Jefferies Financial Group Issues Pessimistic Forecast for Fiserv (NASDAQ:FISV) Stock Price

Fiserv (NASDAQ:FISV) had its target price decreased by analysts at Jefferies Financial Group from $70.00 to $60.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 1.25% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Wolfe Research restated a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th. TD Cowen cut Fiserv from a “buy” rating to a “hold” rating and set a $80.00 price target on the stock. in a report on Thursday, October 30th. William Blair lowered Fiserv from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 29th. Argus reiterated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Finally, Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Fiserv currently has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Trading Up 0.1%

Shares of NASDAQ:FISV opened at $60.76 on Monday. Fiserv has a 1 year low of $59.56 and a 1 year high of $238.59. The stock’s fifty day moving average price is $101.28 and its 200-day moving average price is $135.58. The company has a market cap of $33.03 billion, a P/E ratio of 9.39, a PEG ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

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

Insider Transactions at Fiserv

In other news, Director Lance M. Fritz bought 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Fiserv by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 50,079,534 shares of the business services provider’s stock worth $11,059,063,000 after buying an additional 535,407 shares during the period. Capital World Investors lifted its position in shares of Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after acquiring an additional 6,714,536 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Fiserv by 77.2% in the first quarter. JPMorgan Chase & Co. now owns 15,354,767 shares of the business services provider’s stock valued at $3,390,793,000 after acquiring an additional 6,691,703 shares in the last quarter. Nuveen LLC bought a new position in shares of Fiserv in the first quarter worth about $1,722,584,000. Finally, Norges Bank purchased a new stake in shares of Fiserv during the second quarter worth about $1,252,260,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.