Fiserv (NASDAQ:FISV) Research Coverage Started at Canaccord Genuity

Canaccord Genuity began coverage on shares of Fiserv (NASDAQ:FISV) in a report published on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $130.00 target price on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. Oppenheimer upped their price objective on Fiserv from $97.00 to $105.00 and gave the stock an outperform rating in a research note on Wednesday, June 12th. Atlantic Securities assumed coverage on Fiserv in a research note on Tuesday, September 3rd. They issued a neutral rating and a $131.00 price objective for the company. ValuEngine lowered Fiserv from a hold rating to a sell rating in a research note on Thursday, September 5th. Deutsche Bank upgraded Fiserv from a hold rating to a buy rating and upped their price objective for the stock from $100.00 to $120.00 in a research note on Tuesday, July 30th. Finally, Susquehanna Bancshares assumed coverage on Fiserv in a research note on Friday, May 31st. They issued a neutral rating and a $95.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $100.72.

NASDAQ:FISV opened at $102.60 on Thursday. The company has a debt-to-equity ratio of 5.40, a current ratio of 4.97 and a quick ratio of 4.97. The firm has a market capitalization of $40.83 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.30 and a beta of 0.79. Fiserv has a one year low of $68.45 and a one year high of $109.92. The business has a fifty day moving average price of $105.28 and a 200-day moving average price of $92.51.



Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. Fiserv’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. On average, equities research analysts expect that Fiserv will post 3.76 earnings per share for the current fiscal year.

In other news, EVP Christopher M. Foskett sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the transaction, the executive vice president now owns 140,248 shares in the company, valued at $14,916,777.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the transaction, the insider now owns 372,447 shares of the company’s stock, valued at approximately $40,112,541.90. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock valued at $13,905,850 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Close Asset Management Ltd grew its position in shares of Fiserv by 3.6% during the second 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 grew its position in shares of Fiserv by 556.0% during the second quarter. First Hawaiian Bank now owns 3,398 shares of the business services provider’s stock valued at $310,000 after purchasing an additional 2,880 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Fiserv by 3.6% during the second quarter. Commonwealth Equity Services LLC now owns 44,087 shares of the business services provider’s stock valued at $4,018,000 after purchasing an additional 1,539 shares in the last quarter. Hartford Investment Management Co. grew its position in shares of Fiserv by 0.7% during the second quarter. Hartford Investment Management Co. now owns 43,219 shares of the business services provider’s stock valued at $3,940,000 after purchasing an additional 302 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Fiserv by 9,000.0% during the second quarter. Valeo Financial Advisors LLC now owns 546 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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; 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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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