Other equities analysts have also issued reports about the stock. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $73.00 target price on shares of Fiserv in a research note on Wednesday, January 16th. Wedbush upped their target price on shares of Fiserv from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 29th. Stephens raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $76.00 to $90.00 in a research note on Wednesday, January 16th. Zacks Investment Research lowered shares of Fiserv from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $87.29.
Shares of FISV traded down $0.23 during trading hours on Friday, reaching $85.06. The stock had a trading volume of 3,588,577 shares, compared to its average volume of 4,169,451. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.60. Fiserv has a 52 week low of $68.43 and a 52 week high of $91.19. The stock has a market cap of $33.35 billion, a P/E ratio of 27.44, a P/E/G ratio of 2.05 and a beta of 0.83.
In other news, insider Jeffery W. Yabuki sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $84.85, for a total value of $4,242,500.00. Following the sale, the insider now directly owns 441,112 shares of the company’s stock, valued at approximately $37,428,353.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $85.21, for a total transaction of $1,704,200.00. Following the completion of the sale, the chief executive officer now directly owns 391,146 shares in the company, valued at $33,329,550.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,912 shares of company stock valued at $13,389,571. Company insiders own 1.70% of the company’s stock.
Several hedge funds have recently modified their holdings of FISV. We Are One Seven LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Sontag Advisory LLC bought a new position in Fiserv in the 4th quarter valued at about $27,000. Destination Wealth Management bought a new position in Fiserv in the 4th quarter valued at about $30,000. JOYN Advisors Inc. raised its holdings in Fiserv by 80.0% in the 4th 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 period. Finally, WESPAC Advisors SoCal LLC bought a new position in Fiserv in the 4th quarter valued at about $31,000. 88.83% of the stock is currently owned by institutional investors.
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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