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.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. equities analysts predict that Fiserv will post 3.13 earnings per share for the current fiscal year.

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.

About Fiserv

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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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