Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating restated by equities research analysts at Cowen in a report issued on Thursday. They presently have a $135.00 price objective on the business services provider’s stock. Cowen’s price objective would indicate a potential downside of 1.79% from the company’s previous close.

Several other equities research analysts have also commented on the stock. BMO Capital Markets lifted their price target on shares of Fiserv from $133.00 to $152.00 and gave the stock an “average” rating in a research note on Thursday. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday. BidaskClub upgraded shares of 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 target on shares of Fiserv in a research note on Monday, January 29th. Finally, Robert W. Baird lifted their price target on shares of Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $139.86.

Shares of Fiserv (NASDAQ FISV) opened at $137.46 on Thursday. The stock has a market cap of $27,727.54, a price-to-earnings ratio of 23.70, a PEG ratio of 1.88 and a beta of 0.87. Fiserv has a 1 year low of $108.85 and a 1 year high of $144.20. 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 (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $1.16 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. research analysts anticipate that Fiserv will post 6.15 earnings per share 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 transaction, the insider now directly owns 203,051 shares in the company, valued at $28,140,838.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction on Monday, December 11th. The shares were sold at an average price of $131.51, for a total transaction of $452,262.89. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Fiserv by 1.1% in the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock valued at $1,973,053,000 after purchasing an additional 166,837 shares during the period. Longview Partners Guernsey LTD increased its stake in Fiserv by 1.1% in the fourth quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock valued at $714,484,000 after purchasing an additional 57,150 shares during the period. Bank of New York Mellon Corp increased its stake in Fiserv by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after purchasing an additional 27,105 shares during the period. Janus Henderson Group PLC increased its stake in Fiserv by 2.2% in the third quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock valued at $246,234,000 after purchasing an additional 41,256 shares during the period. Finally, Legal & General Group Plc increased its stake in Fiserv by 2.4% in the third quarter. Legal & General Group Plc now owns 1,213,913 shares of the business services provider’s stock valued at $156,544,000 after purchasing an additional 27,883 shares during the period. Institutional investors own 88.49% 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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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