Fiserv (FISV) Price Target Raised to $140.00 at Credit Suisse Group

Fiserv (NASDAQ:FISV) had its price objective boosted by Credit Suisse Group from $126.00 to $140.00 in a research note released on Wednesday morning. The brokerage currently has a neutral rating on the business services provider’s stock.

Several other brokerages have also weighed in on FISV. Argus set a $148.00 target price on Fiserv and gave the stock a buy rating in a research report on Friday, January 12th. Barclays reaffirmed a hold rating and issued a $141.00 target price on shares of Fiserv in a research report on Friday, January 5th. Royal Bank of Canada reaffirmed a hold rating and issued a $128.00 target price on shares of Fiserv in a research report on Sunday, October 8th. SunTrust Banks reaffirmed a hold rating and issued a $130.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Finally, Cantor Fitzgerald reaffirmed a hold rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Fiserv currently has a consensus rating of Hold and an average target price of $133.72.

Fiserv (NASDAQ:FISV) traded up $0.17 during mid-day trading on Wednesday, hitting $138.11. The company had a trading volume of 819,746 shares, compared to its average volume of 654,950. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $28,746.61, a price-to-earnings ratio of 32.81, a P/E/G ratio of 2.09 and a beta of 0.82. Fiserv has a twelve month low of $104.51 and a twelve month high of $139.25.

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

In other news, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. In the last three months, insiders sold 49,439 shares of company stock valued at $6,605,353. Company insiders own 1.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FISV. Roberts Glore & Co. Inc. IL boosted its stake in Fiserv by 0.6% during the second quarter. Roberts Glore & Co. Inc. IL now owns 3,290 shares of the business services provider’s stock valued at $402,000 after buying an additional 20 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in Fiserv by 1.0% during the second quarter. Dana Investment Advisors Inc. now owns 14,137 shares of the business services provider’s stock valued at $1,730,000 after buying an additional 144 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Fiserv by 3.8% during the second quarter. Suntrust Banks Inc. now owns 9,061 shares of the business services provider’s stock valued at $1,108,000 after buying an additional 331 shares in the last quarter. WFG Advisors LP boosted its stake in Fiserv by 9.4% during the second quarter. WFG Advisors LP now owns 4,292 shares of the business services provider’s stock valued at $525,000 after buying an additional 367 shares in the last quarter. Finally, Dempze Nancy E boosted its stake in Fiserv by 2.9% during the third quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock valued at $1,852,000 after buying an additional 401 shares in the last quarter. 88.50% of the stock is owned by institutional investors.

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About Fiserv

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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