Shares of Fiserv Inc (NASDAQ:FISV) reached a new 52-week high on Friday . The company traded as high as $107.44 and last traded at $107.27, with a volume of 412657 shares traded. The stock had previously closed at $105.49.
A number of research firms have recently weighed in on FISV. Zacks Investment Research downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Moffett Nathanson began coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a “buy” rating and a $108.00 price target for the company. Oppenheimer raised their price target on shares of Fiserv from $97.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. William Blair reissued an “outperform” rating on shares of Fiserv in a research report on Wednesday, May 1st. Finally, Deutsche Bank raised shares of Fiserv from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $120.00 in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $97.88.
The company has a 50 day moving average of $98.51 and a 200-day moving average of $89.64. The stock has a market capitalization of $41.45 billion, a P/E ratio of 34.60, a PEG ratio of 2.39 and a beta of 0.80. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total value of $177,900.00. Following the sale, the insider now directly owns 371,429 shares in the company, valued at $33,038,609.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $103.20, for a total value of $2,064,000.00. Following the completion of the sale, the chairman now owns 330,629 shares in the company, valued at $34,120,912.80. The disclosure for this sale can be found here. Insiders sold 62,000 shares of company stock worth $5,911,500 over the last quarter. 1.40% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Fiserv by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,436,558 shares of the business services provider’s stock valued at $105,572,000 after purchasing an additional 15,608 shares during the last quarter. Geode Capital Management LLC grew its holdings in Fiserv by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 6,221,364 shares of the business services provider’s stock valued at $456,535,000 after purchasing an additional 469,507 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Fiserv during the 1st quarter valued at about $482,000. Raymond James Trust N.A. grew its stake in Fiserv by 68.7% in the 1st quarter. Raymond James Trust N.A. now owns 5,145 shares of the business services provider’s stock worth $454,000 after acquiring an additional 2,096 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new position in Fiserv in the 1st quarter worth about $215,000. Institutional investors own 87.39% of the company’s stock.
Fiserv Company Profile (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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