Fiserv (NASDAQ:FISV) received a $148.00 price objective from research analysts at Argus in a research note issued on Friday. The firm currently has a “buy” rating on the business services provider’s stock. Argus’ target price would suggest a potential upside of 7.38% from the company’s current price.
FISV has been the subject of several other research reports. Robert W. Baird reiterated an “outperform” rating and issued a $146.00 target price (up previously from $136.00) on shares of Fiserv in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. SunTrust Banks restated a “hold” rating and issued a $130.00 price objective on shares of Fiserv in a research report on Wednesday, November 1st. Barclays restated a “hold” rating and issued a $141.00 price objective on shares of Fiserv in a research report on Friday, January 5th. Finally, Cowen restated a “hold” rating and issued a $115.00 price objective on shares of Fiserv in a research report on Thursday, October 12th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Fiserv currently has a consensus rating of “Hold” and a consensus price target of $132.78.
Fiserv (FISV) traded up $0.82 during midday trading on Friday, reaching $137.83. 789,800 shares of the company were exchanged, compared to its average volume of 803,287. Fiserv has a 1-year low of $104.51 and a 1-year high of $137.91. 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 capitalization of $28,710.00, a P/E ratio of 32.74, a PEG ratio of 2.04 and a beta of 0.82.
In other Fiserv news, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the sale, the insider now directly owns 19,719 shares in the company, valued at $2,583,780.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv stock in a transaction that occurred 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 sale, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Insiders sold 49,439 shares of company stock valued at $6,412,063 over the last 90 days. 1.80% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of Fiserv by 267.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock worth $228,551,000 after acquiring an additional 1,360,102 shares during the last quarter. Longview Partners Guernsey LTD boosted its holdings in shares of Fiserv by 23.3% during 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 buying an additional 1,020,121 shares in the last quarter. Voya Investment Management LLC boosted its stake in Fiserv by 116.6% in the 2nd quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock worth $203,729,000 after purchasing an additional 896,418 shares in the last quarter. BlackRock Inc. boosted its stake in Fiserv by 3.7% in the 2nd quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock worth $1,819,663,000 after purchasing an additional 528,274 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake 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 worth $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.
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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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