BidaskClub downgraded shares of Fiserv (NASDAQ:FISV) from a buy rating to a hold rating in a research note released on Thursday morning.

Several other analysts also recently weighed in on FISV. Cantor Fitzgerald reaffirmed a hold rating and set a $73.00 target price on shares of Fiserv in a research note on Wednesday, January 16th. Wedbush lifted their target price on Fiserv from $85.00 to $95.00 and gave the company an outperform rating in a research note on Tuesday, January 29th. Stephens raised Fiserv from an equal weight rating to an overweight rating and lifted their target price for the company from $76.00 to $90.00 in a research note on Wednesday, January 16th. Zacks Investment Research downgraded Fiserv from a hold rating to a sell rating in a research note on Thursday, January 3rd. Finally, ValuEngine raised Fiserv from a sell rating to a hold rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $86.49.

Shares of NASDAQ FISV opened at $85.58 on Thursday. The company has a market capitalization of $33.54 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.06 and a beta of 0.82. Fiserv has a 12-month low of $68.43 and a 12-month high of $87.26. The company has a debt-to-equity ratio of 2.60, a quick ratio of 1.11 and a current ratio of 1.11.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.84. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.55 billion. Fiserv had a return on equity of 47.56% and a net margin of 20.39%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. On average, research analysts forecast that Fiserv will post 3.45 earnings per share for the current year.

In other news, Director Kim M. Robak sold 10,904 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $87.01, for a total value of $948,757.04. Following the sale, the director now owns 85,610 shares of the company’s stock, valued at approximately $7,448,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 50,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $84.85, for a total value of $4,242,500.00. Following the completion of the sale, the insider now directly owns 441,112 shares in the company, valued at approximately $37,428,353.20. The disclosure for this sale can be found here. Insiders sold a total of 187,912 shares of company stock worth $15,245,371 in the last three months. Company insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Kaizen Advisory LLC grew its holdings in shares of Fiserv by 13.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock worth $82,000 after acquiring an additional 135 shares during the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Fiserv by 3.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 4,195 shares of the business services provider’s stock worth $308,000 after acquiring an additional 141 shares during the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Fiserv by 19.2% in the 4th quarter. Cornerstone Advisors Inc. now owns 906 shares of the business services provider’s stock worth $67,000 after acquiring an additional 146 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Fiserv by 1.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock worth $1,155,000 after acquiring an additional 150 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in shares of Fiserv by 5.8% in the 4th quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock worth $200,000 after acquiring an additional 150 shares during the last quarter. 87.58% of the stock is currently owned by institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides financial services technology worldwide. The company's Payments and Industry Products segment provides electronic bill payment and presentment services; Internet and mobile banking software and services; account-to-account transfers; person-to-person payment services; debit and credit card processing and services; payments infrastructure services; and other electronic payments software and services.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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