Fiserv, Inc. (FISV) – What Are Researchers Thinking About This Stock?

Fiserv, Inc. (NASDAQ:FISV) has been assigned a consensus recommendation of “Hold” from the thirty-five analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $70.21.

Several analysts have commented on FISV shares. JPMorgan Chase & Co. lowered their price objective on shares of Fiserv from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Friday, August 7th. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 price objective (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Weiss Ratings upgraded shares of Fiserv from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, October 6th. Finally, Susquehanna cut their price target on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a report on Friday, August 7th.

Insiders Place Their Bets

In other Fiserv news, Director Lance Fritz bought 10,000 shares of Fiserv stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This trade represents a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC grew its position in Fiserv by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider’s stock valued at $303,000 after buying an additional 195 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Fiserv by 10.4% during the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider’s stock worth $128,000 after purchasing an additional 215 shares in the last quarter. Intelligence Driven Advisers LLC boosted its holdings in Fiserv by 4.0% during the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider’s stock worth $296,000 after buying an additional 250 shares in the last quarter. Plan A Wealth LLC boosted its stake in shares of Fiserv by 4.2% during the 3rd quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider’s stock worth $309,000 after acquiring an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC boosted its position in shares of Fiserv by 22.6% in the 3rd quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider’s stock worth $69,000 after buying an additional 281 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FISV opened at $46.05 on Tuesday. The firm has a market capitalization of $24.49 billion, a PE ratio of 8.84, a P/E/G ratio of 4.55 and a beta of 0.80. The stock has a 50 day simple moving average of $50.02 and a 200 day simple moving average of $52.98. Fiserv has a 52-week low of $43.87 and a 52-week high of $128.78. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.91 by ($0.07). The firm had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s revenue was down 4.1% on a year-over-year basis. Sell-side analysts predict that Fiserv will post 7.26 EPS for the current fiscal year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.