Fiserv (NASDAQ:FISV) PT Raised to $145.00

Fiserv (NASDAQ:FISVGet Rating) had its price target lifted by Mizuho from $140.00 to $145.00 in a research report issued to clients and investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Mizuho’s price objective would indicate a potential upside of 36.50% from the stock’s current price.

A number of other analysts have also recently weighed in on FISV. TheStreet cut Fiserv from a “b-” rating to a “c+” rating in a research report on Friday, July 8th. Cowen cut Fiserv from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $144.00 to $126.00 in a report on Tuesday, April 12th. Cowen cut Fiserv from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $144.00 to $126.00 in a report on Tuesday, April 12th. The Goldman Sachs Group initiated coverage on Fiserv in a report on Tuesday, May 17th. They issued a “neutral” rating and a $108.00 price target for the company. Finally, Robert W. Baird reduced their price target on Fiserv from $144.00 to $132.00 in a report on Wednesday, July 13th. Eleven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $123.46.

Fiserv Stock Up 0.1 %

Fiserv stock opened at $106.23 on Monday. Fiserv has a twelve month low of $87.03 and a twelve month high of $119.86. The stock has a 50 day moving average of $95.88 and a two-hundred day moving average of $98.15. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $67.94 billion, a price-to-earnings ratio of 34.49, a PEG ratio of 1.21 and a beta of 0.88.

Fiserv (NASDAQ:FISVGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.01. Fiserv had a return on equity of 12.40% and a net margin of 11.92%. The company had revenue of $4.45 billion during the quarter, compared to analysts’ expectations of $4.06 billion. During the same period last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, research analysts expect that Fiserv will post 6.49 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 4,000 shares of Fiserv stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $105.00, for a total value of $420,000.00. Following the completion of the sale, the chief operating officer now owns 212,864 shares of the company’s stock, valued at $22,350,720. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Holdings L.P. Valueact bought 291,659 shares of Fiserv stock in a transaction that occurred on Monday, June 13th. The shares were purchased at an average price of $89.65 per share, for a total transaction of $26,147,229.35. Following the completion of the acquisition, the director now owns 14,439,435 shares of the company’s stock, valued at $1,294,495,347.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 4,000 shares of Fiserv stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $105.00, for a total value of $420,000.00. Following the completion of the transaction, the chief operating officer now owns 212,864 shares in the company, valued at approximately $22,350,720. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,291,659 shares of company stock valued at $120,349,222 and sold 49,000 shares valued at $5,072,700. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Fiserv by 0.7% during the first quarter. Vanguard Group Inc. now owns 47,887,053 shares of the business services provider’s stock worth $4,855,747,000 after purchasing an additional 346,470 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Fiserv by 2.1% during the first quarter. BlackRock Inc. now owns 41,143,679 shares of the business services provider’s stock worth $4,171,970,000 after purchasing an additional 834,377 shares in the last quarter. Dodge & Cox lifted its stake in shares of Fiserv by 38.8% during the fourth quarter. Dodge & Cox now owns 35,432,277 shares of the business services provider’s stock worth $3,677,516,000 after purchasing an additional 9,901,409 shares in the last quarter. Harris Associates L P lifted its stake in shares of Fiserv by 3.0% during the first quarter. Harris Associates L P now owns 24,085,796 shares of the business services provider’s stock worth $2,442,300,000 after purchasing an additional 704,434 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Fiserv by 3.5% during the fourth quarter. State Street Corp now owns 24,070,923 shares of the business services provider’s stock worth $2,498,321,000 after purchasing an additional 820,147 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Fiserv Company Profile

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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