Fiserv (FISV) PT Raised to $152.00 at BMO Capital Markets

Fiserv (NASDAQ:FISV) had its price target lifted by equities researchers at BMO Capital Markets from $133.00 to $152.00 in a report released on Thursday. The firm presently has an “average” rating on the business services provider’s stock. BMO Capital Markets’ price target suggests a potential upside of 10.58% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $126.00 price objective on shares of Fiserv in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Robert W. Baird upped their price objective on Fiserv from $146.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Credit Suisse Group upped their price objective on Fiserv from $126.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Cowen reiterated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a report on Thursday, October 12th. Ten research 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 company presently has an average rating of “Hold” and an average target price of $139.86.

Fiserv (NASDAQ FISV) traded up $4.41 during midday trading on Thursday, hitting $137.46. 2,363,688 shares of the company traded hands, compared to its average volume of 1,305,198. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. The company has a market cap of $28,646.53, a price-to-earnings ratio of 23.70, a PEG ratio of 1.94 and a beta of 0.87. Fiserv has a 1 year low of $108.85 and a 1 year high of $144.20.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $1.16 EPS. Fiserv’s revenue for the quarter was up 5.9% compared to the same quarter last year. analysts anticipate that Fiserv will post 6.18 EPS for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the business’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 transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at $28,140,838.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Byron C. Vielehr sold 10,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $131.03, for a total value of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares of the company’s stock, valued at $2,583,780.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,439 shares of company stock valued at $6,605,353. Insiders own 1.80% of the company’s stock.

Large investors have recently bought and sold shares of the business. Coastline Trust Co bought a new position in shares of Fiserv during the third quarter worth approximately $202,000. Univest Corp of Pennsylvania purchased a new stake in shares of Fiserv during the fourth quarter worth about $202,000. Paragon Capital Management Ltd purchased a new stake in shares of Fiserv during the third quarter worth about $206,000. Associated Banc Corp purchased a new stake in shares of Fiserv during the third quarter worth about $261,000. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of Fiserv during the fourth quarter worth about $267,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

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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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