Finally, Buckingham Research initiated coverage on shares of Fiserv in a research note on Thursday, February 7th. They issued a “buy” rating and a $100.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Fiserv has an average rating of “Hold” and an average target price of $87.29.
The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $33.44 billion, a PE ratio of 27.51, a PEG ratio of 2.09 and a beta of 0.83.
In related news, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $87.01, for a total transaction of $948,757.04. Following the completion of the sale, the director now owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total transaction of $4,242,500.00. Following the sale, the insider now directly owns 441,112 shares of the company’s stock, valued at approximately $37,428,353.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,912 shares of company stock valued at $11,685,371. Insiders own 1.70% of the company’s stock.
Large investors have recently made changes to their positions in the stock. LMR Partners LLP bought a new stake in shares of Fiserv during the 4th quarter valued at about $267,000. CHICAGO TRUST Co NA grew its position in Fiserv by 6.7% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,600 shares of the business services provider’s stock worth $848,000 after purchasing an additional 600 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in Fiserv in the 4th quarter worth about $800,000. Davis R M Inc. bought a new position in Fiserv in the 4th quarter worth about $401,000. Finally, Hoylecohen LLC bought a new position in Fiserv in the 4th quarter worth about $205,000. 88.83% of the stock is owned by institutional investors and hedge funds.
Fiserv Company Profile (NASDAQ:FISV)
Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.
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