Fiserv (NYSE:FI) Cut to Hold at StockNews.com

StockNews.com lowered shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a report released on Thursday morning.

Other research analysts have also issued reports about the company. B. Riley increased their price objective on Fiserv from $180.00 to $185.00 and gave the company a buy rating in a research report on Thursday, July 25th. TD Cowen lifted their price objective on Fiserv from $175.00 to $182.00 and gave the stock a buy rating in a research report on Thursday, July 25th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Morgan Stanley raised shares of Fiserv from an equal weight rating to an overweight rating and raised their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Finally, BTIG Research began coverage on shares of Fiserv in a research report on Wednesday, August 28th. They set a buy rating and a $200.00 price target for the company. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $174.32.

Fiserv Stock Performance

Shares of NYSE:FI opened at $170.02 on Thursday. The business has a fifty day moving average of $161.29 and a 200-day moving average of $155.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv has a twelve month low of $109.11 and a twelve month high of $175.47. The firm has a market cap of $99.48 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. During the same quarter last year, the company posted $1.81 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Fiserv will post 8.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at $4,764,211.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value of $3,177,486.90. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,890 shares of company stock worth $14,416,687. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in shares of Fiserv in the fourth quarter valued at about $300,000. Aveo Capital Partners LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $309,000. 9258 Wealth Management LLC bought a new position in shares of Fiserv during the fourth quarter worth approximately $552,000. National Bank of Canada FI acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $5,141,000. Finally, Private Advisor Group LLC bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $2,546,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.