2 weeks Ago By ABMN Staff
Fiserv, Inc. ( NYSE:FI – Get Free Report ) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 8,790,000 shares, a decrease of 5.
5% from the August 31st total of 9,300,000 shares. Approximately 1.5% of the shares of the company are short sold.
Based on an average daily trading volume, of 2,390,000 shares, the short-interest ratio is presently 3.7 days. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on the company.
JPMorgan Chase & Co. increased their target price on Fiserv from $176.00 to $199.
00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their price objective on shares of Fiserv from $180.00 to $190.
00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on shares of Fiserv from $180.00 to $183.
00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. StockNews.com upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th.
Finally, TD Cowen lifted their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th.
Five analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $174.88.
View Our Latest Analysis on FI Insider Buying and Selling Institutional Investors Weigh In On Fiserv Several institutional investors have recently bought and sold shares of the company. Norden Group LLC acquired a new position in Fiserv during the first quarter valued at approximately $2,359,000. BlueSpruce Investments LP bought a new position in shares of Fiserv in the fourth quarter valued at $646,368,000.
ORG Partners LLC increased its holdings in Fiserv by 3,016.0% during the second quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock worth $486,000 after buying an additional 3,197 shares during the last quarter.
ZRC Wealth Management LLC bought a new stake in Fiserv during the first quarter worth $32,000. Finally, Acadian Asset Management LLC lifted its stake in Fiserv by 377.3% in the first quarter.
Acadian Asset Management LLC now owns 56,645 shares of the business services provider’s stock valued at $9,047,000 after acquiring an additional 44,776 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.
Fiserv Stock Up 0.7 % Shares of Fiserv stock opened at $179.65 on Tuesday.
Fiserv has a 1 year low of $109.11 and a 1 year high of $179.95.
The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.
06. The company has a market capitalization of $105.11 billion, a P/E ratio of 33.
58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93.
The business has a 50-day moving average of $168.75 and a two-hundred day moving average of $158.00.
Fiserv ( NYSE:FI – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.
10 by $0.03. Fiserv had a net margin of 17.
45% and a return on equity of 16.41%. The firm had revenue of $5.
11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the previous year, the firm posted $1.
81 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis.
As a group, equities analysts predict that Fiserv will post 8.74 EPS for the current year. Fiserv Company Profile ( 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. Recommended Stories Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter .
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