Zacks Research Downgrades Fiserv (NASDAQ:FISV) to Strong Sell

Fiserv (NASDAQ:FISV) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on FISV. BNP Paribas Exane downgraded shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective on the stock. in a research note on Friday, June 5th. TD Cowen cut their target price on shares of Fiserv from $63.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, August 7th. Mizuho reduced their price target on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. B. Riley Financial decreased their price target on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $54.00 price objective on shares of Fiserv in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.20.

Fiserv Price Performance

NASDAQ FISV opened at $51.38 on Wednesday. The stock has a 50-day simple moving average of $51.36 and a 200 day simple moving average of $55.87. Fiserv has a twelve month low of $47.04 and a twelve month high of $140.19. The stock has a market capitalization of $27.32 billion, a PE ratio of 9.86, a P/E/G ratio of 3.91 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last released its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The business had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Research analysts anticipate that Fiserv will post 7.27 EPS for the current year.

Insider Transactions at Fiserv

In related news, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lance M. Fritz purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the purchase, the director directly owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Oakworth Capital Inc. bought a new stake in shares of Fiserv during the fourth quarter worth $25,000. Private Wealth Asset Management LLC acquired a new stake in Fiserv in the fourth quarter worth $25,000. Kimelman & Baird LLC acquired a new stake in Fiserv during the 4th quarter worth $27,000. Goodman Advisory Group LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $27,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Fiserv during the fourth quarter worth about $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

Fiserv, Inc, founded in 1984 and headquartered in Brookfield, Wisconsin, is a global provider of financial services technology. The company develops and delivers integrated solutions for payments, processing, risk and compliance, customer and channel management, and business insights and optimization. Serving thousands of clients, Fiserv supports banks, credit unions, securities broker-dealers, leasing and finance companies, and retailers.

Fiserv’s core offerings include account processing systems that automate deposit, lending and transaction processing for financial institutions, as well as digital banking platforms that enable mobile and online banking services.