How Sterne Agee CRT Currently Rates Fiserv (NASDAQ:FISV)
Analysts at Sterne Agee CRT have started coverage for shares of Fiserv (NASDAQ:FISV) in a recent report revealed on Thursday, 17 December. The financial company set a “Buy” rating on the $21.24 billion market cap firm.
From a total of 17 analysts covering Fiserv (NASDAQ:FISV) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 14 a ”Hold”. This means that 26% of the ratings are positive. The highest target price is $115 while the lowest target price is $83. The mean of all analyst targets is $97.97 with a 2.76% above today’s ($93.18) stock price. Fiserv was the topic of 10 analyst reports since July 30, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on December 11 with “Neutral” rating. RBC Capital Markets maintained shares with “Sector Perform” rating and $90 target share price in a report from a July 30. Topeka Capital Markets maintained FISV stock in a recent report from October 28 with “Hold” rating. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on an August 14.
Approximately 465,299 shares of stock traded hands. Fiserv Inc (NASDAQ:FISV) has risen 15.78% since May 14, 2015 and is uptrending. It has outperformed by 18.04% the S&P500.
The overall sentiment of institutions has decreased to 0.84 in Q2 2015. Its down 0.05, from 0.89 in 2015Q2. The ratio turned negative, as 32 institutions have sold all the shares of Fiserv Inc that they owned while 276 funds have taken shares off the table. 52 funds have purchased shares for the first time while 208 added to their positions. These institutions now hold 214.97 million shares or 3.55% more than the 207.60 million shares they owned in 2015Q2.
The Fund Pittenger & Anderson Inc currently is holding shares equating to 27.95% of its total portfolio in Fiserv Inc representing a total of 2.43 million shares. Another fund,Mountain Pacific Investment Advisers Inc Id, is holding a total of 523,389 shares equating to 5.63% of their holdings. Additionally, Woodley Farra Manion Portfolio Management Inc has a 325,118 share stake in Fiserv Inc which represents 5.63% of their total portfolio. The Fund, Marshall & Sullivan Inc Wa, based out of Washington, has also built up a stake in the stock, which represents a total of 5.24% of their total portfolio. Finally Birch Hill Investment Advisors Llc, a fund which is based in the state of Massachusetts reported a total holdings of 538,289 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 20, 2015, shareholders of Fiserv Inc have witnessed 0 insider purchases, and a total of 5 insider sales equating to a net activity of approximately $13.06 million . Yabuki Jeffery W sold 14,000 shares worth approximately $1.30 million. Gupta Rahul sold 93,802 shares worth approximately $8.07M. Hirsch Thomas J sold 13,198 shares worth approximately $1.07M. Robak Kim M sold 6,864 shares worth approximately $554,405.
Fiserv, Inc. is a global provider of financial services technology. The company has a market cap of $21.24 billion. The Firm provides account processing systems; electronic payments processing services and products, and related services, including document and payment card production and distribution, check processing and imaging, source capture systems, and lending and risk management services and products. It has 31.96 P/E ratio. 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.
According to Zacks Investment Research, “Fiserv, Inc., a Fortune five hundred company, provides information management systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, business process outsourcing, software and systems solutions.”