Fiserv (NASDAQ:FISV) had its price objective boosted by research analysts at Citigroup from $138.00 to $140.00 in a research note issued to investors on Friday. The firm currently has a “neutral” rating on the business services provider’s stock. Citigroup’s price objective would indicate a potential upside of 1.85% from the stock’s previous close.

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

Shares of Fiserv (NASDAQ FISV) opened at $137.46 on Friday. Fiserv has a fifty-two week low of $108.85 and a fifty-two week high of $144.20. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79. The stock has a market cap of $28,646.53, a price-to-earnings ratio of 23.70, a PEG 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 earnings per share (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 company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that Fiserv will post 6.18 earnings per share for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffery W. Yabuki sold 2,000 shares of Fiserv 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 completion of the transaction, the insider now owns 236,835 shares in the company, valued at approximately $30,397,772.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Univest Corp of Pennsylvania purchased a new position in shares of Fiserv in the fourth quarter valued at about $202,000. Coastline Trust Co purchased a new position in shares of Fiserv in the third quarter valued at about $202,000. Paragon Capital Management Ltd purchased a new position in shares of Fiserv in the third quarter valued at about $206,000. Associated Banc Corp purchased a new position in shares of Fiserv in the third quarter valued at about $261,000. Finally, Claraphi Advisory Network LLC purchased a new position in shares of Fiserv in the fourth quarter valued at about $267,000. Hedge funds and other institutional investors 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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