The Fiserv Inc. (FISV) Now Covered by Analysts at Cantor Fitzgerald

The Fiserv Inc. (FISV) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Fiserv Inc. (NASDAQ:FISV) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Fiserv from a hold rating to a buy rating and set a $122.00 price target on the stock in a research report on Tuesday, July 5th. Barclays PLC increased their price target on shares of Fiserv from $93.00 to $100.00 and gave the company an equal weight rating in a research report on Thursday, July 7th. Deutsche Bank AG increased their price target on shares of Fiserv from $95.00 to $101.00 and gave the company a hold rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a hold rating and issued a $101.00 price target on shares of Fiserv in a research report on Wednesday, August 3rd. Finally, JPMorgan Chase & Co. reiterated a hold rating and issued a $112.00 price target on shares of Fiserv in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Fiserv currently has a consensus rating of Hold and an average target price of $106.00.

Fiserv (NASDAQ:FISV) traded down 0.78% during mid-day trading on Thursday, reaching $100.02. 745,003 shares of the company’s stock traded hands. Fiserv has a 1-year low of $85.63 and a 1-year high of $111.51. The firm has a 50-day moving average price of $101.40 and a 200-day moving average price of $103.62. The stock has a market cap of $21.99 billion, a P/E ratio of 25.39 and a beta of 0.91.

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

In other news, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $110.80, for a total transaction of $1,329,600.00. Following the completion of the transaction, the insider now directly owns 344,994 shares of the company’s stock, valued at approximately $38,225,335.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $1,538,029.50. Following the transaction, the insider now directly owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in Fiserv by 603.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,104 shares of the company’s stock valued at $120,000 after buying an additional 947 shares in the last quarter. Global X Management Co. LLC boosted its position in Fiserv by 97.0% in the second quarter. Global X Management Co. LLC now owns 1,172 shares of the company’s stock valued at $127,000 after buying an additional 577 shares in the last quarter. Financial Architects Inc boosted its position in Fiserv by 957.0% in the second quarter. Financial Architects Inc now owns 1,279 shares of the company’s stock valued at $139,000 after buying an additional 1,158 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Fiserv during the first quarter valued at $141,000. Finally, Ropes Wealth Advisors LLC boosted its position in Fiserv by 472.7% in the second quarter. Ropes Wealth Advisors LLC now owns 1,403 shares of the company’s stock valued at $153,000 after buying an additional 1,158 shares in the last quarter. 87.25% of the stock is owned by institutional investors and hedge funds.

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