Fiserv (FISV) Price Target Raised to $85.00 at Robert W. Baird
Fiserv (NASDAQ:FISV) had its price objective raised by Robert W. Baird from $82.00 to $85.00 in a research report released on Monday morning. The firm currently has an outperform rating on the business services provider’s stock.
A number of other equities research analysts have also recently commented on FISV. BidaskClub upgraded shares of Fiserv from a buy rating to a strong-buy rating in a report on Friday, June 8th. Wolfe Research started coverage on shares of Fiserv in a report on Tuesday, July 17th. They set a market perform rating on the stock. Cantor Fitzgerald reiterated a hold rating and set a $73.00 price target on shares of Fiserv in a report on Wednesday, August 1st. SunTrust Banks increased their price target on shares of Fiserv to $87.00 and gave the company a buy rating in a report on Wednesday, August 1st. Finally, Deutsche Bank increased their price target on shares of Fiserv from $63.50 to $71.00 and gave the company a hold rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $77.30.
NASDAQ:FISV opened at $80.92 on Monday. Fiserv has a 52 week low of $60.19 and a 52 week high of $81.87. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $32.98 billion, a PE ratio of 28.58, a PEG ratio of 2.26 and a beta of 0.80.
In related news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $78.64, for a total transaction of $3,932,000.00. Following the transaction, the insider now owns 467,380 shares in the company, valued at $36,754,763.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 150,000 shares of company stock worth $11,769,500. 1.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Old Port Advisors bought a new position in Fiserv in the second quarter worth approximately $226,000. Royal London Asset Management Ltd. bought a new position in Fiserv in the second quarter worth approximately $13,046,000. HM Payson & Co. raised its position in Fiserv by 104.0% in the second quarter. HM Payson & Co. now owns 287,158 shares of the business services provider’s stock worth $21,275,000 after acquiring an additional 146,415 shares during the period. BDO Wealth Advisors LLC raised its position in Fiserv by 3.4% in the second quarter. BDO Wealth Advisors LLC now owns 25,811 shares of the business services provider’s stock worth $1,912,000 after acquiring an additional 850 shares during the period. Finally, Schroder Investment Management Group raised its position in Fiserv by 47.8% in the second quarter. Schroder Investment Management Group now owns 549,879 shares of the business services provider’s stock worth $40,653,000 after acquiring an additional 177,954 shares during the period. Institutional investors and hedge funds own 88.31% of the company’s stock.
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; 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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