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

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

FISV has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft set a $122.00 price target on Fiserv in a research report on Thursday, October 16th. Susquehanna reiterated a “positive” rating and set a $99.00 price objective (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. UBS Group set a $75.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research note on Thursday, October 30th. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Finally, Truist Financial cut shares of Fiserv from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $143.00 to $75.00 in a research note on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Hold” and a consensus target price of $113.34.

Insiders Place Their Bets

In related news, insider Adam L. Rosman bought 7,900 shares of the business’s stock in a transaction that occurred on 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 completion of the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Paul M. Todd purchased 17,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the purchase, the chief financial officer owned 24,453 shares in the company, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. bought a new position in Fiserv during the fourth quarter valued at $3,507,063,000. Norges Bank bought a new stake in shares of Fiserv in the 2nd quarter worth about $1,252,260,000. Capital World Investors raised its position in shares of Fiserv by 35.2% during 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 buying an additional 6,714,536 shares in the last quarter. Pittenger & Anderson Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $193,349,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Fiserv during the fourth quarter worth approximately $174,502,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

The firm has a market capitalization of $32.46 billion, a PE ratio of 9.23, a P/E/G ratio of 3.33 and a beta of 0.78. The business has a 50-day simple moving average of $66.31 and a 200-day simple moving average of $99.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08.

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.