Fiserv (NASDAQ:FISV) PT Raised to $99.00 at Morgan Stanley

Fiserv (NASDAQ:FISV) had its price target increased by equities research analysts at Morgan Stanley from $96.00 to $99.00 in a research report issued to clients and investors on Wednesday, Anlyst Ratings reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price target points to a potential upside of 3.37% from the company’s previous close.

A number of other equities research analysts have also issued reports on FISV. Wedbush restated an “outperform” rating on shares of Fiserv in a report on Wednesday, July 22nd. BidaskClub raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Friday, September 18th. Robert W. Baird boosted their target price on shares of Fiserv from $134.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. ValuEngine downgraded shares of Fiserv from a “hold” rating to a “sell” rating in a research report on Friday, October 23rd. Finally, Credit Suisse Group raised shares of Fiserv from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $135.00 in a research report on Tuesday, October 6th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.00.

NASDAQ FISV opened at $95.77 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $100.88 and its 200 day simple moving average is $100.66. Fiserv has a 12 month low of $73.50 and a 12 month high of $125.05. The company has a market capitalization of $64.13 billion, a P/E ratio of 76.01, a PEG ratio of 1.38 and a beta of 0.78.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, October 27th. The business services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. Fiserv had a net margin of 5.82% and a return on equity of 8.34%. On average, analysts anticipate that Fiserv will post 4.4 earnings per share for the current year.

In other news, major shareholder Omaha Holdings L.P. New sold 5,000,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $98.00, for a total value of $490,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeffery W. Yabuki sold 30,000 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $102.44, for a total transaction of $3,073,200.00. Following the completion of the transaction, the chairman now owns 243,837 shares of the company’s stock, valued at approximately $24,978,662.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,062,100 shares of company stock valued at $496,326,349. Corporate insiders own 1.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Fiserv by 19.2% during the 3rd quarter. IFP Advisors Inc now owns 2,052 shares of the business services provider’s stock worth $210,000 after purchasing an additional 331 shares in the last quarter. Keybank National Association OH increased its position in shares of Fiserv by 22.2% during the 3rd quarter. Keybank National Association OH now owns 6,238 shares of the business services provider’s stock worth $643,000 after purchasing an additional 1,132 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Fiserv by 19.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 200,342 shares of the business services provider’s stock worth $20,451,000 after purchasing an additional 32,537 shares in the last quarter. Smithbridge Asset Management Inc. DE increased its position in shares of Fiserv by 1.3% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 36,176 shares of the business services provider’s stock worth $3,728,000 after purchasing an additional 470 shares in the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Fiserv by 20.2% during the 3rd quarter. CAPROCK Group Inc. now owns 4,597 shares of the business services provider’s stock worth $474,000 after purchasing an additional 771 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. Its First Data segment provides merchant acquiring, e-commerce, mobile commerce, and other business solutions; credit card and loan account processing, commercial payments, customer communications, plastics solutions, customer service, and other products; and various network solutions and security, and risk and fraud management solutions.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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