Fiserv (NASDAQ:FISV) PT Raised to $105.00 at Wedbush
Fiserv (NASDAQ:FISV) had its price objective boosted by analysts at Wedbush from $95.00 to $105.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Wedbush’s price target indicates a potential upside of 11.81% from the company’s current price. Wedbush also issued estimates for Fiserv’s Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.84 EPS, Q4 2019 earnings at $0.96 EPS, Q3 2020 earnings at $0.95 EPS, Q4 2020 earnings at $1.06 EPS and FY2020 earnings at $3.86 EPS.
Several other research analysts have also weighed in on the stock. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Northcoast Research lowered shares of Illinois Tool Works from a “neutral” rating to a “sell” rating and set a $121.00 target price for the company. in a research note on Wednesday, June 26th. Susquehanna Bancshares initiated coverage on shares of StoneCo in a research note on Friday, May 31st. They set a “neutral” rating for the company. SunTrust Banks lowered shares of Inflarx from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $5.00 in a research note on Wednesday, June 5th. Finally, Oppenheimer set a $12.00 target price on shares of Teva Pharmaceutical Industries and gave the stock a “buy” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the stock. Fiserv currently has an average rating of “Buy” and an average price target of $93.17.
Shares of FISV opened at $93.91 on Monday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.07 and a quick ratio of 1.07. Fiserv has a 12-month low of $68.45 and a 12-month high of $95.42. The firm has a 50-day moving average price of $90.67. The stock has a market capitalization of $37.09 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.29 and a beta of 0.78.
In related news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total value of $177,900.00. Following the sale, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the completion of the sale, the insider now directly owns 354,929 shares in the company, valued at approximately $31,670,314.67. The disclosure for this sale can be found here. Insiders have sold 42,000 shares of company stock worth $3,672,300 in the last three months. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Bremer Bank National Association acquired a new stake in Fiserv in the first quarter valued at approximately $25,000. Sontag Advisory LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust increased its stake in Fiserv by 74.4% in the first quarter. Parkside Financial Bank & Trust now owns 464 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 198 shares during the last quarter. Glassman Wealth Services increased its stake in Fiserv by 76.9% in the first quarter. Glassman Wealth Services now owns 467 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 203 shares during the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in Fiserv in the first quarter valued at approximately $50,000. 87.39% of the stock is currently owned by hedge funds and other institutional investors.
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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