Vetr Inc. Lowers Fiserv Inc (FISV) to Hold
Fiserv Inc (NASDAQ:FISV) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research report issued on Thursday. They currently have a $121.50 target price on the business services provider’s stock. Vetr‘s target price would indicate a potential upside of 3.15% from the company’s current price.
Several other brokerages have also issued reports on FISV. Cantor Fitzgerald lifted their price objective on shares of Fiserv from $100.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, February 9th. Zacks Investment Research lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $127.00 price objective on shares of Fiserv in a report on Thursday, February 9th. Guggenheim started coverage on shares of Fiserv in a report on Friday, March 31st. They set a “neutral” rating and a $118.00 price objective on the stock. Finally, Monness Crespi & Hardt lifted their price objective on shares of Fiserv from $118.00 to $128.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Fiserv presently has a consensus rating of “Hold” and a consensus price target of $113.37.
Shares of Fiserv (NASDAQ:FISV) traded up 1.06% on Thursday, reaching $117.79. The company had a trading volume of 598,919 shares. The firm has a market capitalization of $25.27 billion, a price-to-earnings ratio of 28.38 and a beta of 0.80. Fiserv has a 52 week low of $92.81 and a 52 week high of $118.30. The stock’s 50 day moving average is $116.44 and its 200 day moving average is $108.26.
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Fiserv (NASDAQ:FISV) last issued its quarterly earnings data on Wednesday, February 8th. The business services provider reported $1.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.16. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Fiserv had a net margin of 16.89% and a return on equity of 38.06%. Fiserv’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. On average, equities analysts anticipate that Fiserv will post $5.11 EPS for the current year.
In other news, insider Jeffery W. Yabuki sold 36,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $110.78, for a total transaction of $3,988,080.00. Following the sale, the insider now directly owns 336,646 shares of the company’s stock, valued at $37,293,643.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffery W. Yabuki sold 15,000 shares of the business’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $116.38, for a total transaction of $1,745,700.00. Following the sale, the insider now directly owns 339,151 shares in the company, valued at $39,470,393.38. The disclosure for this sale can be found here. Insiders sold 72,309 shares of company stock worth $8,231,609 over the last ninety days. Corporate insiders own 1.90% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in shares of Fiserv during the first quarter worth $233,000. Huntington National Bank raised its stake in shares of Fiserv by 9.3% in the first quarter. Huntington National Bank now owns 200,573 shares of the business services provider’s stock worth $23,129,000 after buying an additional 17,091 shares during the period. University of Texas Investment Managment Co. bought a new stake in shares of Fiserv during the first quarter worth $184,000. Barometer Capital Management Inc. raised its stake in shares of Fiserv by 9.2% in the first quarter. Barometer Capital Management Inc. now owns 21,130 shares of the business services provider’s stock worth $2,437,000 after buying an additional 1,775 shares during the period. Finally, DnB Asset Management AS raised its stake in shares of Fiserv by 18.5% in the first quarter. DnB Asset Management AS now owns 23,070 shares of the business services provider’s stock worth $2,660,000 after buying an additional 3,600 shares during the period. 86.46% of the stock is currently owned by hedge funds and other institutional investors.
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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