Analyst Rating Update on Fiserv (FISV)

Fiserv (NASDAQ:FISV) has an average broker rating of 2.47, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Fiserv (NASDAQ:FISV) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $119 and the lowest price target forecast is $90. The average forecast of all the analysts is $101.22 and the expected standard deviation is $11.02.

Company shares have received an average consensus rating of Hold for the current week Also, Argus Research upgrades its view on Fiserv (NASDAQ:FISV) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on May 9, 2016.

Fiserv (NASDAQ:FISV): stock turned positive on Tuesday. Though the stock opened at $102.92, the bulls momentum made the stock top out at $104.89 level for the day. The stock recorded a low of $102.66 and closed the trading day at $104.78, in the green by 2.27%. The total traded volume for the day was 1,123,114. The stock had closed at $102.45 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Yabuki Jeffery W, director officer (President and CEO) of Fiserv Inc, had unloaded 12,000 shares at an average price of $105.86 in a transaction dated on June 15, 2016. The total value of the transaction was worth $1,270,320.

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 Companys 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 Companys 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.