Argus Analysts Give Fiserv (FISV) a $148.00 Price Target

Argus set a $148.00 price objective on Fiserv (NASDAQ:FISV) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the business services provider’s stock.

Other analysts have also issued research reports about the company. Royal Bank of Canada reiterated a hold rating and issued a $128.00 target price on shares of Fiserv in a research note on Sunday, October 8th. Barclays reiterated a hold rating and issued a $141.00 target price on shares of Fiserv in a research note on Friday, January 5th. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a research note on Thursday, November 2nd. SunTrust Banks reiterated a hold rating and issued a $130.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Finally, Cantor Fitzgerald reiterated a hold rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $132.78.

Fiserv (NASDAQ:FISV) traded down $0.61 during mid-day trading on Friday, reaching $137.22. The company’s stock had a trading volume of 764,118 shares, compared to its average volume of 811,937. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.01 and a current ratio of 1.01. Fiserv has a twelve month low of $104.51 and a twelve month high of $138.07. The stock has a market capitalization of $28,600.00, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.82.

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

In other news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $128.35, for a total transaction of $256,700.00. Following the transaction, the insider now owns 236,835 shares in the company, valued at $30,397,772.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $127.22, for a total value of $2,162,740.00. Following the transaction, the insider now owns 313,835 shares in the company, valued at approximately $39,926,088.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,439 shares of company stock worth $6,412,063. Insiders own 1.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in FISV. Janus Henderson Group PLC increased its stake in shares of Fiserv by 267.7% during the second quarter. Janus Henderson Group PLC now owns 1,868,168 shares of the business services provider’s stock valued at $228,551,000 after buying an additional 1,360,102 shares during the period. Longview Partners Guernsey LTD boosted its position in Fiserv by 23.3% during the third quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after purchasing an additional 1,020,121 shares in the last quarter. Voya Investment Management LLC boosted its position in Fiserv by 116.6% during the second quarter. Voya Investment Management LLC now owns 1,665,267 shares of the business services provider’s stock valued at $203,729,000 after purchasing an additional 896,418 shares in the last quarter. BlackRock Inc. boosted its position in Fiserv by 3.7% during the second quarter. BlackRock Inc. now owns 14,873,800 shares of the business services provider’s stock valued at $1,819,663,000 after purchasing an additional 528,274 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Fiserv by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,301,552 shares of the business services provider’s stock valued at $2,606,032,000 after purchasing an additional 518,262 shares in the last quarter. Hedge funds and other institutional investors own 88.46% of the company’s stock.

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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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