Credit Suisse Group Raises Fiserv (FISV) Price Target to $140.00

Fiserv (NASDAQ:FISV) had its price objective raised by Credit Suisse Group from $126.00 to $140.00 in a research note issued to investors on Wednesday morning. They currently have a neutral rating on the business services provider’s stock.

FISV has been the subject of a number of other research reports. 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. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a report on Monday, October 16th. Argus set a $148.00 target price on Fiserv and gave the stock a buy rating in a report on Friday, January 12th. SunTrust Banks reiterated a hold rating and set a $130.00 target price on shares of Fiserv in a report on Wednesday, November 1st. Finally, Barclays restated a hold rating and issued a $141.00 price target on shares of Fiserv in a report on Friday, January 5th. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Fiserv currently has a consensus rating of Hold and a consensus price target of $133.72.

Shares of Fiserv (FISV) traded up $0.17 during trading hours on Wednesday, hitting $138.11. The stock had a trading volume of 819,746 shares, compared to its average volume of 654,950. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.14. Fiserv has a 1-year low of $104.51 and a 1-year high of $139.25. The stock has a market cap of $28,746.61, a PE ratio of 32.81, a P/E/G ratio of 2.09 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, October 31st. The business services provider reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.30 by ($0.03). Fiserv had a return on equity of 43.56% and a net margin of 16.31%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. research analysts expect that Fiserv will post 5.08 EPS for the current year.

In other Fiserv 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 transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at approximately $30,397,772.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Schultz sold 3,439 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were 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. Over the last ninety days, insiders sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FISV. Acrospire Investment Management LLC acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $122,000. Sun Life Financial INC raised its position in shares of 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 purchasing an additional 1,539 shares in the last quarter. Coastline Trust Co acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $202,000. Trustmark National Bank Trust Department acquired a new position in shares of Fiserv in the 2nd quarter valued at approximately $204,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $206,000. 88.50% of the stock is currently owned by 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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