Fiserv (NASDAQ:FISV) Shares Down 1.3% – Should You Sell?

Shares of Fiserv, Inc. (NASDAQ:FISV) were down 1.3% on Thursday . The stock traded as low as $65.27 and last traded at $66.06. Approximately 7,394,505 shares changed hands during mid-day trading, an increase of 28% from the average daily volume of 5,772,512 shares. The stock had previously closed at $66.95.

Wall Street Analysts Forecast Growth

FISV has been the topic of a number of recent research reports. Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and cut their target price for the company from $143.00 to $75.00 in a report on Thursday, October 30th. UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a research note on Thursday, October 30th. Zacks Research cut shares of Fiserv from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a report on Friday, November 14th. Finally, BTIG Research restated a “buy” rating and issued a $180.00 price target on shares of Fiserv in a research report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.08.

Fiserv Stock Performance

The stock’s 50 day moving average price is $93.02 and its two-hundred day moving average price is $131.02. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $35.91 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.41 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The firm had revenue of $4.32 billion during the quarter. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz purchased 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 34,900 shares of company stock valued at $2,211,971 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC increased its stake in shares of Fiserv by 91.9% during the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC grew its holdings in Fiserv by 5.3% during the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after buying an additional 116 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Fiserv during the 1st quarter valued at $829,000. Commonwealth Equity Services LLC increased its position in Fiserv by 5.1% during the first quarter. Commonwealth Equity Services LLC now owns 114,099 shares of the business services provider’s stock worth $25,196,000 after buying an additional 5,556 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Fiserv during the first quarter worth $364,000. 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.