Fiserv Price Target Raised to $115.00 at Argus (FISV)
Equities researchers at Argus hoisted their price objective on shares of Fiserv (NASDAQ:FISV) from $105.00 to $115.00 in a research report issued on Thursday, ARN reports. The firm currently has a “buy” rating on the stock. Argus’ price target suggests a potential upside of 13.81% from the stock’s previous close.
Shares of Fiserv (NASDAQ:FISV) traded down 0.90% during mid-day trading on Thursday, hitting $100.14. 259,108 shares of the company’s stock traded hands. Fiserv has a 52-week low of $71.58 and a 52-week high of $102.23. The stock’s 50-day moving average is $98.0 and its 200-day moving average is $90.01. The company has a market cap of $13.027 billion and a P/E ratio of 23.30.
Fiserv (NASDAQ:FISV) last released its earnings data on Tuesday, July 30th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts predict that Fiserv will post $5.98 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FISV. Analysts at Sterne Agee upgraded shares of Fiserv (NASDAQ:FISV) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 7th. They now have a $120.00 price target on the stock. Separately, analysts at First Analysis upgraded shares of Fiserv (NASDAQ:FISV) from an “equal weight” rating to an “overweight” rating in a research note to investors on Tuesday, August 6th. They now have a $115.00 price target on the stock, up previously from $85.00. Finally, analysts at Jefferies Group raised their price target on shares of Fiserv (NASDAQ:FISV) from $94.00 to $112.00 in a research note to investors on Monday, August 5th. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Fiserv currently has an average rating of “Hold” and a consensus target price of $99.69.
In other Fiserv news, CEO Jeffery W. Yabuki unloaded 4,000 shares of Fiserv stock on the open market in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $98.88, for a total value of $395,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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