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.
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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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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