Fiserv Inc (FISV) Given Consensus Rating of “Hold” by Brokerages

Fiserv Inc (NASDAQ:FISV) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $78.42.

A number of brokerages have recently commented on FISV. Citigroup raised their price target on Fiserv from $72.00 to $76.00 and gave the company a “neutral” rating in a report on Thursday, August 2nd. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a report on Friday, October 19th. Zacks Investment Research raised Fiserv from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Friday, August 3rd. Robert W. Baird lifted their target price on Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Finally, Argus set a $90.00 target price on Fiserv and gave the stock a “buy” rating in a report on Wednesday, September 19th.

Shares of FISV opened at $77.90 on Friday. The firm has a market cap of $31.54 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 2.16 and a beta of 0.79. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69. Fiserv has a one year low of $60.19 and a one year high of $82.79.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. Sell-side analysts anticipate that Fiserv will post 3.13 EPS for the current year.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $79.72, for a total transaction of $3,986,000.00. Following the transaction, the insider now directly owns 418,380 shares of the company’s stock, valued at $33,353,253.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 150,000 shares of company stock worth $11,864,000. 1.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Sonora Investment Management LLC purchased a new position in Fiserv in the 2nd quarter worth about $106,000. Fort L.P. purchased a new position in Fiserv in the 2nd quarter worth about $120,000. Braun Bostich & Associates Inc. increased its stake in Fiserv by 515.8% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,712 shares of the business services provider’s stock worth $127,000 after purchasing an additional 1,434 shares in the last quarter. Twin Tree Management LP purchased a new position in Fiserv in the 2nd quarter worth about $135,000. Finally, TRUE Private Wealth Advisors purchased a new position in Fiserv in the 3rd quarter worth about $143,000. 88.32% of the stock is currently owned by hedge funds and other institutional investors.

About Fiserv

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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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