Fiserv, Inc. (NASDAQ:FISV) had its target price upped by Credit Suisse Group from $123.00 to $126.00 in a research report released on Wednesday morning. The firm currently has a neutral rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on FISV. Zacks Investment Research cut shares of Fiserv from a buy rating to a hold rating in a research note on Tuesday, April 18th. Royal Bank Of Canada reissued a hold rating and issued a $123.00 price objective on shares of Fiserv in a research note on Friday, April 28th. Cantor Fitzgerald boosted their price objective on shares of Fiserv from $107.00 to $118.00 and gave the company a neutral rating in a research note on Friday, April 28th. Guggenheim raised shares of Fiserv from a neutral rating to a buy rating and upped their price target for the stock from $131.00 to $136.00 in a research note on Monday, July 17th. Finally, Vetr cut shares of Fiserv from a buy rating to a hold rating and set a $121.50 price target on the stock. in a research note on Thursday, April 20th. Nine equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $126.91.

Fiserv (FISV) traded down 0.72% during mid-day trading on Wednesday, reaching $123.08. 971,735 shares of the company traded hands. The firm has a market capitalization of $26.62 billion, a price-to-earnings ratio of 30.13 and a beta of 0.81. The stock’s 50 day moving average price is $124.64 and its 200 day moving average price is $118.43. Fiserv has a 52 week low of $92.81 and a 52 week high of $129.35.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by $0.04. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.42 billion. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. Equities analysts forecast that Fiserv will post $5.10 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Fiserv, Inc. (NASDAQ:FISV) Price Target Raised to $126.00 at Credit Suisse Group” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/05/fiserv-inc-nasdaqfisv-price-target-raised-to-126-00-at-credit-suisse-group.html.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $126.02, for a total value of $2,142,340.00. Following the transaction, the insider now directly owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 51,000 shares of company stock worth $6,339,810. 1.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Savant Capital LLC raised its position in shares of Fiserv by 0.5% in the first quarter. Savant Capital LLC now owns 2,138 shares of the business services provider’s stock valued at $247,000 after buying an additional 10 shares during the last quarter. Ropes Wealth Advisors LLC raised its position in shares of Fiserv by 0.4% in the first quarter. Ropes Wealth Advisors LLC now owns 3,624 shares of the business services provider’s stock valued at $418,000 after buying an additional 13 shares during the last quarter. Elefante Mark B raised its position in shares of Fiserv by 0.3% in the second quarter. Elefante Mark B now owns 5,715 shares of the business services provider’s stock valued at $699,000 after buying an additional 15 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in shares of Fiserv by 2.3% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,480 shares of the business services provider’s stock valued at $171,000 after buying an additional 33 shares during the last quarter. Finally, Nwam LLC raised its position in shares of Fiserv by 1.9% in the second quarter. Nwam LLC now owns 1,871 shares of the business services provider’s stock valued at $229,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 87.72% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related companies with MarketBeat.com's FREE daily email newsletter.