Key Points
- Adam Rosman purchased 7,900 shares of Fiserv on Dec. 2 at an average price of $63.19 (about $499,201), increasing his direct stake to 61,285 shares (a 14.8% rise); the trade was disclosed in an SEC filing.
- Fiserv stock trades near $63.24 with a 52‑week range of $59.56–$238.59 and a market cap of about $34.4B; the company has a P/E of 9.77, roughly 91% institutional ownership, and a consensus analyst rating of "Hold" with a $121.08 price target.
Fiserv, Inc. (NASDAQ:FISV - Get Free Report) insider Adam Rosman purchased 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the acquisition, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fiserv Price Performance
NASDAQ:FISV opened at $63.24 on Wednesday. The company has a 50-day moving average of $94.29 and a 200-day moving average of $131.47. The company has a market capitalization of $34.38 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 2.41 and a beta of 0.80. Fiserv, Inc. has a 52 week low of $59.56 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08.
Fiserv (NASDAQ:FISV - Get Free Report) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business had revenue of $4.32 billion for the quarter. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Fiserv
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Fiserv by 1.1% in the first quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock valued at $11,059,063,000 after buying an additional 535,407 shares during the last quarter. Capital World Investors raised its stake in shares of Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider's stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% during the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares in the last quarter. Nuveen LLC bought a new stake in shares of Fiserv during the first quarter valued at approximately $1,722,584,000. Finally, Norges Bank acquired a new stake in shares of Fiserv in the second quarter valued at approximately $1,252,260,000. Institutional investors and hedge funds own 90.98% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on FISV. Zacks Research lowered Fiserv from a "hold" rating to a "strong sell" rating in a research note on Friday, October 31st. BNP Paribas lowered Fiserv from an "outperform" rating to a "neutral" rating and set a $62.00 price target on the stock. in a research note on Wednesday, November 5th. KeyCorp cut Fiserv from an "overweight" rating to a "hold" rating in a research report on Thursday, October 30th. Wells Fargo & Company raised Fiserv to a "hold" rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Fiserv in a research note on Monday. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Fiserv presently has a consensus rating of "Hold" and a consensus price target of $121.08.
Check Out Our Latest Stock Report on Fiserv
About Fiserv
(
Get Free Report)
Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.
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