Fiserv, Inc. (NASDAQ:FISV) has been given an average recommendation of “Buy” by the thirty-five research firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $129.39.
A number of equities research analysts have recently issued reports on the company. Tigress Financial assumed coverage on Fiserv in a research report on Wednesday, December 23rd. They issued a “buy” rating for the company. Rosenblatt Securities upped their price target on Fiserv from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Sanford C. Bernstein assumed coverage on Fiserv in a research report on Wednesday, January 27th. They issued an “outperform” rating and a $124.00 price target for the company. Morgan Stanley upped their price target on Fiserv from $113.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, February 12th. Finally, KeyCorp upped their price target on Fiserv from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, February 10th.
NASDAQ:FISV opened at $123.85 on Thursday. Fiserv has a 12 month low of $91.40 and a 12 month high of $126.25. The stock has a 50 day moving average of $121.38 and a two-hundred day moving average of $111.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The firm has a market cap of $82.84 billion, a P/E ratio of 93.83, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85.
In other news, Director Denis Oleary purchased 9,100 shares of the firm’s stock in a transaction on Tuesday, February 16th. The shares were bought at an average cost of $110.99 per share, for a total transaction of $1,010,009.00. Following the completion of the purchase, the director now directly owns 74,478 shares of the company’s stock, valued at $8,266,313.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Guy Chiarello sold 30,000 shares of the company’s stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $125.67, for a total value of $3,770,100.00. Following the transaction, the insider now owns 290,874 shares in the company, valued at $36,554,135.58. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in FISV. Dodge & Cox acquired a new stake in shares of Fiserv in the fourth quarter valued at $722,901,000. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at $594,904,000. FMR LLC raised its stake in shares of Fiserv by 57.2% in the fourth quarter. FMR LLC now owns 8,031,427 shares of the business services provider’s stock valued at $914,459,000 after acquiring an additional 2,921,134 shares in the last quarter. BlackRock Inc. raised its stake in shares of Fiserv by 4.6% in the fourth quarter. BlackRock Inc. now owns 40,959,952 shares of the business services provider’s stock valued at $4,663,698,000 after acquiring an additional 1,786,213 shares in the last quarter. Finally, Parnassus Investments CA raised its stake in shares of Fiserv by 25.8% in the fourth quarter. Parnassus Investments CA now owns 5,725,312 shares of the business services provider’s stock valued at $651,884,000 after acquiring an additional 1,173,944 shares in the last quarter. Institutional investors and hedge funds own 91.71% of the company’s stock.
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; and Clover POS, a cloud-based point-of-sale solution.
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