Fiserv Inc (FISV) is Initiated by Compass Point to Sell, Price Target at $85

Fiserv Inc (FISV) was Initiated by Compass Point to “Sell” and the brokerage firm has set the Price Target at $85. Compass Point advised their investors in a research report released on Apr 15, 2016.

On the company’s financial health, Fiserv Inc reported $1.00 EPS for the quarter, based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus estimate of $1.00. The company had revenue of $1368.00 million for the quarter, compared to analysts expectations of $1395.80 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Fiserv Inc closed down -0.71 points or -0.71% at $99.75 with 6,75,488 shares getting traded on Monday. Post opening the session at $100.91, the shares hit an intraday low of $99.7 and an intraday high of $101.42 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 25, 2016, Lynn S. Mccreary (Chief Legal Officer) sold 5,283 shares at $97.62 per share price. According to the SEC, on Feb 23, 2016, Thomas J Hirsch (Chief Financial Officer) sold 44,274 shares at $97.77 per share price. On Feb 22, 2016, Daniel P Kearney (director) sold 6,136 shares at $96.25 per share price, according to the Form-4 filing with the securities and exchange commission.

Fiserv Inc. (Fiserv) is a global provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services and related services including document and payment card production and distribution check processing and imaging source capture systems and lending and risk management products and services. The Company’s Payments and Industry Products segment primarily provides debit credit and prepaid 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. The Company’s Financial Institution Services business segment provides account processing services item processing and source capture services loan origination and servicing products cash management and consulting services.

Fiserv Inc

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Fiserv Inc - Is it time to Sell?

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