Fiserv Inc (FISV) is Reiterated by Barclays to Equal Weight, Raises Price Target to $ 100

Fiserv Inc (FISV) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 100 from a previous price target of $93 . Barclays advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on Fiserv Inc. Compass Point Initiated Fiserv Inc on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $85.

On the company’s financial health, Fiserv Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.02. The company had revenue of $1331.00 million for the quarter, compared to analysts expectations of $1338.22 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

Fiserv Inc opened for trading at $108.64 and hit $109.66 on the upside on Tuesday, eventually ending the session at $109.43, with a gain of 0.48% or 0.52 points. The heightened volatility saw the trading volume jump to 15,11,396 shares. Company has a market cap of $24,330 M.

In a different news, on Jun 16, 2016, Jeffery W Yabuki (President and CEO) sold 12,000 shares at $105.86 per share price. According to the SEC, on Jun 1, 2016, Rahul Gupta (Group President) sold 28,603 shares at $105.01 per share price. On May 26, 2016, Kim M Robak (director) sold 5,096 shares at $104.31 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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