Fiserv (NYSE:FI) Rating Increased to Neutral at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of Fiserv (NYSE:FI - Free Report) from a sell rating to a neutral rating in a research report released on Monday, Marketbeat.com reports.

A number of other research analysts also recently issued reports on FI. JPMorgan Chase & Co. cut their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Royal Bank Of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday, April 25th. Redburn Atlantic restated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Truist Financial lifted their target price on shares of Fiserv from $181.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen began coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $211.63.

Fiserv Stock Performance

Shares of Fiserv stock traded down $2.26 on Monday, hitting $140.74. 6,672,366 shares of the company's stock were exchanged, compared to its average volume of 4,339,212. The company has a 50-day simple moving average of $165.90 and a 200-day simple moving average of $195.82. The stock has a market capitalization of $78.03 billion, a PE ratio of 24.87, a PEG ratio of 1.02 and a beta of 0.91. Fiserv has a 1 year low of $128.22 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. Fiserv's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 earnings per share. As a group, equities analysts anticipate that Fiserv will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FI. Vanguard Group Inc. grew its position in shares of Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider's stock worth $11,059,063,000 after buying an additional 535,407 shares during the last quarter. JPMorgan Chase & Co. grew its position in Fiserv by 77.2% during the 1st quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider's stock worth $3,390,793,000 after purchasing an additional 6,691,703 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC lifted its position in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Fiserv by 3.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 8,284,433 shares of the business services provider's stock worth $1,829,451,000 after purchasing an additional 253,544 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.