Fiserv (NASDAQ:FISV) Lifted to “Buy” at SunTrust Banks

SunTrust Banks upgraded shares of Fiserv (NASDAQ:FISV) from a hold rating to a buy rating in a report issued on Wednesday, June 5th, 24/7 WallStreet reports. They currently have $100.00 price target on the business services provider’s stock, up from their previous price target of $91.00. The analysts noted that the move was a valuation call.

A number of other research firms have also commented on FISV. Moffett Nathanson assumed coverage on shares of Fiserv in a research report on Tuesday, May 21st. They set a buy rating and a $108.00 price target for the company. Keefe, Bruyette & Woods began coverage on shares of Fiserv in a research note on Monday, April 8th. They set a market perform rating and a $101.00 target price for the company. BidaskClub raised shares of Fiserv from a hold rating to a buy rating in a research note on Saturday, March 30th. Susquehanna Bancshares began coverage on shares of Fiserv in a research note on Friday, May 31st. They set a neutral rating and a $95.00 target price for the company. Finally, Deutsche Bank increased their price target on shares of Fiserv from $71.00 to $94.00 and gave the company a hold rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $92.74.

Shares of NASDAQ:FISV traded up $0.33 during mid-day trading on Wednesday, reaching $91.16. The company had a trading volume of 4,179,224 shares, compared to its average volume of 3,069,932. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The company has a 50-day simple moving average of $88.12. Fiserv has a one year low of $68.45 and a one year high of $92.29.

Fiserv (NASDAQ:FISV) last issued its earnings results on Tuesday, April 30th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Fiserv had a net margin of 16.81% and a return on equity of 50.83%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities analysts expect that Fiserv will post 3.45 EPS for the current fiscal year.

In other Fiserv news, insider Jeffery W. Yabuki sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $88.95, for a total value of $177,900.00. Following the completion of the sale, the insider now owns 371,429 shares of the company’s stock, valued at $33,038,609.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $89.23, for a total transaction of $1,784,600.00. Following the completion of the sale, the insider now directly owns 354,929 shares of the company’s stock, valued at approximately $31,670,314.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,000 shares of company stock valued at $5,376,500. 1.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FISV. Sheaff Brock Investment Advisors LLC raised its stake in shares of Fiserv by 1.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 7,525 shares of the business services provider’s stock valued at $664,000 after acquiring an additional 125 shares in the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Fiserv by 4.4% during the first quarter. Thoroughbred Financial Services LLC now owns 3,089 shares of the business services provider’s stock valued at $273,000 after acquiring an additional 130 shares in the last quarter. Kaizen Advisory LLC raised its stake in shares of Fiserv by 13.7% during the fourth quarter. Kaizen Advisory LLC now owns 1,120 shares of the business services provider’s stock valued at $82,000 after acquiring an additional 135 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Fiserv by 1.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,718 shares of the business services provider’s stock valued at $1,155,000 after acquiring an additional 150 shares in the last quarter. Finally, Sandy Spring Bank raised its stake in shares of Fiserv by 5.8% during the fourth quarter. Sandy Spring Bank now owns 2,724 shares of the business services provider’s stock valued at $200,000 after acquiring an additional 150 shares in the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.

Fiserv Company Profile

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; Internet and 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.

Featured Story: Average Daily Trade Volume – What It Means In Stock Trading

Analyst Recommendations for Fiserv (NASDAQ:FISV)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.