Fiserv (NYSE:FI) Lowered to “Hold” at StockNews.com

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

FI has been the subject of several other research reports. TD Cowen upped their price target on Fiserv from $175.00 to $182.00 and gave the company a buy rating in a report on Thursday, July 25th. Mizuho raised their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Wells Fargo & Company upped their target price on shares of Fiserv from $180.00 to $190.00 and gave the company an overweight rating in a research note on Thursday, July 25th. BTIG Research assumed coverage on shares of Fiserv in a research note on Wednesday, August 28th. They set a buy rating and a $200.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Fiserv from $178.00 to $184.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $174.32.

Fiserv Stock Down 0.6 %

Shares of FI stock opened at $172.50 on Thursday. Fiserv has a 12 month low of $109.11 and a 12 month high of $175.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The firm has a market cap of $100.93 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 1.41 and a beta of 0.93. The stock has a 50 day moving average of $160.87 and a 200-day moving average of $154.84.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $4.81 billion. During the same period in the prior year, the firm earned $1.81 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts predict that Fiserv will post 8.74 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of Fiserv 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 sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,690 shares of company stock valued at $14,833,215. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Institutional investors have recently made changes to their positions in the stock. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the 1st quarter worth about $25,000. GW&K Investment Management LLC acquired a new position in Fiserv during the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Private Wealth Management Group LLC acquired a new stake in Fiserv in the fourth quarter worth $30,000. Finally, Family Firm Inc. bought a new position in shares of Fiserv during the second quarter worth $31,000. 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.