UBS AG initiated coverage on shares of Fiserv (NASDAQ: FISV)
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an ?underperform? rating on shares of Fiserv in a research note to investors on Tuesday, January 15th. They now have a $79.00 price target on the stock. Separately, analysts at First Analysis downgraded shares of Fiserv from an ?overweight? rating to an ?equal weight? rating in a research note to investors on Tuesday, January 15th. Finally, analysts at Stephens downgraded shares of Fiserv from an ?overweight? rating to an ?equal weight? rating in a research note to investors on Tuesday, January 15th. They now have a $90.00 price target on the stock, up previously from $82.00.
Eight research analysts have rated the stock with a buy rating, thirteen have assigned a hold rating, and one has issued a sell rating to the company. Fiserv presently has an average rating of ?overweight? and a consensus target price of $86.60.
Shares of Fiserv traded down 0.61% during mid-day trading on Wednesday, hitting $81.23. Fiserv has a 52 week low of $62.18 and a 52 week high of $83.43. The stock?s 50-day moving average is currently $80.61. The company has a market cap of $10.842 billion and a P/E ratio of 19.84.
Fiserv last released its earnings data on Tuesday, October 30th. The company reported $1.27 earnings per share for the quarter, meeting the analysts? consensus estimate of $1.27. The company?s quarterly revenue was up 5.2% on a year-over-year basis. Fiserv has set its FY12 guidance at $5.08-5.20 EPS. On average, analysts predict that Fiserv will post $5.15 earnings per share for the current fiscal year.
Fiserv, Inc. (Fiserv) is a global provider of financial services technology. The Company serves banks, thrifts, credit unions, investment management firms, leasing and finance companies, retailers, merchants and government agencies.