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

Fiserv (NASDAQ:FISV) has been assigned a $148.00 price target by stock analysts at Argus in a research note issued on Friday. The firm presently has a “buy” rating on the business services provider’s stock. Argus’ price target indicates a potential upside of 7.86% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Barclays reaffirmed a “hold” rating and issued a $141.00 price target on shares of Fiserv in a report on Friday, January 5th. Zacks Investment Research raised Fiserv from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. SunTrust Banks reaffirmed a “hold” rating and issued a $130.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reaffirmed a “hold” rating and issued a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $132.78.

Fiserv (NASDAQ FISV) opened at $137.22 on Friday. The stock has a market capitalization of $28,596.51, a price-to-earnings ratio of 32.59, a price-to-earnings-growth ratio of 2.08 and a beta of 0.82. Fiserv has a twelve month low of $104.51 and a twelve month high of $138.07. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.01 and a quick ratio of 1.01.

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

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

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

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Fiserv Company Profile

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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