Fiserv (NASDAQ:FISV) had its price objective raised by equities researchers at Credit Suisse Group from $126.00 to $140.00 in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the business services provider’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 1.81% from the stock’s previous close.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Fiserv from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Robert W. Baird reiterated an “outperform” rating and set a $146.00 target price (up previously from $136.00) on shares of Fiserv in a report on Tuesday, October 10th. Cowen reiterated a “hold” rating and set a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, SunTrust Banks reiterated a “hold” rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $133.72.
Fiserv (NASDAQ:FISV) traded up $0.29 during mid-day trading on Wednesday, hitting $137.51. The company’s stock had a trading volume of 924,800 shares, compared to its average volume of 811,520. Fiserv has a 1 year low of $104.51 and a 1 year high of $138.56. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $28,596.57, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total value of $256,700.00. Following the sale, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The disclosure for this sale can be found here. Insiders sold a total of 32,439 shares of company stock worth $4,249,323 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of FISV. Acrospire Investment Management LLC purchased a new stake in shares of Fiserv in the 2nd quarter worth approximately $122,000. Sun Life Financial INC lifted its position in Fiserv by 11,838.5% in the 2nd quarter. Sun Life Financial INC now owns 1,552 shares of the business services provider’s stock valued at $190,000 after acquiring an additional 1,539 shares in the last quarter. Coastline Trust Co bought a new position in Fiserv in the 3rd quarter valued at approximately $202,000. Trustmark National Bank Trust Department bought a new position in Fiserv in the 2nd quarter valued at approximately $204,000. Finally, Paragon Capital Management Ltd bought a new position in Fiserv in the 3rd quarter valued at approximately $206,000. Institutional investors own 88.50% of the company’s stock.
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.