Fiserv Inc (NASDAQ:FISV) Receives $102.88 Consensus Target Price from Brokerages

Fiserv Inc (NASDAQ:FISV) has received a consensus recommendation of “Buy” from the thirty analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $106.07.

Several equities analysts recently issued reports on the company. Raymond James assumed coverage on Fiserv in a research report on Friday, June 21st. They set an “outperform” rating and a $103.00 price target on the stock. BidaskClub upgraded Fiserv from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada set a $106.00 price target on Fiserv and gave the stock a “buy” rating in a research report on Friday, July 26th. Atlantic Securities assumed coverage on Fiserv in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $131.00 price target on the stock. Finally, Wedbush raised their price target on Fiserv from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th.

Shares of Fiserv stock traded down $0.80 during trading on Friday, hitting $105.39. 2,005,324 shares of the stock traded hands, compared to its average volume of 3,413,467. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a market cap of $42.00 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 2.28 and a beta of 0.79. The firm’s fifty day moving average is $105.02 and its 200-day moving average is $95.68. Fiserv has a 52 week low of $68.45 and a 52 week high of $109.92.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. Fiserv had a return on equity of 53.08% and a net margin of 16.08%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. On average, analysts forecast that Fiserv will post 3.9 earnings per share for the current fiscal year.

In other news, insider Guy Chiarello sold 46,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the transaction, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $106.33, for a total value of $2,658,250.00. Following the transaction, the chief executive officer now owns 257,829 shares of the company’s stock, valued at approximately $27,414,957.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,000 shares of company stock valued at $15,486,250. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the business. BTC Capital Management Inc. raised its stake in Fiserv by 1.2% during the third quarter. BTC Capital Management Inc. now owns 55,714 shares of the business services provider’s stock valued at $5,766,000 after buying an additional 664 shares during the last quarter. Park Avenue Securities LLC purchased a new position in Fiserv during the third quarter valued at $707,000. Zeke Capital Advisors LLC raised its stake in Fiserv by 43.0% during the third quarter. Zeke Capital Advisors LLC now owns 8,376 shares of the business services provider’s stock valued at $868,000 after buying an additional 2,518 shares during the last quarter. NEXT Financial Group Inc raised its stake in Fiserv by 201.7% during the third quarter. NEXT Financial Group Inc now owns 6,420 shares of the business services provider’s stock valued at $665,000 after buying an additional 4,292 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Fiserv by 172.4% during the third quarter. Wedbush Securities Inc. now owns 7,338 shares of the business services provider’s stock valued at $760,000 after buying an additional 4,644 shares during the last quarter.

About Fiserv

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; Internet and 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.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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