In a report released yesterday, Harshita Rawat from Bernstein maintained a Buy rating on Fiserv (FI – Research Report), with a price target of $150.00. The company’s shares closed yesterday at $147.10.
According to TipRanks, Rawat is a 4-star analyst with an average return of 18.5% and a 69.05% success rate. Rawat covers the Technology sector, focusing on stocks such as Block, Fiserv, and Fidelity National Info.
Fiserv has an analyst consensus of Moderate Buy, with a price target consensus of $162.68, representing a 10.59% upside. In a report released on April 15, Susquehanna also reiterated a Buy rating on the stock with a $180.00 price target.
Based on Fiserv’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.87 billion and a net profit of $952 million. In comparison, last year the company earned a revenue of $4.52 billion and had a net profit of $481 million
Based on the recent corporate insider activity of 79 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 FI in relation to earlier this year. Last month, Guy Chiarello, the COO of FI sold 63,646.00 shares for a total of $9,801,484.00.
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 (FI) Company Description:
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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