Fiserv (FISV) Upgraded by SunTrust Banks to “Buy”

SunTrust Banks upgraded shares of Fiserv (NASDAQ:FISV) from a hold rating to a buy rating in a report released on Friday morning, MarketBeat Ratings reports.

Other research analysts have also issued research reports about the company. BMO Capital Markets increased their target price on Fiserv from $133.00 to $152.00 and gave the company an average rating in a research report on Thursday. Guggenheim reiterated a buy rating and set a $160.00 target price on shares of Fiserv in a research report on Monday, January 29th. Argus set a $148.00 target price on Fiserv and gave the company a buy rating in a research report on Friday, January 12th. Barclays reiterated a hold rating and set a $141.00 target price on shares of Fiserv in a research report on Friday, January 5th. Finally, Zacks Investment Research upgraded Fiserv from a sell rating to a hold rating in a research report on Thursday, November 2nd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $139.86.

Fiserv (FISV) traded up $4.41 during trading on Friday, reaching $137.46. The company’s stock had a trading volume of 2,654,742 shares, compared to its average volume of 1,305,198. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 1.79. Fiserv has a 1-year low of $108.85 and a 1-year high of $144.20. The stock has a market cap of $27,727.54, a price-to-earnings ratio of 23.70, a PEG ratio of 1.88 and a beta of 0.87.

Fiserv (NASDAQ:FISV) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.03. Fiserv had a return on equity of 44.58% and a net margin of 21.88%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. sell-side analysts forecast that Fiserv will post 6.15 earnings per share for the current fiscal year.

In related news, insider Kevin J. Schultz sold 3,439 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $131.51, for a total value of $452,262.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffery W. Yabuki sold 2,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $128.35, for a total value of $256,700.00. Following the completion of the transaction, the insider now directly owns 236,835 shares of the company’s stock, valued at $30,397,772.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,439 shares of company stock valued at $6,605,353. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. WFG Advisors LP raised its stake in Fiserv by 9.4% in the 2nd quarter. WFG Advisors LP now owns 4,292 shares of the business services provider’s stock valued at $525,000 after purchasing an additional 367 shares during the last quarter. Dempze Nancy E raised its stake in Fiserv by 2.9% in the 3rd quarter. Dempze Nancy E now owns 14,360 shares of the business services provider’s stock valued at $1,852,000 after purchasing an additional 401 shares during the last quarter. Highstreet Asset Management Inc. raised its stake in Fiserv by 6.4% in the 3rd quarter. Highstreet Asset Management Inc. now owns 6,871 shares of the business services provider’s stock valued at $886,000 after purchasing an additional 411 shares during the last quarter. Advisor Group Inc. raised its stake in Fiserv by 6.8% in the 3rd quarter. Advisor Group Inc. now owns 6,473 shares of the business services provider’s stock valued at $835,000 after purchasing an additional 411 shares during the last quarter. Finally, Tandem Investment Advisors Inc. raised its stake in Fiserv by 23.2% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 2,247 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 423 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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About Fiserv

Fiserv, Inc is a provider of financial services technology. The Company provides account processing systems; electronic payments processing products and services, such as electronic bill payments, transaction processing, account-to-account transfers, and person-to-person payments; Internet and mobile banking systems, and related services, including document and payment card production and distribution, and lending and risk management products and services.

Analyst Recommendations for Fiserv (NASDAQ:FISV)

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