Fiserv, Inc. (NASDAQ:FISV) Receives $130.60 Consensus PT from Analysts

Shares of Fiserv, Inc. (NASDAQ:FISV) have been given an average recommendation of “Buy” by the twenty-three analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $130.60.

A number of brokerages have commented on FISV. Truist cut shares of Fiserv from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Monday, June 7th. They noted that the move was a valuation call. BNP Paribas upgraded Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 price objective for the company in a report on Tuesday, August 10th. Exane BNP Paribas upgraded Fiserv from an “underperform” rating to a “neutral” rating and set a $116.00 target price on the stock in a research note on Tuesday, August 10th. JPMorgan Chase & Co. boosted their target price on shares of Fiserv from $142.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, August 17th. Finally, Wedbush reiterated an “outperform” rating on shares of Fiserv in a report on Tuesday, July 27th.

In related news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Thursday, July 15th. The stock was sold at an average price of $109.63, for a total transaction of $1,096,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Guy Chiarello sold 40,000 shares of Fiserv stock in a transaction that occurred on Thursday, August 19th. The shares were sold at an average price of $117.71, for a total transaction of $4,708,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,000 shares of company stock valued at $8,696,700. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently modified their holdings of FISV. Price T Rowe Associates Inc. MD increased its stake in shares of Fiserv by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,482,671 shares of the business services provider’s stock valued at $6,961,777,000 after purchasing an additional 1,433,356 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Fiserv by 4.5% in the second quarter. Vanguard Group Inc. now owns 47,418,471 shares of the business services provider’s stock valued at $5,068,561,000 after buying an additional 2,054,193 shares in the last quarter. BlackRock Inc. raised its stake in shares of Fiserv by 5.2% during the 2nd quarter. BlackRock Inc. now owns 43,399,816 shares of the business services provider’s stock worth $4,639,005,000 after buying an additional 2,163,796 shares during the period. State Street Corp grew its stake in Fiserv by 4.4% in the 2nd quarter. State Street Corp now owns 23,073,493 shares of the business services provider’s stock valued at $2,466,326,000 after acquiring an additional 981,275 shares during the period. Finally, Dodge & Cox increased its holdings in Fiserv by 59.7% in the 2nd quarter. Dodge & Cox now owns 22,996,049 shares of the business services provider’s stock worth $2,458,048,000 after acquiring an additional 8,599,663 shares in the last quarter. Institutional investors and hedge funds own 89.87% of the company’s stock.

Shares of FISV opened at $107.39 on Friday. The business’s 50 day moving average is $112.69 and its 200 day moving average is $115.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.63. Fiserv has a 12-month low of $92.81 and a 12-month high of $127.34. The company has a market capitalization of $71.11 billion, a PE ratio of 63.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, July 27th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.93 billion. Fiserv had a net margin of 7.37% and a return on equity of 10.48%. The company’s revenue was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. Equities research analysts predict that Fiserv will post 5.56 earnings per share for the current year.

About Fiserv

Fiserv, Inc engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance; Financial Technology; Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment provides financial institutions with financial institutions with the technology solutions need to run operations including products and services that enable financial institutions to process customer deposit and loan accounts.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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