Fiserv (FISV) Lifted to Buy at SunTrust Banks
SunTrust Banks upgraded shares of Fiserv (NASDAQ:FISV) from a hold rating to a buy rating in a report issued on Friday, Marketbeat Ratings reports.
A number of other research firms have also recently weighed in on FISV. Credit Suisse Group lowered their target price on shares of Fiserv from $140.00 to $136.00 and set a neutral rating on the stock in a research note on Thursday, February 8th. Cowen reissued a hold rating and issued a $135.00 target price on shares of Fiserv in a research note on Thursday, February 8th. BMO Capital Markets upped their target price on shares of Fiserv from $133.00 to $152.00 and gave the company an average rating in a research note on Thursday, February 8th. Stephens reissued a hold rating and issued a $146.00 target price on shares of Fiserv in a research note on Friday. Finally, Cantor Fitzgerald reissued a hold rating and issued a $126.00 target price on shares of Fiserv in a research note on Wednesday, February 7th. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $139.86.
Fiserv (NASDAQ FISV) opened at $138.64 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.01 and a current ratio of 1.02. Fiserv has a fifty-two week low of $108.85 and a fifty-two week high of $144.20. The company has a market cap of $28,890.00, a price-to-earnings ratio of 24.20, a PEG ratio of 1.93 and a beta of 0.87.
In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $30,397,772.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Byron C. Vielehr sold 10,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the sale, the insider now directly owns 19,719 shares in the company, valued at $2,583,780.57. The disclosure for this sale can be found here. Insiders have sold 49,439 shares of company stock worth $6,605,353 over the last ninety days. Insiders own 1.80% of the company’s stock.
Institutional investors have recently modified their holdings of the business. ARK Investment Management LLC bought a new stake in Fiserv during the fourth quarter worth about $118,000. Coastline Trust Co bought a new stake in Fiserv during the third quarter worth about $202,000. Univest Corp of Pennsylvania bought a new stake in Fiserv during the fourth quarter worth about $202,000. Paragon Capital Management Ltd bought a new stake in Fiserv during the third quarter worth about $206,000. Finally, Associated Banc Corp bought a new stake in Fiserv during the third quarter worth about $261,000. 88.30% of the stock is currently owned by hedge funds and other 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.
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