Fiserv Inc (FISV) was Upgraded by Monness Crespi & Hardt to ” Buy” and the brokerage firm has set the Price Target at $115. Earlier the firm had a rating of “Neutral ” on the company shares. Monness Crespi & Hardt advised their investors in a research report released on Oct 4, 2016.
Many Wall Street Analysts have commented on Fiserv Inc. Wedbush Initiated Fiserv Inc on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $115.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 -0.25 points or -0.25% at $99.47 with 14,56,494 shares getting traded on Friday. Post opening the session at $99.76, the shares hit an intraday low of $98.95 and an intraday high of $99.9799 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 22, 2016, Jeffery W Yabuki (President and CEO) sold 12,000 shares at $100.73 per share price. According to the SEC, on Sep 13, 2016, Rahul Gupta (Group President) sold 15,225 shares at $101.02 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 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.