Fiserv (NASDAQ:FISV) has been given a $148.00 price target by equities research analysts at Argus in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the business services provider’s stock. Argus’ price target indicates a potential upside of 7.38% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a research note on Sunday, October 8th. Barclays reiterated a “hold” rating and set a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a “hold” rating and set a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $132.78.
Shares of Fiserv (FISV) traded up $0.82 during mid-day trading on Friday, reaching $137.83. 789,800 shares of the company traded hands, compared to its average volume of 803,287. The stock has a market capitalization of $28,710.00, a PE ratio of 32.74, a P/E/G ratio of 2.04 and a beta of 0.82. Fiserv has a 52 week low of $104.51 and a 52 week high of $137.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the sale, the insider now directly owns 313,835 shares in the company, valued at approximately $39,926,088.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 sale, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,412,063 over the last 90 days. Insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Fiserv by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after acquiring an additional 518,262 shares during the last quarter. BlackRock Inc. increased its holdings in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after acquiring an additional 528,274 shares during the last quarter. FMR LLC increased its holdings in Fiserv by 0.7% in the 2nd quarter. FMR LLC now owns 6,907,966 shares of the business services provider’s stock valued at $845,121,000 after acquiring an additional 47,797 shares during the last quarter. Longview Partners Guernsey LTD increased its holdings in Fiserv by 23.3% in the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after acquiring an additional 1,020,121 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Fiserv by 1.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,057,992 shares of the business services provider’s stock valued at $265,398,000 after acquiring an additional 27,105 shares during the last quarter. Institutional investors own 88.46% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Fiserv (FISV) Given a $148.00 Price Target at Argus” was published by American Banking and Market News and is the sole property of of American Banking and Market News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/12/fiserv-fisv-given-a-148-00-price-target-at-argus.html.
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.
