Fiserv Inc (FISV) Lowered to “Hold” at Vetr Inc.
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.
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.
To view Vetr’s full report, visit Vetr’s official website.
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