FISV has been the topic of several other research reports. Deutsche Bank set a $137.00 target price on shares of Verisk Analytics and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods assumed coverage on shares of Fiserv in a report on Monday, April 8th. They issued a “market perform” rating and a $101.00 target price on the stock. Wells Fargo & Co set a $45.00 price target on shares of Perrigo and gave the stock a “hold” rating in a research report on Wednesday, June 19th. Raymond James set a $29.00 price target on shares of Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Northcoast Research downgraded shares of Illinois Tool Works from a “neutral” rating to a “sell” rating and set a $121.00 price target on the stock. in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $92.74.
NASDAQ FISV opened at $94.51 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $37.09 billion, a PE ratio of 29.72, a PEG ratio of 2.29 and a beta of 0.78. The company has a 50 day simple moving average of $90.06. Fiserv has a 12-month low of $68.45 and a 12-month high of $94.89.
Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.02. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $0.76 earnings per share. Fiserv’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that Fiserv will post 3.44 EPS for the current fiscal year.
In other news, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the completion of the sale, the chief executive officer now owns 391,146 shares of the company’s stock, valued at approximately $33,329,550.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the sale, the insider now directly owns 371,429 shares of the company’s stock, valued at approximately $33,038,609.55. The disclosure for this sale can be found here. Insiders have sold a total of 62,000 shares of company stock valued at $5,376,500 over the last ninety days. Company insiders own 1.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FISV. Bremer Bank National Association bought a new position in shares of Fiserv in the first quarter worth $25,000. Sontag Advisory LLC bought a new position in Fiserv in the fourth quarter valued at about $27,000. JOYN Advisors Inc. grew its position in Fiserv by 80.0% in the fourth quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 180 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Fiserv by 74.4% in the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 198 shares during the last quarter. Finally, Glassman Wealth Services grew its position in Fiserv by 76.9% in the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 203 shares during the last quarter. 87.38% of the stock is owned by institutional investors.
Fiserv Company Profile
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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