Fiserv (FISV) Sets New 1-Year High at $88.03

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Fiserv Inc (NASDAQ:FISV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $88.03 and last traded at $87.39, with a volume of 153160 shares changing hands. The stock had previously closed at $86.93.

Several equities analysts have recently issued reports on FISV shares. Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $78.00 to $92.00 in a report on Tuesday, December 11th. Edward Jones upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. ValuEngine upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Finally, Cantor Fitzgerald restated a “hold” rating and set a $73.00 price objective on shares of Fiserv in a report on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.49.

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.60. The firm has a market capitalization of $34.36 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 2.12 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $0.71 EPS. Fiserv’s quarterly revenue was up 2.3% on a year-over-year basis. On average, research analysts expect that Fiserv Inc will post 3.45 earnings per share for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $71.20, for a total value of $3,560,000.00. Following the sale, the insider now owns 273,314 shares in the company, valued at approximately $19,459,956.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 13,728 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $85.08, for a total value of $1,167,978.24. Following the completion of the sale, the director now owns 52,014 shares in the company, valued at approximately $4,425,351.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,912 shares of company stock worth $15,245,371. 1.70% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. We Are One Seven LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $27,000. Sontag Advisory LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $27,000. Destination Wealth Management purchased a new stake in Fiserv in the 4th quarter worth approximately $30,000. JOYN Advisors Inc. boosted its position in Fiserv by 80.0% in the 4th quarter. JOYN Advisors Inc. now owns 405 shares of the business services provider’s stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 88.76% of the company’s stock.

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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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