Fiserv (NASDAQ:FISV) PT Lowered to $98.00 at Morgan Stanley

Fiserv (NASDAQ:FISVGet Rating) had its price objective cut by Morgan Stanley from $118.00 to $98.00 in a report issued on Tuesday, Stock Target Advisor reports. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 8.42% from the company’s current price.

FISV has been the subject of several other reports. Loop Capital initiated coverage on Fiserv in a report on Monday, May 2nd. They issued a “buy” rating and a $125.00 price objective for the company. The Goldman Sachs Group initiated coverage on Fiserv in a report on Tuesday, May 17th. They issued a “neutral” rating and a $108.00 price objective for the company. TheStreet upgraded Fiserv from a “c+” rating to a “b” rating in a report on Thursday, April 28th. Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and cut their target price for the company from $144.00 to $126.00 in a research note on Tuesday, April 12th. Finally, Cowen lowered Fiserv from an “outperform” rating to a “market perform” rating and cut their target price for the company from $144.00 to $126.00 in a research note on Tuesday, April 12th. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $125.88.

FISV traded up $1.24 during trading on Tuesday, reaching $90.39. The company had a trading volume of 21,565 shares, compared to its average volume of 2,834,776. The stock has a market cap of $58.94 billion, a P/E ratio of 35.24, a PEG ratio of 1.03 and a beta of 0.79. The business has a 50 day simple moving average of $97.27 and a 200-day simple moving average of $100.27. Fiserv has a 52 week low of $87.03 and a 52 week high of $119.86. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.64.

Fiserv (NASDAQ:FISVGet Rating) last released its earnings results on Wednesday, April 27th. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. Fiserv had a return on equity of 12.05% and a net margin of 10.23%. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Fiserv will post 6.48 EPS for the current fiscal year.

In related news, Director Holdings L.P. Valueact bought 112,575 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was bought at an average cost of $94.90 per share, for a total transaction of $10,683,367.50. Following the acquisition, the director now directly owns 13,147,776 shares in the company, valued at $1,247,723,942.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Guy Chiarello sold 43,000 shares of the company’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $104.31, for a total value of $4,485,330.00. Following the completion of the sale, the chief operating officer now owns 216,864 shares of the company’s stock, valued at $22,621,083.84. The disclosure for this sale can be found here. Insiders have purchased 1,404,234 shares of company stock valued at $131,032,589 over the last quarter. 1.00% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of FISV. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Fiserv by 5.7% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,769 shares of the business services provider’s stock worth $2,613,000 after purchasing an additional 1,400 shares during the period. Offit Capital Advisors LLC grew its holdings in shares of Fiserv by 29.3% during the 1st quarter. Offit Capital Advisors LLC now owns 2,993 shares of the business services provider’s stock worth $303,000 after purchasing an additional 678 shares during the period. J.W. Cole Advisors Inc. purchased a new position in shares of Fiserv during the 1st quarter worth $64,000. American Trust purchased a new position in shares of Fiserv during the 1st quarter worth $223,000. Finally, Rehmann Capital Advisory Group grew its holdings in shares of Fiserv by 8.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 6,359 shares of the business services provider’s stock worth $643,000 after purchasing an additional 501 shares during the period. Institutional investors own 97.24% of the company’s stock.

About Fiserv (Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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