Oppenheimer Downgrades Fiserv (NASDAQ:FISV) to Market Perform

Fiserv (NASDAQ:FISV) was downgraded by investment analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings 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 analysts have also commented on FISV. Raymond James dropped their price target on shares of Fiserv from $133.00 to $108.00 and set an “outperform” rating on the stock in a research report on Monday, April 13th. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $108.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Atlantic Securities raised shares of Fiserv from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 12th. Cfra dropped their target price on shares of Fiserv from $140.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, ValuEngine raised shares of Fiserv from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $121.36.

Shares of FISV opened at $97.62 on Monday. The firm has a market cap of $64.95 billion, a PE ratio of 53.64, a PEG ratio of 1.66 and a beta of 0.83. The firm’s 50 day moving average price is $102.82 and its 200 day moving average price is $107.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv has a twelve month low of $73.50 and a twelve month high of $125.05.

Fiserv (NASDAQ:FISV) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.99 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.99. Fiserv had a net margin of 8.51% and a return on equity of 9.62%. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was up 150.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv will post 4.41 earnings per share for the current fiscal year.

In other Fiserv news, CEO Jeffery W. Yabuki sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $93.57, for a total transaction of $1,871,400.00. Following the completion of the sale, the chief executive officer now directly owns 385,537 shares of the company’s stock, valued at approximately $36,074,697.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffery W. Yabuki sold 10,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $100.30, for a total value of $1,003,000.00. Following the sale, the chief executive officer now directly owns 365,537 shares of the company’s stock, valued at $36,663,361.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 407,996 shares of company stock worth $42,532,359. 1.60% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its holdings in Fiserv by 0.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,482,052 shares of the business services provider’s stock worth $2,610,520,000 after purchasing an additional 192,425 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fiserv by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 9,905,414 shares of the business services provider’s stock worth $1,143,285,000 after purchasing an additional 440,941 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Fiserv by 3.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,502,404 shares of the business services provider’s stock worth $1,098,762,000 after purchasing an additional 340,300 shares during the last quarter. Longview Partners Guernsey LTD raised its holdings in Fiserv by 314.9% during the 1st quarter. Longview Partners Guernsey LTD now owns 9,016,325 shares of the business services provider’s stock worth $856,461,000 after purchasing an additional 6,843,044 shares during the last quarter. Finally, Capital World Investors raised its holdings in Fiserv by 24.1% during the 4th quarter. Capital World Investors now owns 7,745,176 shares of the business services provider’s stock worth $895,575,000 after purchasing an additional 1,502,688 shares during the last quarter. 93.02% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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