Fiserv Rating Reiterated by Sterne Agee (FISV)
Fiserv (NASDAQ:FISV)‘s stock had its “buy” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Wednesday, Stock Ratings Network reports. They currently have a $120.00 price objective on the stock. Sterne Agee’s target price would indicate a potential upside of 16.56% from the stock’s previous close.
Shares of Fiserv (NASDAQ:FISV) traded up 1.02% during mid-day trading on Wednesday, hitting $102.95. 482,406 shares of the company’s stock traded hands. Fiserv has a 52 week low of $72.19 and a 52 week high of $103.17. The stock’s 50-day moving average is $99.28 and its 200-day moving average is $90.74. The company has a market cap of $13.393 billion and a P/E ratio of 23.50.
Fiserv (NASDAQ:FISV) last posted its quarterly earnings results 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 prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Fiserv will post $5.99 earnings per share for the current fiscal year.
FISV has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of Fiserv (NASDAQ:FISV) from $104.00 to $118.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Argus raised their price target on shares of Fiserv (NASDAQ:FISV) from $105.00 to $115.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Finally, 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.
One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $101.00.
In other Fiserv news, CEO Jeffery W. Yabuki sold 4,000 shares of the stock on the open market in a transaction dated Monday, September 9th. The stock was sold at an average price of $98.88, for a total transaction of $395,520.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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