Barclays Capital Sets Fiserv Price Target at $70.00 (FISV)

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Barclays Capital (NYSE: BCS) upped their price target on shares of Fiserv (NASDAQ: FISV) from $63.00 to $70.00 in a research note issued on Wednesday. The firm currently has an “equal weight” rating on the stock.

A number of other analysts have also recently weighed in on FISV. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Fiserv to $67.00 in a research note to investors on Wednesday. Separately, analysts at DA Davidson downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $75.00 price target on the stock. Finally, analysts at Northcoast Research downgraded shares of Fiserv from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, April 25th.

Fiserv opened at 69.51 on Wednesday. Fiserv has a 1-year low of $48.75 and a 1-year high of $71.74. The company has a market cap of $9.633 billion and a price-to-earnings ratio of 21.37.

The company last announced its quarterly results on Tuesday, May 1st. It reported $1.20 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.15 EPS by $0.05. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Fiserv will post $1.28 EPS next quarter.

Fiserv, Inc. is a global provider of financial services technology solutions, including electronic commerce systems and services, such as transaction processing, electronic bill payment and presentment, business process outsourcing, document distribution services, and software and systems solutions.

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