Citigroup Boosts Fiserv (FISV) Price Target to $140.00
Fiserv (NASDAQ:FISV) had its target price hoisted by Citigroup from $138.00 to $140.00 in a research note issued to investors on Friday. Citigroup currently has a neutral rating on the business services provider’s stock.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a report on Monday, October 16th. Cowen reiterated a hold rating and issued a $115.00 target price on shares of Fiserv in a report on Thursday, October 12th. Cantor Fitzgerald restated a hold rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Barclays restated a hold rating and issued a $141.00 price target on shares of Fiserv in a research note on Friday, January 5th. Finally, SunTrust Banks restated a hold rating and issued a $130.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $139.86.
Fiserv (NASDAQ:FISV) opened at $137.46 on Friday. The stock has a market capitalization of $28,646.58, a price-to-earnings ratio of 26.85, a P/E/G ratio of 1.93 and a beta of 0.87. Fiserv has a fifty-two week low of $108.85 and a fifty-two week high of $144.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79.
In other news, insider Kevin J. Schultz sold 3,439 shares of Fiserv stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $131.51, for a total transaction of $452,262.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Byron C. Vielehr sold 10,000 shares of Fiserv stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $131.03, for a total value of $1,310,300.00. Following the sale, the insider now owns 19,719 shares in the company, valued at approximately $2,583,780.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,439 shares of company stock worth $6,605,353. 1.80% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank increased its position in shares of Fiserv by 10.9% during the third quarter. Toronto Dominion Bank now owns 80,652 shares of the business services provider’s stock worth $10,400,000 after purchasing an additional 7,944 shares in the last quarter. Huntington National Bank increased its position in Fiserv by 3.1% in the 3rd quarter. Huntington National Bank now owns 219,132 shares of the business services provider’s stock valued at $28,259,000 after acquiring an additional 6,646 shares during the period. Boothbay Fund Management LLC acquired a new position in Fiserv in the 3rd quarter valued at about $1,290,000. American National Bank increased its position in Fiserv by 2.8% in the 4th quarter. American National Bank now owns 40,843 shares of the business services provider’s stock valued at $5,356,000 after acquiring an additional 1,115 shares during the period. Finally, Westpac Banking Corp increased its position in Fiserv by 323.3% in the 3rd quarter. Westpac Banking Corp now owns 58,407 shares of the business services provider’s stock valued at $7,532,000 after acquiring an additional 44,609 shares during the period. Institutional investors and hedge funds own 88.30% of the company’s stock.
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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