ValuEngine Lowers Fiserv (FISV) to Sell

ValuEngine lowered shares of Fiserv (NASDAQ:FISV) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

FISV has been the subject of a number of other research reports. Zacks Investment Research raised shares of Fiserv from a hold rating to a buy rating and set a $77.00 price objective for the company in a research report on Tuesday, February 13th. Cantor Fitzgerald reaffirmed a hold rating and set a $63.00 price objective on shares of Fiserv in a research report on Wednesday, February 7th. Citigroup boosted their price objective on shares of Fiserv from $69.00 to $70.00 and gave the company a neutral rating in a research report on Friday, February 9th. BidaskClub downgraded shares of Fiserv from a strong-buy rating to a buy rating in a research report on Tuesday, February 13th. Finally, Cowen reaffirmed a hold rating and set a $67.50 price objective on shares of Fiserv in a research report on Thursday, February 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $70.40.

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Shares of Fiserv stock opened at $70.01 on Thursday. The stock has a market cap of $28,929.25, a PE ratio of 27.35, a PEG ratio of 1.96 and a beta of 0.83. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.02 and a quick ratio of 1.02. Fiserv has a 12 month low of $57.41 and a 12 month high of $74.46.

Fiserv (NASDAQ:FISV) last issued its earnings results on Wednesday, February 7th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. Fiserv had a net margin of 21.88% and a return on equity of 44.58%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 EPS. sell-side analysts forecast that Fiserv will post 3.11 earnings per share for the current year.

In other Fiserv news, Director Denis Oleary sold 12,160 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffery W. Yabuki sold 34,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $73.43, for a total transaction of $2,496,620.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,160 shares of company stock valued at $8,993,842. 1.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtue Capital Management LLC bought a new position in Fiserv in the 4th quarter worth about $116,000. ARK Investment Management LLC bought a new position in Fiserv in the 4th quarter worth about $118,000. Coastline Trust Co bought a new position in Fiserv in the 3rd quarter worth about $202,000. Univest Corp of Pennsylvania bought a new position in Fiserv in the 4th quarter worth about $202,000. Finally, Biltmore Family Office LLC bought a new position in Fiserv in the 4th quarter worth about $203,000. Hedge funds and other 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.

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

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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