Fiserv (FISV) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of Fiserv (NASDAQ:FISV) from a buy rating to a hold rating in a report published on Friday morning.

A number of other analysts also recently weighed in on FISV. Barclays restated a hold rating and issued a $70.50 target price on shares of Fiserv in a research report on Friday, January 5th. Argus set a $74.00 target price on Fiserv and gave the stock a buy rating in a research report on Friday, January 12th. Credit Suisse Group boosted their target price on Fiserv from $63.00 to $70.00 and gave the stock a neutral rating in a research report on Wednesday, January 17th. Robert W. Baird boosted their target price on Fiserv from $73.00 to $80.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Finally, Guggenheim restated a buy rating and issued a $80.00 target price on shares of Fiserv in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $70.83.

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Shares of FISV traded down $1.40 during trading hours on Friday, reaching $69.84. 1,414,425 shares of the company’s stock traded hands, compared to its average volume of 2,050,016. The company has a market cap of $29,437.49, a PE ratio of 27.28, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.79. Fiserv has a 12 month low of $57.56 and a 12 month high of $74.46.

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

In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of Fiserv stock in a transaction that occurred on 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 transaction, the insider now directly owns 203,051 shares of the company’s stock, valued at approximately $28,140,838.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary sold 12,160 shares of Fiserv stock in a transaction that occurred on Friday, February 16th. The stock was 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. Insiders sold a total of 80,160 shares of company stock worth $8,993,842 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Fiserv by 1.1% during the fourth quarter. BlackRock Inc. now owns 15,046,546 shares of the business services provider’s stock valued at $1,973,053,000 after buying an additional 166,837 shares during the period. Longview Partners Guernsey LTD boosted its position in shares of Fiserv by 1.1% during the fourth quarter. Longview Partners Guernsey LTD now owns 5,448,669 shares of the business services provider’s stock valued at $714,484,000 after purchasing an additional 57,150 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Fiserv by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 2,586,516 shares of the business services provider’s stock valued at $338,560,000 after purchasing an additional 65,324 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Fiserv by 2.2% during the third quarter. Janus Henderson Group PLC now owns 1,909,424 shares of the business services provider’s stock valued at $246,234,000 after purchasing an additional 41,256 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of Fiserv by 0.8% during the fourth quarter. Swiss National Bank now owns 1,197,972 shares of the business services provider’s stock valued at $157,090,000 after purchasing an additional 9,600 shares in the last quarter. 89.46% of the stock is currently owned by institutional investors and hedge funds.

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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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