Fiserv (NASDAQ:FISV) had its target price upped by BMO Capital Markets from $133.00 to $152.00 in a report released on Thursday morning. BMO Capital Markets currently has an average rating on the business services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Fiserv from a sell rating to a hold rating in a research report on Monday, October 16th. Cowen reiterated a hold rating and issued a $115.00 target price on shares of Fiserv in a research report on Thursday, October 12th. Cantor Fitzgerald reiterated a hold rating and issued a $126.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Barclays reiterated a hold rating and issued a $141.00 target price on shares of Fiserv in a research report on Friday, January 5th. Finally, SunTrust Banks reiterated a hold rating and issued a $130.00 target price on shares of Fiserv in a research report on Wednesday, November 1st. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Fiserv currently has an average rating of Hold and an average target price of $139.86.

Fiserv (FISV) opened at $137.46 on Thursday. Fiserv has a 52 week low of $108.85 and a 52 week high of $144.20. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.01. The company has a market cap of $28,646.53, a P/E ratio of 23.70, a P/E/G ratio of 1.94 and a beta of 0.87.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $1.16 EPS. The company’s revenue was up 5.9% on a year-over-year basis. analysts forecast that Fiserv will post 6.18 earnings per share for the current fiscal year.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total transaction of $2,356,030.00. Following the transaction, the insider now owns 203,051 shares in the company, valued at approximately $28,140,838.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the transaction, the insider now owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock worth $6,605,353 in the last 90 days. 1.80% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in FISV. Gotham Asset Management LLC bought a new position in shares of Fiserv during the 2nd quarter valued at $373,000. Bank of Nova Scotia raised its holdings in shares of Fiserv by 111.4% during the 2nd quarter. Bank of Nova Scotia now owns 103,963 shares of the business services provider’s stock valued at $12,719,000 after purchasing an additional 54,781 shares in the last quarter. Nomura Holdings Inc. raised its holdings in shares of Fiserv by 371.9% during the 2nd quarter. Nomura Holdings Inc. now owns 24,667 shares of the business services provider’s stock valued at $3,019,000 after purchasing an additional 19,440 shares in the last quarter. Cypress Capital Group bought a new position in shares of Fiserv during the 2nd quarter valued at $489,000. Finally, Verition Fund Management LLC raised its holdings in shares of Fiserv by 25.0% during the 2nd quarter. Verition Fund Management LLC now owns 3,351 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 671 shares in the last quarter. Institutional investors and hedge funds own 88.49% 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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