Oppenheimer lowered shares of Fiserv (NASDAQ:FISV) from an outperform rating to a market perform rating in a research note released on Monday morning, 24/7 WallStreet reports. Oppenheimer also issued estimates for Fiserv’s Q2 2020 earnings at $0.92 EPS, Q3 2020 earnings at $1.12 EPS, Q4 2020 earnings at $1.40 EPS, FY2020 earnings at $4.38 EPS, Q1 2021 earnings at $1.23 EPS, Q2 2021 earnings at $1.35 EPS, Q3 2021 earnings at $1.37 EPS, Q4 2021 earnings at $1.58 EPS and FY2021 earnings at $5.53 EPS.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank cut their price target on shares of Fiserv from $150.00 to $135.00 and set a buy rating on the stock in a report on Friday, May 8th. Stephens lowered their price objective on shares of Fiserv from $126.00 to $110.00 and set an overweight rating on the stock in a research report on Friday, April 24th. Atlantic Securities upgraded shares of Fiserv from a neutral rating to an overweight rating in a research report on Thursday, March 12th. SunTrust Banks increased their price objective on shares of Fiserv from $110.00 to $125.00 and gave the company a buy rating in a research report on Friday, May 8th. Finally, BidaskClub downgraded shares of Fiserv from a buy rating to a hold rating in a research report on Friday, June 5th. Seven analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Fiserv currently has an average rating of Buy and a consensus price target of $121.36.
NASDAQ:FISV opened at $98.25 on Monday. The company’s 50 day moving average price is $102.70 and its 200-day moving average price is $107.09. Fiserv has a 52 week low of $73.50 and a 52 week high of $125.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.65. The stock has a market cap of $65.94 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.73 and a beta of 0.83.
In other news, CEO Jeffery W. Yabuki sold 2,500 shares of the firm’s stock in a transaction on Friday, June 19th. The shares were sold at an average price of $101.61, for a total transaction of $254,025.00. Following the sale, the chief executive officer now directly owns 305,537 shares in the company, valued at approximately $31,045,614.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffery W. Yabuki sold 20,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the sale, the chief executive officer now owns 385,537 shares in the company, valued at $36,074,697.09. The disclosure for this sale can be found here. Insiders have sold a total of 407,996 shares of company stock worth $42,532,359 over the last 90 days. Insiders own 1.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Fiserv by 23.5% during the 4th quarter. Macquarie Group Ltd. now owns 358,620 shares of the business services provider’s stock valued at $41,467,000 after purchasing an additional 68,148 shares during the period. Avantax Advisory Services Inc. grew its stake in Fiserv by 8.1% during the first quarter. Avantax Advisory Services Inc. now owns 3,552 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 266 shares in the last quarter. Bluefin Trading LLC purchased a new position in Fiserv during the fourth quarter valued at $1,750,000. FDx Advisors Inc. grew its stake in Fiserv by 50.2% during the first quarter. FDx Advisors Inc. now owns 14,777 shares of the business services provider’s stock valued at $1,404,000 after acquiring an additional 4,937 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its stake in Fiserv by 14.9% during the first quarter. ZWJ Investment Counsel Inc. now owns 192,585 shares of the business services provider’s stock valued at $18,294,000 after acquiring an additional 24,990 shares in the last quarter. Hedge funds and other institutional investors own 93.02% 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; 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.
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