Deutsche Bank Maintains Fiserv Inc to Hold with Price Target $101.00

Brokerage firm Deutsche Bank Maintains its rating on Fiserv Inc(NASDAQ:FISV). In a research note issued to the investors, the brokerage major Raises the price-target to $101.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 3, 2016.

In a different note, On Jul 7, 2016, Barclays said it Maintains its rating on Fiserv Inc. In the research note, the firm Raises the price-target to $93.00 per share. The shares have been rated ‘Equalweight’ by the firm. On May 9, 2016, Argus Research said it Upgrades its rating on Fiserv Inc. The shares have been rated ‘Buy’ by the firm.

Fiserv Inc (FISV) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.03% at a volume of 7,50,381. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $103.91. The peak price level was also seen at $103.91 while the days lowest was $102.95. Finally the shares closed at $103.36. The 52-week high of the shares is $111.51 while the 52-week low is $77.96. According to the latest information available, the market cap of the company is $22,720 M.

Fiserv Inc(FISV) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.36B. Analysts had an estimated revenue of $1.38B. Earnings per share were $1.08. Analysts had estimated an EPS of $1.07.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Jeffery W Yabuki (President and CEO) sold 12,000 shares at $105.86 per share price.Also, On Jun 1, 2016, Rahul Gupta (Group President) sold 28,603 shares at $105.01 per share price.On May 26, 2016, Kim M Robak (director) sold 5,096 shares at $104.31 per share price, according to the Form-4 filing with the securities and exchange commission.

Fiserv Inc. (Fiserv) is a global provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services and related services including document and payment card production and distribution check processing and imaging source capture systems and lending and risk management products and services. The Company’s Payments and Industry Products segment primarily provides debit credit and prepaid card processing and services electronic bill payment and presentment services Internet and mobile banking software and services person-to-person payment services and other electronic payments software and services. The Company’s Financial Institution Services business segment provides account processing services item processing and source capture services loan origination and servicing products cash management and consulting services.

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