Fiserv (FISV) Price Target Increased to $140.00 by Analysts at Credit Suisse Group
Fiserv (NASDAQ:FISV) had its price objective upped by analysts at Credit Suisse Group from $126.00 to $140.00 in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price target suggests a potential upside of 1.37% from the stock’s current price.
Several other research firms have also weighed in on FISV. Argus set a $148.00 target price on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. Barclays reiterated a “hold” rating and issued a $141.00 target price on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and issued a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $133.72.
Shares of Fiserv (NASDAQ:FISV) traded up $0.17 during mid-day trading on Wednesday, reaching $138.11. 819,746 shares of the company’s stock were exchanged, compared to its average volume of 654,950. Fiserv has a 1 year low of $104.51 and a 1 year high of $139.25. The company has a market capitalization of $28,746.61, a PE ratio of 32.81, a PEG ratio of 2.09 and a beta of 0.82. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.14.
Fiserv (NASDAQ:FISV) last posted its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 company’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 forecast that Fiserv will post 5.08 EPS for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the sale, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in Fiserv in the 2nd quarter valued at $122,000. Sun Life Financial INC increased its stake in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after buying an additional 1,539 shares during the last quarter. Coastline Trust Co acquired a new stake in Fiserv in the 3rd quarter valued at $202,000. Paragon Capital Management Ltd acquired a new stake in Fiserv in the 3rd quarter valued at $206,000. Finally, Trustmark National Bank Trust Department acquired a new stake in Fiserv in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 88.50% of the company’s stock.
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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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