Fiserv’s Neutral Rating Reaffirmed at Zacks (FISV)
Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Thursday, AR Network reports. They currently have a $59.00 target price on the stock. Zacks‘s price target suggests a potential upside of 4.11% from the stock’s previous close.
Zacks’ analyst wrote, “Fiserv reported dismal fourth-quarter results, which missed the Zacks Consensus Estimate on both the lines. Moreover, the company provided a back-end loaded guidance, which will remain an overhang on the stock in 2014. We also believe intensifying competition is a major headwind, going forward. Nevertheless, Fiserv has expanded its foothold in the financial and payment solutions business supported by its broad customer base. The company’s diversified product portfolio and continued technology upgrades are expected to boost top-line growth. Higher synergies (both top line and cost) from the Open Solutions acquisition and continuous contract wins by the DNA platform are expected to drive growth over the next couple of years. Thus, we remain Neutral and set a price target of $59.00.”
Fiserv (NASDAQ:FISV) traded up 0.11% on Thursday, hitting $56.67. The stock had a trading volume of 1,231,156 shares. Fiserv has a 52 week low of $42.30 and a 52 week high of $59.29. The stock’s 50-day moving average is $57.16 and its 200-day moving average is $55.83. The company has a market cap of $14.422 billion and a price-to-earnings ratio of 23.28.
Fiserv (NASDAQ:FISV) last released its earnings data on Wednesday, February 5th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.81 by $0.03. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $1.39 earnings per share. Fiserv’s revenue was up 10.3% compared to the same quarter last year. Analysts expect that Fiserv will post $3.33 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Fiserv from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Separately, analysts at Argus raised their price target on shares of Fiserv from $63.00 to $67.00 in a research note on Tuesday, February 25th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group cut their EPS estimates on shares of Fiserv in a research note on Monday. They now have a “buy” rating and a $64.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $89.23.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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