Fiserv (NASDAQ:FISV) Sets New 52-Week High at $115.15

Fiserv Inc (NASDAQ:FISV) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $115.15 and last traded at $114.82, with a volume of 38033 shares traded. The stock had previously closed at $114.50.

A number of research firms have recently commented on FISV. JPMorgan Chase & Co. began coverage on Fiserv in a research note on Wednesday, October 30th. They issued a “neutral” rating and a $119.00 price objective on the stock. Citigroup raised Fiserv from a “neutral” rating to a “buy” rating in a research note on Thursday, August 29th. Robert W. Baird boosted their price objective on Fiserv from $122.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Oppenheimer boosted their price objective on Fiserv from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Argus reissued a “buy” rating on shares of Fiserv in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $108.80.

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market capitalization of $77.45 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 2.37 and a beta of 0.78. The company has a 50-day moving average price of $106.18 and a 200-day moving average price of $98.79.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same period last year, the company earned $0.87 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Equities analysts predict that Fiserv Inc will post 4 EPS for the current year.

In other news, insider Lynn S. Mccreary sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $111.39, for a total value of $2,005,020.00. Following the transaction, the insider now directly owns 70,364 shares in the company, valued at approximately $7,837,845.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher M. Foskett sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $106.36, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 144,000 shares of company stock worth $15,427,270 over the last 90 days. 1.40% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of FISV. Baystate Wealth Management LLC boosted its holdings in Fiserv by 13.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 4,719 shares of the business services provider’s stock valued at $437,000 after purchasing an additional 568 shares during the period. Fulton Bank N.A. raised its holdings in shares of Fiserv by 7.0% during the second quarter. Fulton Bank N.A. now owns 18,407 shares of the business services provider’s stock valued at $1,678,000 after purchasing an additional 1,204 shares during the last quarter. Summit Financial Group Inc. raised its holdings in shares of Fiserv by 1.7% during the second quarter. Summit Financial Group Inc. now owns 19,916 shares of the business services provider’s stock valued at $1,816,000 after purchasing an additional 338 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Fiserv by 12.4% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 20,313 shares of the business services provider’s stock valued at $1,852,000 after purchasing an additional 2,242 shares during the last quarter. Finally, Cooper Financial Group purchased a new position in shares of Fiserv during the second quarter valued at approximately $212,000.

About Fiserv (NASDAQ:FISV)

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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