Fiserv (NYSE:FI – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other analysts have also recently weighed in on FI. Citigroup increased their target price on shares of Fiserv from $140.00 to $150.00 in a report on Thursday, July 27th. Stephens increased their target price on shares of Fiserv from $125.00 to $135.00 in a report on Thursday, July 27th. B. Riley increased their target price on shares of Fiserv from $148.00 to $151.00 in a report on Thursday, July 27th. Credit Suisse Group increased their price objective on shares of Fiserv from $135.00 to $140.00 in a report on Thursday, July 27th. Finally, Robert W. Baird increased their price objective on shares of Fiserv from $145.00 to $148.00 in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $138.90.
Check Out Our Latest Analysis on FI
Fiserv Trading Down 1.2 %
Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.81. The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.54 billion. Fiserv had a net margin of 13.60% and a return on equity of 14.15%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 earnings per share. As a group, research analysts expect that Fiserv will post 7.44 EPS for the current fiscal year.
Insider Activity
In other news, COO Guy Chiarello sold 6,750 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 173,856 shares in the company, valued at approximately $21,862,392. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 20,250 shares of company stock worth $2,512,688. Corporate insiders own 18.20% of the company’s stock.
Hedge Funds Weigh In On Fiserv
Large investors have recently made changes to their positions in the business. Berkshire Asset Management LLC PA acquired a new position in shares of Fiserv in the first quarter worth about $203,000. Aurora Investment Counsel boosted its holdings in shares of Fiserv by 1.1% in the first quarter. Aurora Investment Counsel now owns 9,248 shares of the business services provider’s stock worth $1,045,000 after buying an additional 99 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Fiserv in the first quarter worth about $1,384,000. Level Four Advisory Services LLC acquired a new position in shares of Fiserv in the first quarter worth about $466,000. Finally, ProShare Advisors LLC boosted its holdings in shares of Fiserv by 19.0% in the first quarter. ProShare Advisors LLC now owns 663,540 shares of the business services provider’s stock worth $75,000,000 after buying an additional 106,001 shares during the period. Institutional investors own 89.69% of the company’s stock.
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.
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