Fiserv Inc (FISV) Downgraded by Vetr Inc. to Hold

Vetr cut shares of Fiserv Inc (NASDAQ:FISV) from a buy rating to a hold rating in a research note published on Thursday morning. Vetr currently has $121.50 target price on the business services provider’s stock.

A number of other brokerages also recently commented on FISV. Cantor Fitzgerald increased their price target on Fiserv from $100.00 to $107.00 and gave the company a neutral rating in a report on Thursday, February 9th. Zacks Investment Research downgraded Fiserv from a buy rating to a hold rating in a report on Tuesday. Jefferies Group LLC reissued a buy rating and issued a $127.00 price target on shares of Fiserv in a report on Thursday, February 9th. Guggenheim started coverage on Fiserv in a report on Friday, March 31st. They issued a neutral rating and a $118.00 price target for the company. Finally, Monness Crespi & Hardt increased their price target on Fiserv from $118.00 to $128.00 and gave the company a buy rating in a report on Monday, April 3rd. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Fiserv presently has an average rating of Hold and an average target price of $113.37.

Shares of Fiserv (NASDAQ:FISV) traded up 0.48% during mid-day trading on Thursday, hitting $118.36. The company had a trading volume of 634,746 shares. Fiserv has a 12 month low of $92.81 and a 12 month high of $118.56. The firm has a 50-day moving average of $116.44 and a 200-day moving average of $108.26. The company has a market cap of $25.40 billion, a PE ratio of 28.52 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 8th. The business services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. The firm earned $1.43 billion during the quarter, compared to the consensus estimate of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. Fiserv’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, analysts expect that Fiserv will post $5.11 EPS for the current year.

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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $117.27, for a total transaction of $1,993,590.00. Following the transaction, the insider now owns 354,151 shares of the company’s stock, valued at approximately $41,531,287.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lynn S. Mccreary sold 4,309 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $117.02, for a total value of $504,239.18. Following the transaction, the insider now directly owns 20,793 shares in the company, valued at approximately $2,433,196.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,309 shares of company stock worth $8,231,609. 1.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perennial Advisors LLC purchased a new stake in Fiserv during the fourth quarter worth $4,078,000. BB&T Securities LLC raised its stake in Fiserv by 2.0% in the third quarter. BB&T Securities LLC now owns 35,605 shares of the business services provider’s stock worth $3,541,000 after buying an additional 706 shares during the period. BOKF NA raised its stake in Fiserv by 1.6% in the third quarter. BOKF NA now owns 63,811 shares of the business services provider’s stock worth $6,347,000 after buying an additional 999 shares during the period. Keybank National Association OH raised its stake in Fiserv by 48.9% in the fourth quarter. Keybank National Association OH now owns 22,738 shares of the business services provider’s stock worth $2,417,000 after buying an additional 7,470 shares during the period. Finally, Mitchell Capital Management Co. purchased a new stake in Fiserv during the third quarter worth $5,345,000. 86.46% of the stock is currently owned by institutional investors.

Fiserv Company Profile

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

5 Day Chart for NASDAQ:FISV

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

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