Fiserv Inc (NASDAQ:FISV) insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $78.92, for a total value of $3,946,000.00. Following the sale, the insider now directly owns 367,380 shares of the company’s stock, valued at $28,993,629.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of FISV stock opened at $78.53 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $32.01 billion, a PE ratio of 30.99, a P/E/G ratio of 2.20 and a beta of 0.79. Fiserv Inc has a one year low of $60.19 and a one year high of $82.79.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Fiserv had a return on equity of 44.25% and a net margin of 25.14%. Fiserv’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts expect that Fiserv Inc will post 3.13 earnings per share for the current fiscal year.
Several analysts have weighed in on FISV shares. BidaskClub raised Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, September 13th. SunTrust Banks boosted their price objective on Fiserv to $87.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Argus set a $90.00 price objective on Fiserv and gave the stock a “buy” rating in a report on Wednesday, September 19th. Robert W. Baird boosted their price objective on Fiserv from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, September 24th. Finally, JPMorgan Chase & Co. cut Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective for the company. in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $78.82.
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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