Fiserv (NYSE:FI – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.
A number of other analysts also recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Fiserv from $120.00 to $130.00 in a report on Wednesday, July 19th. Argus raised their price target on shares of Fiserv from $140.00 to $150.00 in a report on Thursday, July 27th. JPMorgan Chase & Co. increased their price objective on shares of Fiserv from $136.00 to $146.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 22nd. Credit Suisse Group increased their price objective on shares of Fiserv from $135.00 to $140.00 in a research report on Thursday, July 27th. Finally, B. Riley increased their price objective on shares of Fiserv from $148.00 to $151.00 in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.90.
Fiserv Price Performance
FI stock traded down $1.49 during mid-day trading on Friday, reaching $121.61. The company’s stock had a trading volume of 2,263,789 shares, compared to its average volume of 3,267,177. The stock has a market cap of $74.13 billion, a PE ratio of 30.63, a P/E/G ratio of 1.26 and a beta of 0.88. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.74. Fiserv has a fifty-two week low of $91.55 and a fifty-two week high of $130.74. The company’s 50 day moving average is $124.70 and its two-hundred day moving average is $119.14.
Fiserv (NYSE:FI – Get Free Report) last released its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.81 EPS for the quarter, meeting analysts’ consensus estimates of $1.81. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.54 billion. Fiserv had a net margin of 13.60% and a return on equity of 14.15%. Fiserv’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 EPS. Equities research analysts expect that Fiserv will post 7.44 EPS for the current year.
Insider Transactions at Fiserv
In other news, COO Guy Chiarello sold 6,750 shares of Fiserv stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $125.75, for a total transaction of $848,812.50. Following the completion of the sale, the chief operating officer now directly owns 173,856 shares of the company’s stock, valued at approximately $21,862,392. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 20,250 shares of company stock valued at $2,512,688. Insiders own 18.20% of the company’s stock.
Institutional Investors Weigh In On Fiserv
Several hedge funds and other institutional investors have recently bought and sold shares of FI. Price T Rowe Associates Inc. MD boosted its holdings in shares of Fiserv by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 54,871,993 shares of the business services provider’s stock valued at $6,202,182,000 after acquiring an additional 1,639,245 shares in the last quarter. State Street Corp boosted its holdings in shares of Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after acquiring an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after acquiring an additional 149,811 shares in the last quarter. FMR LLC boosted its holdings in shares of Fiserv by 106.5% in the first quarter. FMR LLC now owns 11,185,985 shares of the business services provider’s stock valued at $1,264,352,000 after acquiring an additional 5,770,118 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Fiserv by 131.3% in the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares in the last quarter. 89.69% of the stock is currently owned by institutional investors and hedge funds.
Fiserv Company Profile
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.