Fiserv Hits New 1-Year High at $63.17 (FISV)
Fiserv (NASDAQ:FISV) reached a new 52-week high on Friday , Analyst Ratings Network.com reports. The stock traded as high as $63.17 and last traded at $62.30, with a volume of 918,715 shares traded. The stock had previously closed at $62.37.
A number of analysts have recently weighed in on FISV shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fiserv in a research note on Wednesday. They now have a $67.00 price target on the stock, up previously from $60.00. Separately, analysts at Monness Crespi & Hardt initiated coverage on shares of Fiserv in a research note on Wednesday, August 6th. They set a “buy” rating and a $77.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Fiserv from $64.00 to $71.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Fiserv has an average rating of “Buy” and a consensus price target of $80.08.
The stock has a 50-day moving average of $61.60 and a 200-day moving average of $59.09. The company has a market cap of $15.589 billion and a price-to-earnings ratio of 22.66.
Fiserv (NASDAQ:FISV) last announced its earnings results on Tuesday, July 29th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that Fiserv will post $3.36 EPS for the current fiscal year.
Fiserv, Inc (NASDAQ:FISV) is a global provider of financial services technology.
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