Fiserv (NASDAQ:FISV) PT Lowered to $125.00

Fiserv (NASDAQ:FISVGet Rating) had its price objective reduced by Barclays from $128.00 to $125.00 in a report issued on Monday, The Fly reports. Barclays currently has an overweight rating on the business services provider’s stock.

Other research analysts also recently issued reports about the stock. Moffett Nathanson lowered their price target on shares of Fiserv to $140.00 in a report on Tuesday, November 1st. StockNews.com started coverage on shares of Fiserv in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Raymond James cut their price target on shares of Fiserv from $117.00 to $109.00 and set an outperform rating on the stock in a research report on Tuesday, October 18th. Credit Suisse Group cut their price target on shares of Fiserv from $120.00 to $115.00 and set an outperform rating on the stock in a research report on Friday, October 28th. Finally, Mizuho dropped their price objective on shares of Fiserv from $145.00 to $135.00 and set a buy rating on the stock in a report on Monday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $120.70.

Fiserv Trading Up 1.4 %

Shares of NASDAQ:FISV opened at $105.55 on Monday. Fiserv has a 12-month low of $87.03 and a 12-month high of $110.94. The stock has a market cap of $67.03 billion, a PE ratio of 33.09, a P/E/G ratio of 1.12 and a beta of 0.87. The business has a 50 day moving average of $101.45 and a 200-day moving average of $101.15. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.67.

Fiserv (NASDAQ:FISVGet Rating) last released its quarterly earnings results on Thursday, October 27th. The business services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.07). Fiserv had a net margin of 11.98% and a return on equity of 12.74%. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.27 billion. As a group, equities research analysts forecast that Fiserv will post 6.49 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 4,550 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $103.30, for a total transaction of $470,015.00. Following the sale, the chief operating officer now owns 224,003 shares of the company’s stock, valued at $23,139,509.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Fiserv news, COO Guy Chiarello sold 4,550 shares of Fiserv stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $103.30, for a total value of $470,015.00. Following the completion of the transaction, the chief operating officer now directly owns 224,003 shares of the company’s stock, valued at $23,139,509.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Holdings L.P. Valueact sold 1,060,030 shares of Fiserv stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $102.23, for a total transaction of $108,366,866.90. Following the completion of the transaction, the director now directly owns 13,587,746 shares of the company’s stock, valued at $1,389,075,273.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,746,531 shares of company stock valued at $178,071,266. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AMI Investment Management Inc. boosted its position in shares of Fiserv by 33.6% in the first quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after purchasing an additional 7,047 shares during the period. American Century Companies Inc. boosted its position in shares of Fiserv by 10.4% during the first quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock worth $936,000 after acquiring an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Fiserv by 158.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 590 shares in the last quarter. Prudential PLC purchased a new stake in Fiserv during the first quarter valued at $1,095,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Fiserv during the first quarter valued at $357,000. 88.79% of the stock is owned by hedge funds and other institutional investors.

About Fiserv

(Get Rating)

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world.

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