Fiserv (NASDAQ:FISV) Stock Rating Lowered by Northcoast Research

Fiserv (NASDAQ:FISV) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat.com reports.

FISV has been the subject of several other research reports. B. Riley lowered their target price on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. Tigress Financial set a $95.00 price objective on shares of Fiserv and gave the stock a “buy” rating in a research report on Wednesday, December 31st. BNP Paribas Exane downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Wednesday, November 5th. Zacks Research raised Fiserv from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 14th. Finally, Sanford C. Bernstein lowered Fiserv from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $205.00 to $80.00 in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.34.

Fiserv Stock Performance

Shares of Fiserv stock opened at $58.12 on Monday. The firm has a market cap of $31.59 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. 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 has a 52 week low of $57.79 and a 52 week high of $238.59. The business’s fifty day simple moving average is $66.33 and its 200-day simple moving average is $99.87.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average cost of $63.19 per share, with a total value of $499,201.00. Following the transaction, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This trade represents a 14.80% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the transaction, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.75% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FISV. Oakworth Capital Inc. purchased a new stake in Fiserv during the fourth quarter worth approximately $25,000. American National Bank & Trust purchased a new position in Fiserv in the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new stake in Fiserv during the third quarter worth approximately $28,000. Mendota Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $28,000. Finally, Capital Advisors Ltd. LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

About Fiserv

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.