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.
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.
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