Fiserv (NASDAQ:FISV) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Fiserv (NASDAQ:FISV) from a sell rating to a strong sell rating in a research note published on Wednesday morning, ValuEngine reports.

Several other analysts also recently commented on the stock. Atlantic Securities assumed coverage on shares of Fiserv in a research report on Tuesday, September 3rd. They set a neutral rating and a $131.00 price objective for the company. Raymond James initiated coverage on shares of Fiserv in a research report on Friday, June 21st. They issued an outperform rating and a $103.00 price target for the company. Berenberg Bank initiated coverage on shares of Fiserv in a research report on Wednesday, July 31st. They issued a buy rating and a $121.00 price target for the company. Deutsche Bank raised shares of Fiserv from a hold rating to a buy rating and lifted their price target for the company from $100.00 to $120.00 in a research report on Tuesday, July 30th. Finally, Robert W. Baird lifted their price target on shares of Fiserv from $112.00 to $122.00 and gave the company an outperform rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Fiserv presently has a consensus rating of Buy and a consensus price target of $102.88.

Shares of FISV stock traded up $2.65 during trading hours on Wednesday, hitting $105.70. 2,977,143 shares of the company were exchanged, compared to its average volume of 3,914,357. The firm has a market cap of $40.50 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.24 and a beta of 0.79. Fiserv has a fifty-two week low of $68.45 and a fifty-two week high of $109.92. The company has a debt-to-equity ratio of 5.40, a quick ratio of 4.97 and a current ratio of 4.97. The company has a 50 day simple moving average of $105.24 and a two-hundred day simple moving average of $94.41.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. Fiserv had a net margin of 16.08% and a return on equity of 53.08%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. As a group, sell-side analysts expect that Fiserv will post 3.83 EPS for the current fiscal year.

In other Fiserv news, Chairman Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $103.20, for a total transaction of $2,064,000.00. Following the transaction, the chairman now directly owns 330,629 shares in the company, valued at approximately $34,120,912.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffery W. Yabuki sold 25,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $103.67, for a total value of $2,591,750.00. Following the transaction, the chief executive officer now owns 271,229 shares in the company, valued at $28,118,310.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,000 shares of company stock worth $14,713,000. Company insiders own 1.40% of the company’s stock.

A number of large investors have recently modified their holdings of FISV. Fiera Capital Corp lifted its stake in Fiserv by 69.1% during the 1st quarter. Fiera Capital Corp now owns 212,069 shares of the business services provider’s stock valued at $18,722,000 after acquiring an additional 86,674 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Fiserv during the 1st quarter valued at $209,000. AlphaCrest Capital Management LLC bought a new stake in shares of Fiserv during the 1st quarter worth $266,000. Jennison Associates LLC raised its stake in shares of Fiserv by 6,686.1% during the 1st quarter. Jennison Associates LLC now owns 489,210 shares of the business services provider’s stock worth $43,187,000 after purchasing an additional 482,001 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Fiserv by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 623,236 shares of the business services provider’s stock worth $55,019,000 after purchasing an additional 19,928 shares during the period. Institutional investors and hedge funds own 87.43% 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; 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.

Featured Article: How is a Moving Average Calculated?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.