Fiserv, Inc. (NASDAQ:FISV) Given Consensus Rating of “Moderate Buy” by Analysts

Fiserv, Inc. (NASDAQ:FISVGet Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are currently covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $122.76.

A number of research firms recently commented on FISV. Atlantic Securities lowered Fiserv from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $105.00 in a research report on Wednesday, October 12th. Moffett Nathanson reduced their price objective on Fiserv to $140.00 in a research note on Tuesday, November 1st. Wells Fargo & Company reduced their price objective on Fiserv from $107.00 to $106.00 and set an “equal weight” rating for the company in a research note on Friday, October 28th. Evercore ISI upgraded Fiserv from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $101.00 to $149.00 in a research note on Thursday, August 11th. Finally, Mizuho upped their price objective on Fiserv from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, August 1st.

Fiserv Trading Up 5.0 %

NASDAQ FISV opened at $101.00 on Friday. The firm has a market capitalization of $64.14 billion, a P/E ratio of 31.66, a PEG ratio of 1.13 and a beta of 0.89. The business has a fifty day simple moving average of $99.46 and a 200 day simple moving average of $98.94. Fiserv has a 12 month low of $87.03 and a 12 month high of $110.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.67.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. Following the transaction, the chief operating officer now directly owns 228,553 shares of the company’s stock, valued at approximately $22,855,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Guy Chiarello sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $100.00, for a total transaction of $400,000.00. Following the transaction, the chief operating officer now directly owns 228,553 shares of the company’s stock, valued at approximately $22,855,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Harry Disimone sold 2,706 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $108.72, for a total value of $294,196.32. Following the transaction, the director now directly owns 12,947 shares in the company, valued at $1,407,597.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,256 shares of company stock valued at $1,164,211. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently bought and sold shares of FISV. Atlas Capital Advisors LLC increased its stake in Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares during the period. Legacy CG LLC purchased a new position in Fiserv in the 2nd quarter worth approximately $28,000. MV Capital Management Inc. increased its stake in Fiserv by 58.8% in the 3rd quarter. MV Capital Management Inc. now owns 308 shares of the business services provider’s stock worth $29,000 after purchasing an additional 114 shares during the period. Parkside Investments LLC bought a new stake in shares of Fiserv in the 1st quarter worth approximately $30,000. Finally, Herold Advisors Inc. bought a new stake in shares of Fiserv in the 1st quarter worth approximately $35,000. 94.01% of the stock is owned by hedge funds and other institutional investors.

About Fiserv

(Get Rating)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

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Analyst Recommendations for Fiserv (NASDAQ:FISV)

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