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.
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.
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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