Analysts Set Fiserv Inc (FISV) Price Target at $81.14

Share on StockTwits

Shares of Fiserv Inc (NASDAQ:FISV) have been assigned a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $81.14.

Several brokerages have recently weighed in on FISV. Credit Suisse Group raised their price objective on Fiserv from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Monday, October 15th. Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $78.00 to $92.00 in a report on Tuesday, December 11th. Robert W. Baird raised their price objective on Fiserv from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, September 24th. Edward Jones upgraded Fiserv from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Finally, Argus set a $90.00 price objective on Fiserv and gave the company a “buy” rating in a report on Wednesday, September 19th.

In other news, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $76.94, for a total transaction of $3,847,000.00. Following the completion of the sale, the insider now owns 471,157 shares in the company, valued at $36,250,819.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 150,000 shares of company stock valued at $11,492,000. Corporate insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its position in shares of Fiserv by 31.9% in the fourth quarter. First Hawaiian Bank now owns 1,414 shares of the business services provider’s stock valued at $104,000 after buying an additional 342 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Fiserv during the third quarter valued at approximately $143,000. Wedbush Securities Inc. acquired a new position in Fiserv during the third quarter valued at approximately $209,000. Meyer Handelman Co. acquired a new position in Fiserv during the third quarter valued at approximately $214,000. Finally, Cpwm LLC acquired a new position in Fiserv during the third quarter valued at approximately $215,000. Institutional investors own 87.48% of the company’s stock.

Shares of Fiserv stock opened at $74.10 on Friday. The firm has a market cap of $29.22 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.82 and a beta of 0.78. Fiserv has a 12 month low of $62.76 and a 12 month high of $82.79. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.01 and a current ratio of 1.01.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.02). Fiserv had a net margin of 25.00% and a return on equity of 44.31%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $1.27 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts expect that Fiserv will post 3.13 EPS for the current year.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

See Also: Coverage Ratio

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply