Fiserv (NYSE:FI) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a research report released on Thursday morning.

A number of other equities research analysts also recently weighed in on FI. KeyCorp lifted their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an overweight rating in a research note on Monday, April 22nd. Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a hold rating in a report on Monday, March 25th. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a positive rating in a report on Monday, March 25th. B. Riley lifted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a buy rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets lifted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an outperform rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $165.44.

Fiserv Stock Performance

NYSE:FI opened at $148.94 on Thursday. Fiserv has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $151.09 and a 200-day moving average of $145.95. The firm has a market cap of $87.14 billion, a price-to-earnings ratio of 27.84, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts forecast that Fiserv will post 8.69 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 90,375 shares of company stock valued at $13,850,195 in the last three months. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

Several institutional investors have recently made changes to their positions in FI. Wellington Shields & Co. LLC purchased a new stake in Fiserv during the 1st quarter valued at approximately $25,000. Hollencrest Capital Management grew its holdings in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. Finally, GW&K Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.