Fiserv (FISV) Price Target Raised to $160.00

Fiserv (NASDAQ:FISV) had its price objective raised by research analysts at Robert W. Baird from $146.00 to $160.00 in a report released on Wednesday. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 12.22% from the stock’s previous close.

Several other research firms have also recently weighed in on FISV. Credit Suisse Group raised their target price on shares of Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Argus set a $148.00 target price on shares of Fiserv and gave the stock a “buy” rating in a report on Friday, January 12th. Barclays reaffirmed a “hold” rating and set a $141.00 target price on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research raised shares of Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fiserv currently has an average rating of “Hold” and an average price target of $134.65.

Shares of Fiserv (NASDAQ FISV) traded up $1.78 during mid-day trading on Wednesday, hitting $142.58. 691,838 shares of the stock were exchanged, compared to its average volume of 789,128. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $29,710.00, a PE ratio of 33.87, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. Fiserv has a 12 month low of $104.51 and a 12 month high of $142.81.

In related news, 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 transaction, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FISV. Mutual of America Capital Management LLC increased its stake in Fiserv by 2.9% in the second quarter. Mutual of America Capital Management LLC now owns 25,942 shares of the business services provider’s stock valued at $3,174,000 after purchasing an additional 721 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Fiserv in the second quarter valued at $684,000. Suntrust Banks Inc. increased its stake in Fiserv by 3.8% in the second quarter. Suntrust Banks Inc. now owns 9,061 shares of the business services provider’s stock valued at $1,108,000 after purchasing an additional 331 shares in the last quarter. Advisor Group Inc. increased its stake in Fiserv by 22.1% in the second quarter. Advisor Group Inc. now owns 6,062 shares of the business services provider’s stock valued at $740,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Fiserv by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 770,535 shares of the business services provider’s stock valued at $94,265,000 after purchasing an additional 4,066 shares in the last quarter. 88.50% of the stock is owned by institutional investors and hedge funds.

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About Fiserv

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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