Wells Fargo Maintains Their Buy Rating on Fiserv (FISV)


In a report released today, Timothy Willi from Wells Fargo maintained a Buy rating on Fiserv (FISV). The company’s shares closed last Tuesday at $94.62.

According to TipRanks.com, Willi is a 5-star analyst with an average return of 10.2% and a 55.7% success rate. Willi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Alliance Data Systems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fiserv with a $125.65 average price target, representing a 25.8% upside. In a report issued on March 27, J.P. Morgan also upgraded the stock to Buy with a $120.00 price target.

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Fiserv’s market cap is currently $63.99B and has a P/E ratio of 54.20. The company has a Price to Book ratio of -3.13.

Based on the recent corporate insider activity of 94 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. Most recently, in February 2020, Doyle Simons, a Director at FISV sold 13,728 shares for a total of $1,681,680.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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