Analysts at Pacific Crest began coverage on shares of Fiserv Inc. (NASDAQ:FISV) in a research report issued to clients and investors on Friday. The firm set a $101.00 price target on the stock. Pacific Crest’s price target points to a potential downside of 3.86% from the stock’s current price.

Several other equities analysts have also recently commented on FISV. Jefferies Group increased their target price on Fiserv from $119.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Barclays PLC increased their target price on Fiserv from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “hold” rating and set a $101.00 target price on shares of Fiserv in a research note on Wednesday, August 3rd. Zacks Investment Research cut Fiserv from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Deutsche Bank AG increased their target price on Fiserv from $95.00 to $101.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Fiserv has a consensus rating of “Hold” and an average price target of $107.35.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Fiserv (NASDAQ:FISV) opened at 105.06 on Friday. Fiserv has a 52 week low of $85.63 and a 52 week high of $111.51. The firm has a 50-day moving average of $99.83 and a 200 day moving average of $103.52. The firm has a market capitalization of $22.80 billion, a PE ratio of 26.35 and a beta of 0.82.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Wednesday, October 26th. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.01. The firm earned $1.38 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Fiserv had a return on equity of 36.84% and a net margin of 16.61%. Fiserv’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. Analysts predict that Fiserv will post $4.45 earnings per share for the current year.

In other Fiserv news, insider Jeffery W. Yabuki sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $102.45, for a total transaction of $1,229,400.00. Following the completion of the sale, the insider now directly owns 302,194 shares in the company, valued at approximately $30,959,775.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rahul Gupta sold 15,225 shares of the firm’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $101.02, for a total value of $1,538,029.50. Following the sale, the insider now owns 66,129 shares of the company’s stock, valued at $6,680,351.58. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

A number of large investors have recently made changes to their positions in the company. American National Bank raised its stake in shares of Fiserv by 0.6% in the second quarter. American National Bank now owns 48,360 shares of the company’s stock worth $5,258,000 after buying an additional 288 shares during the last quarter. Bank of Stockton raised its stake in shares of Fiserv by 1.4% in the second quarter. Bank of Stockton now owns 7,485 shares of the company’s stock worth $814,000 after buying an additional 105 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in shares of Fiserv by 1.0% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 190,178 shares of the company’s stock worth $20,678,000 after buying an additional 1,817 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of Fiserv by 6.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 57,550 shares of the company’s stock worth $6,257,000 after buying an additional 3,270 shares during the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Fiserv by 3.0% in the second quarter. DNB Asset Management AS now owns 17,070 shares of the company’s stock worth $1,856,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company operates through two segments: Payments and Industry Products (Payments) and Financial Institution Services (Financial). The Payments segment provides debit and credit card processing and services, electronic bill payment and presentment services, Internet and mobile banking software and services, person-to-person payment services, and other electronic payments software and services.

5 Day Chart for NASDAQ:FISV

Receive News & Stock Ratings for Fiserv Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv Inc. and related stocks with our FREE daily email newsletter.