Fiserv, Inc. (NASDAQ:FISV) Receives Average Rating of “Hold” from Analysts

Shares of Fiserv, Inc. (NASDAQ:FISV) have been assigned an average rating of “Hold” from the thirty-six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twenty-three have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $114.4167.

FISV has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on Fiserv from $70.00 to $60.00 and set a “hold” rating on the stock in a report on Monday, November 24th. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Raymond James Financial set a $167.00 target price on shares of Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. BNP Paribas Exane reiterated a “neutral” rating and issued a $62.00 price target on shares of Fiserv in a report on Wednesday, November 5th. Finally, BTIG Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 29th.

Fiserv Trading Down 2.4%

Shares of Fiserv stock opened at $65.59 on Friday. Fiserv has a fifty-two week low of $59.56 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $35.65 billion, a P/E ratio of 10.14, a P/E/G ratio of 2.63 and a beta of 0.80. The company has a fifty day moving average of $67.58 and a 200 day moving average of $116.19.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The business had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. On average, sell-side analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In other news, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were acquired at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the acquisition, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, with a total value 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. The trade was a 14.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 34,900 shares of company stock valued at $2,211,971. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Several large investors have recently bought and sold shares of FISV. Vise Technologies Inc. purchased a new position in shares of Fiserv in the second quarter valued at approximately $2,320,000. Sowell Financial Services LLC raised its stake in Fiserv by 9.7% in the second quarter. Sowell Financial Services LLC now owns 3,540 shares of the business services provider’s stock valued at $610,000 after buying an additional 314 shares in the last quarter. 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. Finally, Ipsen Advisor Group LLC acquired a new position in Fiserv in the second quarter valued at approximately $759,000. Institutional investors own 90.98% of the company’s stock.

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.