RBC Capital analyst Daniel Perlin maintained a Buy rating on Fiserv (FISV) on October 19 and set a price target of $136.00. The company’s shares closed last Tuesday at $99.53.
According to TipRanks.com, Perlin is a top 100 analyst with an average return of 22.3% and a 76.0% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Jack Henry & Associates.
Fiserv has an analyst consensus of Strong Buy, with a price target consensus of $126.65, a 27.8% upside from current levels. In a report issued on October 6, Credit Suisse also upgraded the stock to Buy with a $135.00 price target.
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The company has a one-year high of $125.05 and a one-year low of $73.50. Currently, Fiserv has an average volume of 4.65M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FISV in relation to earlier this year.
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Fiserv, Inc. engages in the provision of financial services technology. It operates through the Payments, Financial, and Corporate and Other segments. The Payments segment primarily provides electronic bill payment and presentment services, internet and mobile banking software and services, account-to-account transfers, person-to-person payment services, debit and credit card processing and services, payments infrastructure services, and other electronic payments software and services. The Financial segment provides financial institutions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. The Corporate and Other segment consists of intercompany eliminations, amortization of acquisition-related intangible assets, unallocated corporate expenses and other activities that are not considered when management evaluates segment performance, such as gains on sales of businesses and associated transition services. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Brookfield, WI.