Fiserv (FISV) Given Hold Rating at Cowen

Cowen reaffirmed their hold rating on shares of Fiserv (NASDAQ:FISV) in a report published on Friday morning. Cowen currently has a $68.00 target price on the business services provider’s stock.

A number of other analysts also recently weighed in on the company. ValuEngine downgraded Fiserv from a hold rating to a sell rating in a report on Thursday. Zacks Investment Research upgraded Fiserv from a hold rating to a buy rating and set a $77.00 price target for the company in a report on Tuesday, February 13th. BidaskClub downgraded Fiserv from a strong-buy rating to a buy rating in a report on Tuesday, February 13th. Citigroup increased their price target on Fiserv from $69.00 to $70.00 and gave the stock a neutral rating in a report on Friday, February 9th. Finally, SunTrust Banks upgraded Fiserv from a hold rating to a buy rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $70.40.

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Shares of Fiserv (NASDAQ FISV) traded down $1.33 during trading on Friday, reaching $70.01. The company’s stock had a trading volume of 2,029,689 shares, compared to its average volume of 2,338,176. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.02 and a current ratio of 1.02. Fiserv has a 52-week low of $57.41 and a 52-week high of $74.46. The firm has a market cap of $29,478.81, a P/E ratio of 24.14, a P/E/G ratio of 2.00 and a beta of 0.83.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.58 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. analysts forecast that Fiserv will post 3.11 earnings per share for the current fiscal year.

In other news, insider Jeffery W. Yabuki sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $138.59, for a total value of $2,356,030.00. Following the completion of the sale, the insider now directly owns 203,051 shares in the company, valued at approximately $28,140,838.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Denis Oleary sold 12,160 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $142.64, for a total value of $1,734,502.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,160 shares of company stock valued at $8,993,842. 1.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Standard Life Aberdeen plc lifted its position in Fiserv by 1.0% in the 4th quarter. Standard Life Aberdeen plc now owns 48,231 shares of the business services provider’s stock valued at $6,326,000 after acquiring an additional 475 shares in the last quarter. Peddock Capital Advisors LLC lifted its position in Fiserv by 3.5% in the 3rd quarter. Peddock Capital Advisors LLC now owns 14,153 shares of the business services provider’s stock valued at $1,825,000 after acquiring an additional 480 shares in the last quarter. Eagle Asset Management Inc. lifted its position in Fiserv by 0.9% in the 4th quarter. Eagle Asset Management Inc. now owns 52,703 shares of the business services provider’s stock valued at $6,909,000 after acquiring an additional 485 shares in the last quarter. New Mexico Educational Retirement Board lifted its position in Fiserv by 2.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 20,258 shares of the business services provider’s stock valued at $2,656,000 after acquiring an additional 500 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its position in Fiserv by 9.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,080 shares of the business services provider’s stock valued at $797,000 after acquiring an additional 512 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.

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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; 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.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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