BMO Capital Markets Increases Fiserv (FISV) Price Target to $152.00
Fiserv (NASDAQ:FISV) had its price target lifted by BMO Capital Markets from $133.00 to $152.00 in a research report issued on Thursday. The brokerage currently has an “average” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 10.58% from the company’s current price.
A number of other analysts have also issued reports on FISV. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price objective on shares of Fiserv in a research note on Wednesday. BidaskClub upgraded Fiserv from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 31st. Guggenheim reiterated a “buy” rating and set a $160.00 price objective on shares of Fiserv in a research note on Monday, January 29th. Robert W. Baird boosted their price objective on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Argus set a $148.00 target price on Fiserv and gave the stock a “buy” rating in a research note on Friday, January 12th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $139.86.
Shares of Fiserv (NASDAQ:FISV) opened at $137.46 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. Fiserv has a one year low of $108.85 and a one year high of $144.20. The stock has a market capitalization of $27,727.54, a price-to-earnings ratio of 23.70, a P/E/G ratio of 1.88 and a beta of 0.87.
In other news, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the transaction, the insider now directly owns 19,719 shares in the company, valued at approximately $2,583,780.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the transaction, 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. Insiders sold a total of 49,439 shares of company stock worth $6,605,353 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in FISV. Coastline Trust Co bought a new position in shares of Fiserv during the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania bought a new position in shares of Fiserv during the 4th quarter valued at about $202,000. Paragon Capital Management Ltd bought a new position in shares of Fiserv during the 3rd quarter valued at about $206,000. Associated Banc Corp bought a new position in shares of Fiserv during the 3rd quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $267,000. Hedge funds and other institutional investors own 88.49% 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.
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