Raymond James began coverage on shares of Fiserv (NASDAQ:FISV) in a research report report published on Friday morning, Benzinga reports. The brokerage issued an outperform rating and a $103.00 price target on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Fiserv from a buy rating to a hold rating in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods began coverage on Fiserv in a research report on Monday, April 8th. They issued a market perform rating and a $101.00 target price for the company. Oppenheimer upped their target price on Fiserv from $97.00 to $105.00 and gave the stock an outperform rating in a research report on Wednesday, June 12th. SunTrust Banks raised Fiserv from a hold rating to a buy rating and upped their target price for the stock from $91.00 to $100.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Deutsche Bank upped their target price on Fiserv from $71.00 to $94.00 and gave the stock a hold rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $92.82.

Shares of NASDAQ FISV opened at $90.81 on Friday. Fiserv has a 1-year low of $68.45 and a 1-year high of $92.29. The stock has a 50-day moving average of $87.70. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $35.90 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Fiserv had a return on equity of 50.83% and a net margin of 16.81%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Fiserv will post 3.45 earnings per share for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $88.95, for a total transaction of $177,900.00. Following the transaction, the insider now owns 371,429 shares of the company’s stock, valued at approximately $33,038,609.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $85.21, for a total value of $1,704,200.00. Following the transaction, the chief executive officer now directly owns 391,146 shares in the company, valued at approximately $33,329,550.66. The disclosure for this sale can be found here. Insiders sold 62,000 shares of company stock valued at $5,376,500 in the last three months. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in FISV. Egerton Capital UK LLP bought a new position in Fiserv during the 1st quarter worth approximately $568,121,000. Norges Bank bought a new position in Fiserv during the 4th quarter worth approximately $288,462,000. Lazard Asset Management LLC lifted its holdings in Fiserv by 857.8% during the 1st quarter. Lazard Asset Management LLC now owns 3,493,843 shares of the business services provider’s stock worth $308,435,000 after buying an additional 3,129,050 shares during the last quarter. Findlay Park Partners LLP lifted its holdings in Fiserv by 144.4% during the 1st quarter. Findlay Park Partners LLP now owns 3,850,000 shares of the business services provider’s stock worth $339,878,000 after buying an additional 2,275,000 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Fiserv by 50.9% during the 1st quarter. Janus Henderson Group PLC now owns 4,060,675 shares of the business services provider’s stock worth $358,489,000 after buying an additional 1,370,268 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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