Fiserv (NASDAQ:FISV) Reaches New 12-Month Low After Analyst Downgrade

Fiserv, Inc. (NASDAQ:FISV)’s share price hit a new 52-week low during trading on Tuesday after Northcoast Research downgraded the stock from a buy rating to a neutral rating. The company traded as low as $59.09 and last traded at $59.16, with a volume of 4193128 shares traded. The stock had previously closed at $62.94.

FISV has been the topic of a number of other reports. Seaport Research Partners downgraded shares of Fiserv from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Morgan Stanley lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price objective on the stock. in a report on Friday, November 14th. Jefferies Financial Group boosted their target price on Fiserv from $60.00 to $65.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. BNP Paribas Exane downgraded Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Wednesday, November 5th. Finally, Argus reaffirmed a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus target price of $113.34.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Paul M. Todd acquired 17,000 shares of the company’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of $62.41 per share, for a total transaction 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 trade represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FISV. Vise Technologies Inc. bought a new position in shares of Fiserv during the second quarter worth about $2,320,000. Factory Mutual Insurance Co. lifted its holdings in Fiserv by 11.7% during the 2nd quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock worth $27,068,000 after buying an additional 16,500 shares during the last quarter. Dillon & Associates Inc. lifted its holdings in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock worth $15,234,000 after buying an additional 7,419 shares during the last quarter. Ipsen Advisor Group LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock valued at $1,386,000 after acquiring an additional 5,649 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

The company has a 50-day moving average of $66.38 and a 200-day moving average of $100.63. The firm has a market capitalization of $32.06 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 3.65 and a beta of 0.80. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15.

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.