Northcoast Research upgraded shares of Fiserv (NASDAQ:FISV) from a neutral rating to a buy rating in a research note released on Wednesday, June 26th, Benzinga reports. Northcoast Research currently has $90.86 price objective on the business services provider’s stock. Northcoast Research also issued estimates for Fiserv’s FY2020 earnings at $3.85 EPS.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank set a $137.00 price objective on Verisk Analytics and gave the company a hold rating in a report on Tuesday, April 23rd. SunTrust Banks cut Inflarx from a buy rating to a hold rating and decreased their price objective for the company from $55.00 to $5.00 in a report on Wednesday, June 5th. Oppenheimer set a $12.00 price objective on Teva Pharmaceutical Industries and gave the company a buy rating in a report on Wednesday, June 12th. Raymond James set a $29.00 price target on Seacoast Banking Co. of Florida and gave the stock a buy rating in a report on Friday, June 21st. Finally, Keefe, Bruyette & Woods initiated coverage on Fiserv in a report on Monday, April 8th. They issued a market perform rating and a $101.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $93.17.
Shares of NASDAQ:FISV traded up $2.76 on Wednesday, reaching $96.87. The company had a trading volume of 9,381,596 shares, compared to its average volume of 4,467,502. Fiserv has a 52-week low of $68.45 and a 52-week high of $96.98. The business has a 50 day moving average of $90.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.45. The firm has a market capitalization of $37.35 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.27 and a beta of 0.78.
In other 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 completion of the sale, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $94.25, for a total value of $1,885,000.00. Following the completion of the sale, the insider now directly owns 331,429 shares of the company’s stock, valued at approximately $31,237,183.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,000 shares of company stock valued at $5,557,300. Insiders own 1.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC increased its stake in shares of Fiserv by 1.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 7,525 shares of the business services provider’s stock worth $664,000 after purchasing an additional 125 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of Fiserv by 4.4% in the first quarter. Thoroughbred Financial Services LLC now owns 3,089 shares of the business services provider’s stock worth $273,000 after purchasing an additional 130 shares during the period. Kaizen Advisory LLC increased its stake in Fiserv by 13.7% during the fourth quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 135 shares during the period. Cetera Advisors LLC increased its stake in Fiserv by 1.7% during the first quarter. Cetera Advisors LLC now owns 9,302 shares of the business services provider’s stock valued at $821,000 after acquiring an additional 152 shares during the period. Finally, Cadence Bank NA increased its stake in Fiserv by 1.5% during the first quarter. Cadence Bank NA now owns 10,195 shares of the business services provider’s stock valued at $900,000 after acquiring an additional 153 shares during the period. 87.39% of the stock is owned by hedge funds and other 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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