Fiserv, Inc. (FISV) Given “Outperform” Rating at Robert W. Baird

Robert W. Baird reiterated their outperform rating on shares of Fiserv, Inc. (NASDAQ:FISV) in a research note issued to investors on Tuesday. The brokerage currently has a $146.00 price target on the business services provider’s stock, up from their previous price target of $136.00.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Fiserv from a strong-buy rating to a buy rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of Fiserv from a hold rating to a buy rating and set a $140.00 price target for the company in a research note on Wednesday, July 19th. Guggenheim upgraded shares of Fiserv from a neutral rating to a buy rating and lifted their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Barclays PLC reiterated an equal weight rating and issued a $123.00 price target (up previously from $115.00) on shares of Fiserv in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $128.00 price target on shares of Fiserv in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $127.77.

Fiserv (NASDAQ FISV) traded down 0.2722% during midday trading on Tuesday, reaching $127.5219. 39,670 shares of the company were exchanged. The firm has a 50-day moving average price of $125.13 and a 200-day moving average price of $122.65. Fiserv has a 52 week low of $92.81 and a 52 week high of $129.81. The company has a market capitalization of $26.84 billion, a PE ratio of 31.2171 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.04). Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Fiserv will post $5.10 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Week Herald and is the property of of Week Herald. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://weekherald.com/2017/10/11/fiserv-inc-fisv-given-outperform-rating-at-robert-w-baird.html.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $122.02, for a total value of $2,074,340.00. Following the completion of the sale, the insider now owns 269,151 shares in the company, valued at approximately $32,841,805.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kim M. Robak sold 6,124 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $124.54, for a total transaction of $762,682.96. Following the completion of the sale, the director now owns 42,141 shares of the company’s stock, valued at approximately $5,248,240.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,124 shares of company stock valued at $7,113,543. 1.80% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in FISV. BlackRock Inc. raised its position in Fiserv by 2,669.4% in the 1st quarter. BlackRock Inc. now owns 14,345,526 shares of the business services provider’s stock valued at $1,654,185,000 after purchasing an additional 13,827,530 shares during the last quarter. Janus Henderson Group PLC raised its position in Fiserv by 267.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after purchasing an additional 1,360,102 shares during the last quarter. Voya Investment Management LLC raised its position in Fiserv by 116.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after purchasing an additional 896,418 shares during the last quarter. Vanguard Group Inc. raised its position in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Fiserv by 232.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 449,774 shares of the business services provider’s stock valued at $55,025,000 after purchasing an additional 314,674 shares during the last quarter. Hedge funds and other institutional investors own 87.72% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply