Investors Buy Shares of Fiserv (FISV) on Weakness

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.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts forecast that Fiserv Inc will post 3.45 earnings per share for the current year.

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.

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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.

See Also: Ex-Dividend

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