Trade Report: The Fiserv Inc. (FISV) Research Coverage Started at Cantor Fitzgerald

The Fiserv Inc. (FISV) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Fiserv Inc. (NASDAQ:FISV) in a research report report published on Thursday morning. The firm issued a hold rating and a $101.00 price target on the stock.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Fiserv from a hold rating to a buy rating and set a $122.00 price objective for the company in a research report on Tuesday, July 5th. Barclays PLC upped their price objective on Fiserv from $93.00 to $100.00 and gave the stock an equal weight rating in a research report on Thursday, July 7th. Deutsche Bank AG upped their price objective on Fiserv from $95.00 to $101.00 and gave the stock a hold rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG restated a hold rating and set a $101.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. restated a hold rating and set a $112.00 price objective on shares of Fiserv in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Fiserv currently has a consensus rating of Hold and an average target price of $105.71.

Fiserv (NASDAQ:FISV) opened at 99.13 on Thursday. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 25.17 and a beta of 0.91. Fiserv has a 52-week low of $85.63 and a 52-week high of $111.51. The stock’s 50 day moving average price is $101.17 and its 200 day moving average price is $103.64.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.38 billion. Fiserv had a return on equity of 35.52% and a net margin of 16.89%. Fiserv’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Fiserv will post $4.44 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $100.46, for a total transaction of $1,205,520.00. Following the completion of the sale, the insider now owns 323,994 shares of the company’s stock, valued at $32,548,437.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now directly owns 66,129 shares of the company’s stock, valued at approximately $6,680,351.58. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FISV. Glenmede Trust Co. NA boosted its stake in Fiserv by 91.2% in the first quarter. Glenmede Trust Co. NA now owns 8,709 shares of the company’s stock valued at $893,000 after buying an additional 4,153 shares in the last quarter. Virginia Retirement System acquired a new stake in Fiserv during the first quarter valued at approximately $380,000. CIBC World Markets Inc. boosted its stake in Fiserv by 20.1% in the first quarter. CIBC World Markets Inc. now owns 9,103 shares of the company’s stock valued at $934,000 after buying an additional 1,524 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Fiserv by 2.5% in the first quarter. Teachers Advisors Inc. now owns 299,803 shares of the company’s stock valued at $30,754,000 after buying an additional 7,306 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Fiserv by 87.5% in the first quarter. Franklin Resources Inc. now owns 347,523 shares of the company’s stock valued at $35,649,000 after buying an additional 162,130 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

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