Fiserv Receives a Hold from Cowen & Co.

By Ryan Adsit

Cowen & Co. analyst Georgios Mihalos reiterated a Hold rating on Fiserv (NASDAQ: FISV) yesterday and set a price target of $115. The company’s shares closed yesterday at $126.74, close to its 52-week high of $129.81.

According to TipRanks.com, Mihalos is a 5-star analyst with an average return of 17.2% and a 84.7% success rate. Mihalos covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions Llc, Automatic Data Processing, and Fidelity National Info.

Currently, the analyst consensus on Fiserv is Moderate Buy and the average price target is $131, representing a 3.4% upside.

In a report issued on October 6, RBC Capital also reiterated a Hold rating on the stock with a $128 price target.

Fiserv’s market cap is currently $26.72B and has a P/E ratio of 30.99. The company has a book value ratio of 11.1739.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Last month, Kim Robak, a Director at FISV sold 6,124 shares for a total of $762,683.

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. 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.