Investment Analysts’ Weekly Ratings Changes for Fiserv (FISV)

Several brokerages have updated their recommendations and price targets on shares of Fiserv (NASDAQ: FISV) in the last few weeks:

  • 11/11/2019 – Fiserv was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “Fiserv enjoys a dominant position in the financial and payments solutions business on the back of broad and diverse customer base and continued technology upgrades. The company's diversified product portfolio helps attract a steady flow of customers. Prudent business moves in the form of acquisitions and partnerships have been growth catalysts. The company's shareholder-friendly moves boost investors' confidence and positively impact earnings per share and consequently its share price, which has outperformed its industry in the past year. On the flip side, the company’s core banking products and services are part of a highly competitive market. The industry is getting more competitive with the entry of several non-banking bodies. Fiserv's policy of acquiring a large number of companies results in some integration risk.”
  • 11/8/2019 – Fiserv had its price target raised by analysts at UBS Group AG from $120.00 to $125.00. They now have a “buy” rating on the stock.
  • 11/7/2019 – Fiserv had its price target raised by analysts at Robert W. Baird from $122.00 to $130.00. They now have an “outperform” rating on the stock.
  • 10/30/2019 – Fiserv had its price target raised by analysts at Oppenheimer Holdings Inc. from $105.00 to $120.00. They now have an “outperform” rating on the stock.
  • 10/30/2019 – Fiserv is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $119.00 price target on the stock.
  • 10/23/2019 – Fiserv was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/18/2019 – Fiserv had its price target raised by analysts at SunTrust Banks, Inc. from $110.00 to $125.00. They now have a “buy” rating on the stock.
  • 10/14/2019 – Fiserv is now covered by analysts at UBS Group AG. They set a “buy” rating and a $120.00 price target on the stock.
  • 10/4/2019 – Fiserv was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 10/2/2019 – Fiserv was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/16/2019 – Fiserv had its price target raised by analysts at Robert W. Baird from $112.00 to $122.00. They now have an “outperform” rating on the stock.

NASDAQ:FISV opened at $114.10 on Friday. The stock’s fifty day moving average price is $105.34 and its two-hundred day moving average price is $98.21. The company has a market cap of $43.33 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 2.30 and a beta of 0.78. Fiserv Inc has a 52-week low of $68.45 and a 52-week high of $114.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.08.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Fiserv had a return on equity of 16.73% and a net margin of 12.11%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. On average, equities analysts predict that Fiserv Inc will post 4 EPS for the current fiscal year.

In other 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 transaction of $4,954,200.00. Following the completion of the transaction, the insider now directly 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, CEO Jeffery W. Yabuki sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $106.33, for a total transaction of $2,658,250.00. Following the transaction, the chief executive officer now owns 257,829 shares of the company’s stock, valued at $27,414,957.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,000 shares of company stock valued at $13,422,250. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of FISV. Truewealth LLC lifted its stake in Fiserv by 70.5% in the 3rd quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 103 shares during the last quarter. Cordasco Financial Network acquired a new stake in Fiserv in the 3rd quarter valued at about $29,000. Advantage Investment Management LLC lifted its stake in Fiserv by 126.4% in the 2nd quarter. Advantage Investment Management LLC now owns 335 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 187 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Fiserv in the 3rd quarter valued at about $31,000. Finally, Wealthcare Advisory Partners LLC lifted its position in Fiserv by 523.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 374 shares of the business services provider’s stock worth $34,000 after acquiring an additional 314 shares during the last quarter.

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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