Fiserv Inc (NASDAQ:FISV) was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Thursday. They presently have a $121.50 price objective on the business services provider’s stock. Vetr‘s price target indicates a potential upside of 3.15% from the stock’s previous close.

Several other brokerages have also weighed in on FISV. Zacks Investment Research upgraded Fiserv from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Thursday. Guggenheim began coverage on Fiserv in a research report on Friday, March 31st. They issued a “neutral” rating and a $118.00 price objective for the company. Monness Crespi & Hardt increased their price objective on Fiserv from $118.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, April 3rd. Northcoast Research reiterated a “neutral” rating on shares of Fiserv in a research report on Thursday, February 9th. Finally, BMO Capital Markets began coverage on Fiserv in a research report on Thursday, January 5th. They issued a “market perform” rating and a $109.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $113.37.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Shares of Fiserv (NASDAQ:FISV) traded up 1.06% during midday trading on Thursday, reaching $117.79. The company had a trading volume of 598,919 shares. The firm’s 50 day moving average price is $116.44 and its 200-day moving average price is $108.26. Fiserv has a 1-year low of $92.81 and a 1-year high of $118.30. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 28.38 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 8th. The business services provider reported $1.16 earnings per share for the quarter, hitting the consensus estimate of $1.16. The company earned $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Fiserv had a return on equity of 38.06% and a net margin of 16.89%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. Equities research analysts expect that Fiserv will post $5.11 EPS for the current fiscal year.

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In other Fiserv news, insider Jeffery W. Yabuki sold 17,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $117.27, for a total transaction of $1,993,590.00. Following the transaction, the insider now directly owns 354,151 shares in the company, valued at $41,531,287.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 15,000 shares of the company’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $116.38, for a total value of $1,745,700.00. Following the transaction, the insider now owns 339,151 shares in the company, valued at $39,470,393.38. The disclosure for this sale can be found here. Insiders have sold 72,309 shares of company stock worth $8,231,609 over the last 90 days. 1.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC boosted its position in Fiserv by 10.2% in the third quarter. BerganKDV Wealth Management LLC now owns 6,555 shares of the business services provider’s stock worth $652,000 after buying an additional 609 shares during the period. Synovus Financial Corp boosted its position in Fiserv by 24.1% in the third quarter. Synovus Financial Corp now owns 27,711 shares of the business services provider’s stock worth $2,752,000 after buying an additional 5,380 shares during the period. World Asset Management Inc boosted its position in Fiserv by 1.1% in the third quarter. World Asset Management Inc now owns 22,173 shares of the business services provider’s stock worth $2,206,000 after buying an additional 236 shares during the period. Rothschild Asset Management Inc. purchased a new position in Fiserv during the third quarter worth approximately $432,000. Finally, FTB Advisors Inc. boosted its position in Fiserv by 2.4% in the third quarter. FTB Advisors Inc. now owns 57,013 shares of the business services provider’s stock worth $5,674,000 after buying an additional 1,362 shares during the period. Institutional investors own 86.46% of the company’s stock.

Fiserv Company Profile

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.

5 Day Chart for NASDAQ:FISV

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

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