Fiserv (FISV) Lifted to Buy at Zacks Investment Research

Fiserv (NASDAQ:FISV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $154.00 price target on the business services provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.08% from the company’s previous close.

According to Zacks, “Fiserv reported strong fourth-quarter 2017 results. Both earnings and revenues grew on a year-over-year basis. The company is benefiting from an expanding customer base, robust product portfolio and higher recurring revenues. While product-oriented acquisitions are leading to a steady flow of customers, investment in digital-oriented technologies is improving competitiveness. Fiserv is witnessing an increase in the adoption of DNA as well as other digital banking solutions due to its improved architecture, flexible user interface and other digital capacities.  However, the company’s highly leveraged balance sheet continues to weigh on its profitability. Moreover, lower termination fees, EMV deferral and adverse foreign currency translations are negatively impacting the company’s sales. In the past one-year, shares have underperformed the industry it belongs to.”

Several other research firms also recently weighed in on FISV. Cantor Fitzgerald restated a “hold” rating and issued a $126.00 price target on shares of Fiserv in a research note on Wednesday, November 1st. Citigroup upped their price target on Fiserv from $138.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday. BidaskClub downgraded Fiserv from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Cowen restated a “hold” rating and issued a $135.00 price target on shares of Fiserv in a research note on Thursday, February 8th. Finally, SunTrust Banks upgraded Fiserv from a “hold” rating to a “buy” rating in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Fiserv currently has a consensus rating of “Hold” and a consensus target price of $140.73.

Fiserv (FISV) opened at $138.64 on Tuesday. Fiserv has a 52 week low of $109.36 and a 52 week high of $144.20. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $28,646.58, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.87.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. equities analysts anticipate that Fiserv will post 6.18 earnings per share for the current fiscal year.

In other news, insider Byron C. Vielehr sold 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $131.03, for a total transaction of $1,310,300.00. Following the completion of the transaction, the insider now directly owns 19,719 shares in the company, valued at approximately $2,583,780.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffery W. Yabuki sold 17,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $138.59, for a total value of $2,356,030.00. Following the transaction, the insider now owns 203,051 shares of the company’s stock, valued at $28,140,838.09. The disclosure for this sale can be found here. Insiders have sold a total of 49,439 shares of company stock valued at $6,605,353 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FISV. Longview Partners Guernsey LTD raised its holdings in Fiserv by 23.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 5,391,519 shares of the business services provider’s stock valued at $695,290,000 after buying an additional 1,020,121 shares during the period. Ardevora Asset Management LLP purchased a new stake in Fiserv during the 3rd quarter valued at $35,645,000. Assenagon Asset Management S.A. purchased a new stake in Fiserv during the 3rd quarter valued at $28,337,000. Ninepoint Partners LP purchased a new stake in Fiserv during the 3rd quarter valued at $27,056,000. Finally, PGGM Investments purchased a new stake in Fiserv during the 4th quarter valued at $27,026,000. Institutional investors own 88.30% of the company’s stock.

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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.

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