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.

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

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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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