Cantor Fitzgerald Keeps a Hold Rating on Fiserv

By Jason Carr

Cantor Fitzgerald analyst Joseph Foresi reiterated a Hold rating on Fiserv (NASDAQ: FISV) today and set a price target of $118. The company’s shares opened today at $124.62, close to its 52-week high of $126.28.

Foresi said:

“FISV remains focused on drivers of incremental growth, which are off to a slower start than expected, which management attributes to timing. The drivers and their adoption rate are Agiliti (Low Adoption), Mobiliti (Moderate), DNA (High), EMV (High), Now Network (Moderate), and Integrated Payments (Low). These growth drivers are expected to add 25-40bps to annual revenue growth in 2017, 30-60bps in 2018, and 40-70bps in 2019.”

According to, Foresi is a 5-star analyst with an average return of 12.0% and a 84.5% success rate. Foresi covers the Technology sector, focusing on stocks such as Automatic Data Processing, Fidelity National Info, and DXC Technology Company.

Currently, the analyst consensus on Fiserv is Hold and the average price target is $117, representing a -6.1% downside.

In a report released today, Oppenheimer also maintained a Hold rating on the stock.

Fiserv’s market cap is currently $26.54B and has a P/E ratio of 31.22. The company has a book value ratio of 10.9954.

Based on the recent corporate insider activity of 48 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. Last month, Glenn Renwick, a Director at FISV bought 5,096 shares for a total of $134,993.

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Fiserv, Inc. provides financial services technology. It operates through the Payments and Industry Products and Financial Institution Services segments. The Payments and Industry Products segment provides financial institutions and other companies with the products and services required to process electronic payment transactions. The Financial Institution Services segment provides banks, thrifts, and credit unions with account processing services, item processing and source capture services, loan origination and servicing products, cash management and consulting services, and other products and services that support numerous types of financial transactions. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Brookfield, WI.