Several analysts have recently updated their ratings and price targets for Fiserv (NASDAQ: FISV):

  • 8/8/2017 – Fiserv had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $128.00 price target on the stock, up previously from $123.00.
  • 8/3/2017 – Fiserv had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $115.00 price target on the stock.
  • 8/2/2017 – Fiserv had its price target raised by analysts at Credit Suisse Group from $123.00 to $126.00. They now have a “neutral” rating on the stock.
  • 8/2/2017 – Fiserv had its price target raised by analysts at Royal Bank Of Canada from $123.00 to $128.00. They now have a “sector perform” rating on the stock.
  • 8/2/2017 – Fiserv had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $123.00 price target on the stock, up previously from $115.00.
  • 8/1/2017 – Fiserv had its price target raised by analysts at BMO Capital Markets from $112.00 to $133.00. They now have a “market perform” rating on the stock.
  • 7/24/2017 – Fiserv was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/19/2017 – Fiserv was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “Fiserv has outperformed the S&P 500 index on a year-to-date basis. Meanwhile, estimates have been stable lately ahead of the company's Q2 earnings release. The company has positive record of earnings surprises in recent quarters. We note that the company has a leading position in the financial and payments solutions business along with broad and diverse customer base, strong product portfolio and high recurring revenues. We believe that these along with new customer win will  drive future growth for the company. The company is also expected to benefit from its five year cost cutting program. Nonetheless, we continue to be wary of stricter regulations in the banking/financial services industry and stiff competition.”
  • 7/17/2017 – Fiserv was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $136.00 price target on the stock, up previously from $131.00.
  • 7/5/2017 – Fiserv was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/20/2017 – Fiserv had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $118.00 price target on the stock. They wrote, “FISV remains focused on drivers of incremental growth, which are off to a slower start than expected, which management attributes to timing. The drivers and their adoption rate are Agiliti (Low Adoption), Mobiliti (Moderate), DNA (High), EMV (High), Now Network (Moderate), and Integrated Payments (Low). These growth drivers are expected to add 25-40bps to annual revenue growth in 2017, 30-60bps in 2018, and 40-70bps in 2019.””
  • 6/14/2017 – Fiserv had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $134.00 price target on the stock, up previously from $128.00.

Fiserv, Inc. (NASDAQ FISV) opened at 122.49 on Friday. The company has a 50-day moving average price of $124.36 and a 200-day moving average price of $118.93. The company has a market capitalization of $25.78 billion, a price-to-earnings ratio of 29.99 and a beta of 0.81. Fiserv, Inc. has a one year low of $92.81 and a one year high of $129.35.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by $0.04. Fiserv had a return on equity of 41.79% and a net margin of 16.04%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post $5.10 EPS for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the completion of the sale, the insider now owns 286,151 shares of the company’s stock, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 51,000 shares of company stock valued at $6,339,810 in the last ninety days. Company insiders own 1.80% 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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