Fiserv (NASDAQ:FISV) Upgraded by BidaskClub to Hold

Fiserv (NASDAQ:FISV) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

A number of other brokerages have also recently issued reports on FISV. Stephens lifted their price target on shares of Fiserv from $117.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Moffett Nathanson cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 7th. Bank of America initiated coverage on shares of Fiserv in a research report on Tuesday, December 3rd. They set a “buy” rating for the company. Oppenheimer lifted their price target on shares of Fiserv from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley started coverage on shares of Fiserv in a report on Monday, December 16th. They issued an “equal weight” rating and a $121.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $113.02.

NASDAQ FISV traded down $1.17 during trading hours on Wednesday, reaching $121.06. 1,028,937 shares of the company’s stock traded hands, compared to its average volume of 2,393,592. Fiserv has a 52-week low of $80.58 and a 52-week high of $122.52. The firm has a market cap of $82.98 billion, a PE ratio of 56.05, a PEG ratio of 1.78 and a beta of 0.78. The firm has a 50-day simple moving average of $117.06 and a 200 day simple moving average of $108.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.08 and a quick ratio of 1.08.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.02. Fiserv had a net margin of 12.11% and a return on equity of 16.73%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the company posted $0.87 EPS. Fiserv’s revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Fiserv will post 4.01 EPS for the current fiscal year.

In other news, EVP Devin Mcgranahan sold 3,500 shares of Fiserv stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $116.12, for a total value of $406,420.00. Following the completion of the sale, the executive vice president now directly owns 62,998 shares in the company, valued at $7,315,327.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffery W. Yabuki sold 25,000 shares of Fiserv stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $118.58, for a total transaction of $2,964,500.00. Following the completion of the sale, the chief executive officer now owns 443,233 shares of the company’s stock, valued at $52,558,569.14. The disclosure for this sale can be found here. Insiders sold 171,500 shares of company stock valued at $19,741,890 over the last quarter. Company insiders own 1.40% of the company’s stock.

Several hedge funds have recently made changes to their positions in FISV. Truewealth LLC grew its stake in shares of Fiserv by 70.5% in the third quarter. Truewealth LLC now owns 249 shares of the business services provider’s stock worth $26,000 after acquiring an additional 103 shares during the period. Savior LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $28,000. Cordasco Financial Network bought a new stake in Fiserv during the third quarter valued at approximately $29,000. Financial Management Professionals Inc. bought a new stake in Fiserv during the third quarter valued at approximately $31,000. Finally, Liberty Wealth Management LLC bought a new stake in Fiserv during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 92.60% 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; 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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