Fiserv (NASDAQ:FISV) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of Fiserv (NASDAQ:FISV) from a buy rating to a hold rating in a research report released on Wednesday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Fiserv from a hold rating to a sell rating in a research report on Thursday, September 5th. Oppenheimer increased their price objective on shares of Fiserv from $97.00 to $105.00 and gave the stock an outperform rating in a research report on Wednesday, June 12th. Royal Bank of Canada set a $106.00 price objective on shares of Fiserv and gave the stock a buy rating in a research report on Friday, July 26th. SunTrust Banks raised shares of Fiserv from a hold rating to a buy rating and increased their price objective for the stock from $91.00 to $100.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. Finally, Susquehanna Bancshares assumed coverage on shares of Fiserv in a research report on Friday, May 31st. They set a neutral rating and a $95.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. Fiserv presently has an average rating of Buy and an average target price of $100.72.

FISV traded up $1.89 during trading on Wednesday, reaching $103.89. 4,227,424 shares of the stock traded hands, compared to its average volume of 4,852,072. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 5.40. The stock has a market capitalization of $40.83 billion, a PE ratio of 33.51, a P/E/G ratio of 2.36 and a beta of 0.79. The stock’s 50-day moving average is $105.10 and its 200 day moving average is $92.42. Fiserv has a 12 month low of $68.45 and a 12 month high of $109.92.



Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, equities research analysts anticipate that Fiserv will post 3.76 EPS for the current year.

In other Fiserv news, insider Guy Chiarello sold 46,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $107.70, for a total value of $4,954,200.00. Following the completion of the sale, the insider now owns 372,447 shares in the company, valued at approximately $40,112,541.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher M. Foskett sold 5,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $106.36, for a total transaction of $531,800.00. Following the completion of the sale, the executive vice president now owns 140,248 shares of the company’s stock, valued at approximately $14,916,777.28. The disclosure for this sale can be found here. Insiders sold a total of 136,000 shares of company stock worth $13,905,850 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Fiserv by 8.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,136,590 shares of the business services provider’s stock valued at $4,661,611,000 after buying an additional 3,933,642 shares during the last quarter. Vanguard Group Inc. increased its stake in Fiserv by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 42,885,474 shares of the business services provider’s stock valued at $3,909,440,000 after buying an additional 322,980 shares during the last quarter. BlackRock Inc. increased its stake in Fiserv by 2.8% in the 2nd quarter. BlackRock Inc. now owns 32,487,873 shares of the business services provider’s stock valued at $2,961,594,000 after buying an additional 883,535 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Fiserv by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,508,566 shares of the business services provider’s stock valued at $682,004,000 after buying an additional 758,149 shares during the last quarter. Finally, FMR LLC increased its stake in Fiserv by 8.6% in the 1st quarter. FMR LLC now owns 6,516,935 shares of the business services provider’s stock valued at $575,315,000 after buying an additional 513,992 shares during the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About Fiserv

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; Internet and 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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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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