Fiserv Inc (NASDAQ:FISV) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $81.14.

A number of research analysts have issued reports on the company. Zacks Investment Research lowered Fiserv from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. ValuEngine raised Fiserv from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub downgraded Fiserv from a “buy” rating to a “hold” rating in a research note on Thursday, September 20th. Barclays assumed coverage on Fiserv in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $95.00 price objective on the stock. Finally, Argus set a $90.00 price objective on Fiserv and gave the stock a “buy” rating in a research note on Wednesday, September 19th.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of Fiserv stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $78.92, for a total transaction of $3,946,000.00. Following the transaction, the insider now owns 367,380 shares in the company, valued at $28,993,629.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 150,000 shares of company stock worth $11,492,000 in the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. First Hawaiian Bank grew its stake in Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 342 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in Fiserv in the third quarter valued at about $143,000. Holderness Investments Co. purchased a new position in Fiserv in the second quarter valued at about $207,000. Wedbush Securities Inc. purchased a new position in Fiserv in the third quarter valued at about $209,000. Finally, Meyer Handelman Co. purchased a new position in Fiserv in the third quarter valued at about $214,000. Institutional investors and hedge funds own 87.48% of the company’s stock.

NASDAQ:FISV opened at $74.10 on Friday. Fiserv has a 12-month low of $62.76 and a 12-month high of $82.79. The company has a market cap of $29.22 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.82 and a beta of 0.78. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.81.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). Fiserv had a net margin of 25.00% and a return on equity of 44.31%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts expect that Fiserv will post 3.13 EPS for the current fiscal year.

About Fiserv

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; 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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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