Fiserv (FISV) Price Target Increased to $160.00 by Analysts at Robert W. Baird
Fiserv (NASDAQ:FISV) had its price objective lifted by Robert W. Baird from $146.00 to $160.00 in a report released on Wednesday. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would suggest a potential upside of 13.31% from the stock’s previous close.
FISV has been the subject of a number of other reports. Zacks Investment Research upgraded Fiserv from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Credit Suisse Group increased their price target on Fiserv from $126.00 to $140.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Fiserv in a report on Sunday, October 8th. Cantor Fitzgerald reiterated a “hold” rating and set a $126.00 price target on shares of Fiserv in a report on Wednesday, November 1st. Finally, Cowen reiterated a “hold” rating and set a $115.00 price target on shares of Fiserv in a report on Thursday, October 12th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.65.
Shares of Fiserv (NASDAQ FISV) traded up $0.81 during trading on Wednesday, reaching $141.20. The company’s stock had a trading volume of 105,701 shares, compared to its average volume of 850,707. 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 52-week low of $104.51 and a 52-week high of $141.08. The firm has a market cap of $29,300.00, a P/E ratio of 33.54, a P/E/G ratio of 2.13 and a beta of 0.82.
In other news, insider Kevin J. Schultz sold 3,439 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the sale, the insider now owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Sun Life Financial INC grew its stake 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 buying an additional 1,539 shares during the period. Coastline Trust Co bought a new position in Fiserv in the 3rd quarter valued at about $202,000. Univest Corp of Pennsylvania bought a new position in Fiserv in the 4th quarter valued at about $202,000. Paragon Capital Management Ltd bought a new position in Fiserv in the 3rd quarter valued at about $206,000. Finally, Associated Banc Corp bought a new position in Fiserv in the 3rd quarter valued at about $261,000. Institutional investors own 88.50% of the company’s stock.
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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