Fiserv (FISV) Receives a Rating Update from a Top Analyst


Cantor Fitzgerald analyst Joseph Foresi maintained a Hold rating on Fiserv (FISV) today and set a price target of $83. The company’s shares closed yesterday at $84.01, close to its 52-week high of $85.65.

Foresi commented:

“: We maintain our Neutral rating and raise our 12-month PT to $83 from $73 on FISV. We are awaiting further color on the catalysts that we believe will drive sustainable internal revenue growth acceleration for core FISV. Fourth-quarter top-line results were in line with expectations, but internal growth decelerated slightly in the period. We could become more constructive on better visibility of revenue growth acceleration and/or margin accretion from new solutions or strategic acquisitions, or a better entry point. We are warming up to the FISV/ FDC acquisition.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 18.8% and a 80.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

Currently, the analyst consensus on Fiserv is a Strong Buy with an average price target of $89.30, which is a 6.3% upside from current levels. In a report issued on January 29, SunTrust Robinson also downgraded the stock to Hold with a $87 price target.

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Fiserv’s market cap is currently $33.69B and has a P/E ratio of 24.46. The company has a Price to Book ratio of 12.66.

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Fiserv, Inc. engages in the provision of financial services technology. It operates through the Payments and Industry Products and Financial Institution Services segments. The Payments and Industry Products segment offers financial institutions and other companies with the products and services required to process electronic payment transactions.

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