In a report issued on July 27, David Koning from Robert W. Baird assigned a Buy rating to Fiserv (FISV – Research Report), with a price target of $132.00. The company’s shares closed last Thursday at $105.68.
According to TipRanks.com, Koning is a 4-star analyst with an average return of 3.6% and a 54.4% success rate. Koning covers the Technology sector, focusing on stocks such as TELUS International (CDA), Jack Henry & Associates, and Fidelity National Info.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fiserv with a $121.06 average price target, a 15.7% upside from current levels. In a report issued on July 20, Wolfe Research also maintained a Buy rating on the stock with a $127.00 price target.
Fiserv’s market cap is currently $67.52B and has a P/E ratio of 33.94.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FISV in relation to earlier this year. Most recently, in May 2022, Doyle Simons, a Director at FISV bought 10,904 shares for a total of $181,879.
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. is a technology-based financial services company that provides commerce-enabling technology and solutions for financial institutions, merchants, and card issuers. Further, it offers products and services that facilitate electronic payment transactions. Also, the company provides account processing, loan origination and servicing products, item processing and source capture, cash management and consulting services.
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