Fiserv Inc (FISV) is Initiated by Wedbush to Outperform, Price Target at $115

Fiserv Inc (FISV) was Initiated by Wedbush to “Outperform” and the brokerage firm has set the Price Target at $115. Wedbush advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on Fiserv Inc. Company shares were Reiterated by Barclays on Jul 7, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 100 from a previous price target of $93 .

On the company’s financial health, Fiserv Inc reported $1.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.07. The company had revenue of $1363.00 million for the quarter, compared to analysts expectations of $1379.29 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Fiserv Inc closed down -0.57 points or -0.55% at $103.13 with 635,637 shares getting traded on Wednesday. Post opening the session at $103.76, the shares hit an intraday low of $102.88 and an intraday high of $103.76 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 18, 2016, Jeffery W Yabuki (President and CEO) sold 12,000 shares at $101.97 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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