Fiserv (NASDAQ:FISV) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also recently issued reports on FISV. JPMorgan Chase & Co. cut shares of Fiserv from a “neutral” rating to an “underweight” rating and set a $95.00 price objective on the stock. in a research note on Tuesday, August 14th. Zacks Investment Research cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Citigroup raised their price objective on shares of Fiserv from $72.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Deutsche Bank raised their price objective on shares of Fiserv from $63.50 to $71.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, SunTrust Banks raised their price objective on shares of Fiserv to $87.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. Fiserv has a consensus rating of “Hold” and an average target price of $75.90.

FISV opened at $79.56 on Wednesday. Fiserv has a one year low of $60.19 and a one year high of $80.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.69. The company has a market cap of $32.28 billion, a PE ratio of 31.08, a P/E/G ratio of 2.21 and a beta of 0.77.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Tuesday, July 31st. The business services provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Fiserv had a net margin of 25.14% and a return on equity of 44.25%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Fiserv’s revenue was up 2.5% compared to the same quarter last year. equities analysts anticipate that Fiserv will post 3.13 EPS for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $77.03, for a total value of $3,851,500.00. Following the transaction, the insider now directly owns 517,380 shares of the company’s stock, valued at $39,853,781.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 150,000 shares of company stock worth $11,600,500. Insiders own 1.80% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Fiserv by 0.4% during the second quarter. BlackRock Inc. now owns 30,363,909 shares of the business services provider’s stock worth $2,249,662,000 after purchasing an additional 114,847 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Fiserv by 8.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,462,481 shares of the business services provider’s stock worth $1,738,335,000 after purchasing an additional 1,909,078 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Fiserv by 31.8% during the second quarter. Voya Investment Management LLC now owns 5,584,840 shares of the business services provider’s stock worth $413,781,000 after purchasing an additional 1,346,387 shares in the last quarter. Northern Trust Corp boosted its position in shares of Fiserv by 96.4% during the first quarter. Northern Trust Corp now owns 5,332,497 shares of the business services provider’s stock worth $380,260,000 after purchasing an additional 2,617,155 shares in the last quarter. Finally, Winslow Capital Management LLC boosted its position in shares of Fiserv by 91.6% during the first quarter. Winslow Capital Management LLC now owns 3,615,765 shares of the business services provider’s stock worth $257,839,000 after purchasing an additional 1,728,607 shares in the last quarter. 88.35% of the stock is currently owned by institutional investors.

About Fiserv

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; 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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