Fiserv, Inc. (FISV) Rating Lowered to Buy at BidaskClub
Fiserv, Inc. (NASDAQ:FISV) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.
Other research analysts also recently issued research reports about the company. BMO Capital Markets boosted their price target on Fiserv from $112.00 to $133.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Wednesday, July 19th. Cantor Fitzgerald boosted their price target on Fiserv from $107.00 to $118.00 and gave the company a “neutral” rating in a report on Friday, April 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up previously from $123.00) on shares of Fiserv in a report on Tuesday, August 8th. Finally, Barclays PLC restated an “equal weight” rating and set a $123.00 price target (up previously from $115.00) on shares of Fiserv in a report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Fiserv has an average rating of “Hold” and a consensus target price of $126.91.
Fiserv (NASDAQ FISV) traded up 1.08% during midday trading on Tuesday, reaching $122.07. The company had a trading volume of 220,616 shares. The stock has a market capitalization of $25.69 billion, a price-to-earnings ratio of 29.88 and a beta of 0.81. The company has a 50-day moving average price of $124.18 and a 200-day moving average price of $119.86. Fiserv has a one year low of $92.81 and a one year high of $129.35.
Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by $0.04. Fiserv had a net margin of 16.04% and a return on equity of 41.79%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts expect that Fiserv will post $5.10 earnings per share for the current year.
In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $126.02, for a total transaction of $2,142,340.00. Following the transaction, the insider now owns 286,151 shares in the company, valued at approximately $36,060,749.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of FISV. DnB Asset Management AS boosted its stake in shares of Fiserv by 18.5% in the first quarter. DnB Asset Management AS now owns 23,070 shares of the business services provider’s stock worth $2,660,000 after buying an additional 3,600 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Fiserv during the first quarter worth approximately $233,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Fiserv by 26.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,882 shares of the business services provider’s stock worth $2,062,000 after buying an additional 3,795 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Fiserv by 1.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,789 shares of the business services provider’s stock worth $624,000 after buying an additional 90 shares in the last quarter. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Fiserv by 31.0% in the first quarter. Gilman Hill Asset Management LLC now owns 5,600 shares of the business services provider’s stock worth $646,000 after buying an additional 1,325 shares in the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.
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.
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