Argus set a $148.00 price objective on Fiserv (NASDAQ:FISV) in a report issued on Friday morning. The firm currently has a buy rating on the business services provider’s stock.

FISV has been the subject of a number of other reports. Zacks Investment Research downgraded Fiserv from a hold rating to a sell rating in a research note on Wednesday, October 4th. Royal Bank of Canada restated a hold rating and issued a $128.00 target price on shares of Fiserv in a research note on Sunday, October 8th. Robert W. Baird restated an outperform rating and issued a $146.00 target price (up from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Cowen restated a hold rating and issued a $115.00 target price on shares of Fiserv in a research note on Thursday, October 12th. Finally, Cantor Fitzgerald restated a hold rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $132.78.

Fiserv (NASDAQ FISV) traded down $0.61 during trading hours on Friday, reaching $137.22. The company had a trading volume of 764,100 shares, compared to its average volume of 798,933. The firm has a market capitalization of $28,600.00, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82. Fiserv has a fifty-two week low of $104.51 and a fifty-two week high of $138.07. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.45 billion. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. analysts expect that Fiserv will post 5.08 earnings per share for the current fiscal year.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $131.18, for a total transaction of $2,230,060.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,439 shares of company stock worth $4,249,323. Corporate insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC bought a new stake in Fiserv during the second quarter worth approximately $122,000. Sun Life Financial INC raised its holdings in Fiserv by 11,838.5% during the second quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock worth $190,000 after purchasing an additional 1,539 shares in the last quarter. Coastline Trust Co bought a new stake in Fiserv during the third quarter worth approximately $202,000. Paragon Capital Management Ltd bought a new stake in Fiserv during the third quarter worth approximately $206,000. Finally, Trustmark National Bank Trust Department bought a new stake in Fiserv during the second quarter worth approximately $204,000. 88.50% of the stock is currently owned by institutional investors.

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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)

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