Fiserv, Inc. (NASDAQ:FISV) Given Average Recommendation of “Buy” by Analysts

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.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Monday, February 8th. The business services provider reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.01. Fiserv had a return on equity of 8.75% and a net margin of 6.01%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the previous year, the business earned $1.13 EPS. Fiserv’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts forecast that Fiserv will post 4.42 earnings per share for the current year.

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.

About Fiserv

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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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