Argus Reiterates $148.00 Price Target for Fiserv (FISV)
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.
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.
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