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

Fiserv, Inc. (NASDAQ:FISV) has earned a consensus rating of “Hold” from the thirty-five ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $113.3387.

Several analysts recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $91.00 price target on shares of Fiserv in a report on Thursday, October 30th. Jefferies Financial Group increased their target price on shares of Fiserv from $60.00 to $65.00 and gave the stock a “hold” rating in a research report on Wednesday, January 21st. BNP Paribas Exane lowered shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and issued a $99.00 price target (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Finally, Mizuho cut their price objective on Fiserv from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 22nd.

Fiserv Stock Down 2.0%

NASDAQ:FISV opened at $64.95 on Thursday. The business’s fifty day moving average price is $66.21 and its 200 day moving average price is $103.24. The firm has a market capitalization of $35.31 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 3.73 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 has a 1-year low of $59.56 and a 1-year high of $238.59.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $2.30 EPS. On average, sell-side analysts forecast that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Paul M. Todd purchased 17,000 shares of the 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 purchase, the chief financial officer owned 24,453 shares in the company, valued at $1,526,111.73. This represents a 228.10% increase in their position. The SEC filing for this purchase provides additional information. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Capital World Investors lifted its stake in shares of Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after purchasing an additional 6,714,536 shares during the last quarter. Norges Bank acquired a new position in Fiserv during the second quarter worth $1,252,260,000. Amundi raised its holdings in Fiserv by 27.2% during the second quarter. Amundi now owns 3,781,665 shares of the business services provider’s stock valued at $652,148,000 after buying an additional 807,916 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Fiserv by 3.8% in the third quarter. Legal & General Group Plc now owns 3,638,031 shares of the business services provider’s stock worth $469,051,000 after buying an additional 131,935 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Fiserv by 116.0% during the 3rd quarter. Barclays PLC now owns 3,528,906 shares of the business services provider’s stock worth $454,982,000 after acquiring an additional 1,895,349 shares in the last quarter. Institutional investors and hedge funds 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.