Fiserv Inc (NASDAQ:FISV) has been given an average recommendation of “Buy” by the thirty-one brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $109.72.
FISV has been the subject of a number of recent research reports. ValuEngine lowered Fiserv from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. Citigroup raised Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. began coverage on Fiserv in a research report on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective for the company. SunTrust Banks increased their price objective on Fiserv from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Atlantic Securities started coverage on shares of Fiserv in a report on Tuesday, September 3rd. They issued a “neutral” rating and a $131.00 target price on the stock.
NASDAQ FISV traded down $0.30 on Monday, reaching $114.49. 2,212,191 shares of the company’s stock traded hands, compared to its average volume of 4,418,761. The stock has a market cap of $77.84 billion, a PE ratio of 36.93, a P/E/G ratio of 2.42 and a beta of 0.80. Fiserv has a 12 month low of $68.45 and a 12 month high of $117.04. The stock has a 50-day simple moving average of $109.95 and a 200 day simple moving average of $101.42. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.
In other news, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total value of $2,658,250.00. Following the completion of the transaction, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Guy Chiarello sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $114.28, for a total value of $3,428,400.00. Following the completion of the transaction, the insider now owns 326,103 shares of the company’s stock, valued at approximately $37,267,050.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,000 shares of company stock worth $13,573,170. Insiders own 1.40% of the company’s stock.
Several institutional investors have recently modified their holdings of FISV. ETF Managers Group LLC increased its position in Fiserv by 44.3% during the 2nd quarter. ETF Managers Group LLC now owns 345,087 shares of the business services provider’s stock valued at $31,344,000 after buying an additional 105,957 shares in the last quarter. Close Asset Management Ltd increased its stake in Fiserv by 3.6% during the 2nd quarter. Close Asset Management Ltd now owns 1,107,701 shares of the business services provider’s stock valued at $100,972,000 after purchasing an additional 38,799 shares in the last quarter. First Hawaiian Bank raised its holdings in Fiserv by 556.0% in the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock worth $310,000 after buying an additional 2,880 shares during the last quarter. Conning Inc. raised its holdings in Fiserv by 13.1% in the third quarter. Conning Inc. now owns 8,027 shares of the business services provider’s stock worth $832,000 after buying an additional 930 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in Fiserv by 3.6% in the second quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock worth $4,018,000 after buying an additional 1,539 shares during the last quarter. Institutional investors own 92.69% of the company’s stock.
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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