Research Analysts’ Recent Ratings Updates for Fiserv (FISV)

Several brokerages have updated their recommendations and price targets on shares of Fiserv (NASDAQ: FISV) in the last few weeks:

  • 2/8/2019 – Fiserv had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $83.00 price target on the stock. They wrote, “: We maintain our Neutral rating and raise our 12-month PT to $83 from $73 on FISV. We are awaiting further color on the catalysts that we believe will drive sustainable internal revenue growth acceleration for core FISV. Fourth-quarter top-line results were in line with expectations, but internal growth decelerated slightly in the period. We could become more constructive on better visibility of revenue growth acceleration and/or margin accretion from new solutions or strategic acquisitions, or a better entry point. We are warming up to the FISV/ FDC acquisition.””
  • 2/7/2019 – Fiserv is now covered by analysts at Buckingham Research. They set a “buy” rating and a $100.00 price target on the stock.
  • 1/31/2019 – Fiserv was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/29/2019 – Fiserv had its price target raised by analysts at Wedbush from $85.00 to $95.00. They now have an “outperform” rating on the stock.
  • 1/29/2019 – Fiserv had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $85.21 price target on the stock.
  • 1/28/2019 – Fiserv was upgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating. They now have a $85.50 price target on the stock.
  • 1/24/2019 – Fiserv was upgraded by analysts at Cowen Inc from a “market perform” rating to an “outperform” rating. They now have a $80.59 price target on the stock.
  • 1/22/2019 – Fiserv was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
  • 1/18/2019 – Fiserv was upgraded by analysts at Oppenheimer Holdings Inc. from a “market perform” rating to an “outperform” rating. They now have a $88.00 price target on the stock, up previously from $74.50.
  • 1/18/2019 – Fiserv was downgraded by analysts at Edward Jones from a “buy” rating to a “hold” rating.
  • 1/17/2019 – Fiserv was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 1/16/2019 – Fiserv was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $90.00 price target on the stock, up previously from $76.00.
  • 1/16/2019 – Fiserv was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Fiserv continues to enjoy a dominant position in the financial and payments solutions business. Its diversified product portfolio helps attract a steady flow of customers. Prudent business moves in the form of acquisitions and partnerships have been growth catalysts. The company is focused on becoming a global leader in transaction-based technology solutions. It’s consistent efforts in rewarding shareholders through share repurchases is appreciable. Shares of Fiserv have outperformed its industry over the past year. On the flip side, the company’s core banking products and services are part of a highly competitive market. The industry is getting more competitive with the entry of several non-banking bodies. The company's policy of acquiring a large number of companies results in some integration risk. High debt may limit the company’s future expansion and worsen its risk profile.”
  • 1/16/2019 – Fiserv had its “hold” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $73.00 price target on the stock. They wrote, “: We maintain our Neutral rating and our 12-month PT of $73 on FISV. FISV announced a merger with FDC (Neutral). The combination brings together the worlds of core processing & merchant acquiring. The combined entity would be well-positioned among its client base, particularly banks (FDC-40% revs Bank JVs), where there is very little overlap. The new entity would have a larger suite of offerings handling the front and back end of payment processing. The risk profile would change with a debt load of 4x & $17 bn in debt. The success of the transaction will depend short term on the ability to deleverage. The transaction is expected to provide long term sustainable value through revenue growth, expanding margins, and increased technology integration. See pg. 2 for our pro forma.””
  • 1/10/2019 – Fiserv was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fiserv’s core banking products and services are part of a highly competitive market. The industry is getting more competitive with the entry of several non-banking bodies. The company's policy of acquiring a large number of companies results in some integration risk. High debt may limit the company’s future expansion and worsen its risk profile. Shares of Fiserv have underperformed its industry over the past year. On the flip side, Fiserv continues to enjoy a dominant position in the financial and payments solutions business. Its diversified product portfolio helps attract a steady flow of customers. Prudent business moves in the form of acquisitions and partnerships have been growth catalysts. The company is focused on becoming a global leader in transaction-based technology solutions. It’s consistent efforts in rewarding shareholders through share repurchases is appreciable.”
  • 1/3/2019 – Fiserv was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Fiserv’s core banking products and services are part of a highly competitive market. The industry is getting more competitive with the entry of several non-banking bodies. The company's policy of acquiring a large number of companies results in some integration risk. High debt may limit the company’s future expansion and worsen its risk profile. On the flip side, Fiserv continues to enjoy a dominant position in the financial and payments solutions business. Its diversified product portfolio helps attract a steady flow of customers. Prudent business moves in the form of acquisitions and partnerships have been growth catalysts. The company is focused on becoming a global leader in transaction-based technology solutions. It’s consistent efforts in rewarding shareholders through share repurchases is appreciable. Shares of Fiserv have outperformed its industry over the past year.”
  • 1/2/2019 – Fiserv was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/20/2018 – Fiserv was upgraded by analysts at Edward Jones from a “hold” rating to a “buy” rating.

Fiserv stock traded down $0.34 during mid-day trading on Monday, hitting $85.36. The company had a trading volume of 90,707 shares, compared to its average volume of 9,367,974. The firm has a market capitalization of $34.15 billion, a P/E ratio of 27.54, a P/E/G ratio of 2.06 and a beta of 0.82. Fiserv Inc has a 1 year low of $66.89 and a 1 year high of $85.73. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 2.60.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.84 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.55 billion. Fiserv had a net margin of 20.39% and a return on equity of 47.56%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. As a group, research analysts expect that Fiserv Inc will post 3.46 earnings per share for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $76.94, for a total value of $3,847,000.00. Following the transaction, the insider now directly owns 471,157 shares in the company, valued at $36,250,819.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 150,000 shares of company stock worth $11,106,000 over the last quarter. 1.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in FISV. Renaissance Technologies LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $904,000. Advisors Asset Management Inc. grew its position in shares of Fiserv by 2,315.8% during the second quarter. Advisors Asset Management Inc. now owns 56,602 shares of the business services provider’s stock worth $230,000 after acquiring an additional 54,259 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Fiserv during the second quarter worth approximately $447,000. Iberiabank Corp purchased a new position in shares of Fiserv during the third quarter worth approximately $239,000. Finally, Bank of Montreal Can grew its position in shares of Fiserv by 17.9% during the third quarter. Bank of Montreal Can now owns 795,088 shares of the business services provider’s stock worth $65,500,000 after acquiring an additional 120,980 shares during the last quarter. Institutional investors and hedge funds own 89.60% of the company’s stock.

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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