Fiserv (NASDAQ:FISV) has been given a $148.00 price target by equities research analysts at Argus in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the business services provider’s stock. Argus’ price target indicates a potential upside of 7.38% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Barclays reiterated a “hold” rating and set a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $132.78.

Shares of Fiserv (FISV) traded up $0.82 during mid-day trading on Friday, reaching $137.83. 789,800 shares of the company traded hands, compared to its average volume of 803,287. The stock has a market capitalization of $28,710.00, a PE ratio of 32.74, a P/E/G ratio of 2.04 and a beta of 0.82. Fiserv has a 52 week low of $104.51 and a 52 week high of $137.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.

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

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total transaction of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,412,063 over the last 90 days. Insiders own 1.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after acquiring an additional 518,262 shares during the last quarter. BlackRock Inc. increased its holdings in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after acquiring an additional 528,274 shares during the last quarter. FMR LLC increased its holdings in Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock valued at $845,121,000 after acquiring an additional 47,797 shares during the last quarter. Longview Partners Guernsey LTD increased its holdings in Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after acquiring an additional 1,020,121 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Fiserv by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after acquiring an additional 27,105 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.

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Fiserv Company Profile

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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