Fiserv (NASDAQ:FISV) Reaches New 12-Month High at $107.44

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.

Fiserv (NASDAQ:FISV) last posted its earnings results on Thursday, July 25th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.75 earnings per share. Equities analysts forecast that Fiserv Inc will post 3.68 EPS for the current fiscal year.

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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