Fiserv Inc (NASDAQ:FISV)’s share price reached a new 52-week high and low on Thursday . The stock traded as low as $76.78 and last traded at $76.47, with a volume of 52692 shares traded. The stock had previously closed at $76.21.
A number of equities analysts have recently commented on the company. Stephens restated a “hold” rating and issued a $73.00 price objective on shares of Fiserv in a report on Thursday, April 5th. Cowen restated a “hold” rating and issued a $68.00 price objective on shares of Fiserv in a report on Friday, March 23rd. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th. ValuEngine downgraded Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, March 22nd. Finally, Credit Suisse Group cut their price objective on Fiserv from $68.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, May 2nd. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Fiserv has a consensus rating of “Hold” and a consensus target price of $71.50.
The firm has a market cap of $30.76 billion, a P/E ratio of 29.86, a PEG ratio of 2.09 and a beta of 0.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.05 and a quick ratio of 1.05.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, May 1st. The business services provider reported $0.76 EPS for the quarter, beating the consensus estimate of $0.73 by $0.03. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Fiserv had a return on equity of 44.13% and a net margin of 24.76%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $1.13 EPS. analysts expect that Fiserv Inc will post 3.12 EPS for the current year.
In related news, insider Jeffery W. Yabuki sold 34,000 shares of the firm’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $73.43, for a total transaction of $2,496,620.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $72.26, for a total value of $3,613,000.00. Following the sale, the insider now owns 617,380 shares in the company, valued at $44,611,878.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,388 shares of company stock worth $10,472,613. Company insiders own 1.70% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Standard Life Aberdeen plc raised its holdings in shares of Fiserv by 1.0% during the 4th quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock valued at $6,326,000 after buying an additional 475 shares during the period. Eagle Asset Management Inc. grew its stake in Fiserv by 0.9% during the 4th quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock valued at $6,909,000 after purchasing an additional 485 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in Fiserv by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock valued at $2,656,000 after purchasing an additional 500 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Fiserv by 9.2% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,080 shares of the business services provider’s stock valued at $797,000 after purchasing an additional 512 shares in the last quarter. Finally, Cetera Advisor Networks LLC grew its stake in Fiserv by 26.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 2,840 shares of the business services provider’s stock valued at $372,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 88.09% of the company’s stock.
Fiserv Company Profile
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; 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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