Cantor Fitzgerald Reaffirms “Hold” Rating for Fiserv (FISV)

Cantor Fitzgerald reissued their hold rating on shares of Fiserv (NASDAQ:FISV) in a report released on Friday morning. They currently have a $83.00 price objective on the business services provider’s stock.

“: We maintain our Neutral rating and raise our 12-month PT to $83 from $73 on FISV. We are awaiting further color on the catalysts that we believe will drive sustainable internal revenue growth acceleration for core FISV. Fourth-quarter top-line results were in line with expectations, but internal growth decelerated slightly in the period. We could become more constructive on better visibility of revenue growth acceleration and/or margin accretion from new solutions or strategic acquisitions, or a better entry point. We are warming up to the FISV/ FDC acquisition.”,” the firm’s analyst commented.

FISV has been the topic of a number of other reports. Zacks Investment Research downgraded Fiserv from a hold rating to a sell rating in a research report on Monday, October 15th. Royal Bank of Canada upgraded Fiserv from a sector perform rating to an outperform rating and set a $85.50 target price on the stock in a research report on Monday, January 28th. Oppenheimer upgraded Fiserv from a market perform rating to an outperform rating and boosted their target price for the stock from $74.50 to $88.00 in a research report on Friday, January 18th. Cowen upgraded Fiserv from a market perform rating to an outperform rating and set a $80.59 target price on the stock in a research report on Thursday, January 24th. Finally, Edward Jones downgraded Fiserv from a buy rating to a hold rating in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $86.49.



Shares of Fiserv stock opened at $85.70 on Friday. Fiserv has a 52 week low of $66.89 and a 52 week high of $85.73. The stock has a market capitalization of $34.15 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. On average, equities research analysts anticipate that Fiserv will post 3.46 EPS for the current fiscal year.

In related news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $73.98, for a total value of $3,699,000.00. Following the transaction, the insider now owns 320,014 shares of the company’s stock, valued at $23,674,635.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 150,000 shares of company stock worth $11,106,000. 1.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Delaney Dennis R grew its position in Fiserv by 3.2% during the 3rd quarter. Delaney Dennis R now owns 31,050 shares of the business services provider’s stock worth $2,558,000 after purchasing an additional 960 shares during the period. Cullinan Associates Inc. grew its position in Fiserv by 8.5% during the 3rd quarter. Cullinan Associates Inc. now owns 97,502 shares of the business services provider’s stock worth $8,032,000 after purchasing an additional 7,670 shares during the period. Davis R M Inc. acquired a new stake in Fiserv during the 4th quarter worth about $401,000. Eagle Asset Management Inc. grew its position in Fiserv by 20.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 8,120 shares of the business services provider’s stock worth $668,000 after purchasing an additional 1,375 shares during the period. Finally, BTIM Corp. grew its position in Fiserv by 20.2% during the 4th quarter. BTIM Corp. now owns 73,035 shares of the business services provider’s stock worth $5,368,000 after purchasing an additional 12,275 shares during the period. Institutional investors own 89.60% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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