Fiserv (FISV) PT Lowered to $136.00

Fiserv (NASDAQ:FISV) had its target price decreased by stock analysts at Credit Suisse Group from $140.00 to $136.00 in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s target price would indicate a potential downside of 1.16% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Cowen restated a “hold” rating and issued a $135.00 price target on shares of Fiserv in a research note on Thursday. BMO Capital Markets boosted their price target on Fiserv from $133.00 to $152.00 and gave the stock a “market perform” rating in a research note on Thursday. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday. Robert W. Baird boosted their price target on Fiserv from $146.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks restated a “hold” rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $138.58.

Fiserv (FISV) traded up $8.43 during trading on Thursday, reaching $137.60. The company’s stock had a trading volume of 1,442,775 shares, compared to its average volume of 1,086,850. 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 has a twelve month low of $107.41 and a twelve month high of $144.20. The company has a market capitalization of $27,248.22, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. equities analysts expect that Fiserv will post 5.08 EPS for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the sale, the insider now owns 203,051 shares in the company, valued at $28,140,838.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the sale, the insider now owns 19,719 shares of the company’s stock, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,439 shares of company stock valued at $6,605,353. Company insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FISV. Univest Corp of Pennsylvania bought a new position in shares of Fiserv in the fourth quarter worth about $202,000. Coastline Trust Co bought a new position in Fiserv during the third quarter valued at approximately $202,000. Paragon Capital Management Ltd bought a new position in Fiserv during the third quarter valued at approximately $206,000. Associated Banc Corp bought a new position in Fiserv during the third quarter valued at approximately $261,000. Finally, Claraphi Advisory Network LLC bought a new position in Fiserv during the fourth quarter valued at approximately $267,000. Institutional investors and hedge funds own 88.49% 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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