Fiserv (NASDAQ:FISV) Shares Up 2.4% – Time to Buy?

Fiserv, Inc. (NASDAQ:FISV)’s stock price shot up 2.4% on Thursday . The company traded as high as $68.51 and last traded at $68.16. 22,375,148 shares changed hands during trading, an increase of 282% from the average session volume of 5,857,395 shares. The stock had previously closed at $66.57.

Analysts Set New Price Targets

Several equities analysts have issued reports on FISV shares. UBS Group set a $75.00 price objective on shares of Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Morgan Stanley lowered shares of Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target on the stock. in a research note on Friday, November 14th. Jefferies Financial Group cut their price objective on Fiserv from $70.00 to $60.00 and set a “hold” rating for the company in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a research report on Thursday, October 16th. Finally, Mizuho set a $145.00 price target on Fiserv and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Ten research analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Stock Up 2.4%

The firm has a market capitalization of $37.05 billion, a PE ratio of 10.53, a price-to-earnings-growth ratio of 2.55 and a beta of 0.80. The business has a 50-day moving average price of $86.77 and a 200-day moving average price of $127.61. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15.

Fiserv (NASDAQ:FISV) last posted its earnings results 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 company had revenue of $4.32 billion for the quarter. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam L. Rosman purchased 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the transaction, the insider directly owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lance M. Fritz acquired 10,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average cost of $65.18 per share, with a total value of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at approximately $852,945.48. This represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders purchased 34,900 shares of company stock valued at $2,211,971. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently bought and sold shares of FISV. Brighton Jones LLC grew its holdings in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its position in Fiserv by 5.3% in 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 period. Trillium Asset Management LLC grew its stake in shares of Fiserv by 867.5% in the first quarter. Trillium Asset Management LLC now owns 12,142 shares of the business services provider’s stock worth $2,681,000 after acquiring an additional 10,887 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Fiserv by 5.1% in the first quarter. HighTower Advisors LLC now owns 77,562 shares of the business services provider’s stock worth $17,128,000 after acquiring an additional 3,790 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. increased its position in shares of Fiserv by 102.4% during the first quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 1,160 shares of the business services provider’s stock worth $256,000 after acquiring an additional 587 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Company Profile

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.