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

Fiserv, Inc. (NASDAQ:FISV) has been assigned a consensus recommendation of “Hold” from the thirty-six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, twenty-three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $121.0833.

A number of research firms recently weighed in on FISV. Royal Bank Of Canada set a $85.00 target price on Fiserv and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. UBS Group set a $75.00 price objective on Fiserv and gave the company a “neutral” rating in a research report on Thursday, October 30th. BNP Paribas cut Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Wednesday, November 5th. Finally, Wolfe Research reissued a “peer perform” rating on shares of Fiserv in a report on Wednesday, October 29th.

Insider Buying and Selling

In other Fiserv news, CFO Paul M. Todd purchased 17,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was purchased at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This trade represents a 324.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 34,900 shares of company stock valued at $2,211,971 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FISV. Brighton Jones LLC boosted its position in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after buying an additional 2,033 shares in the last quarter. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% in the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock valued at $472,000 after acquiring an additional 116 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Fiserv by 8.7% in the 1st quarter. Independent Advisor Alliance now owns 12,800 shares of the business services provider’s stock worth $2,827,000 after acquiring an additional 1,020 shares in the last quarter. Trillium Asset Management LLC grew its position in Fiserv by 867.5% during the 1st quarter. Trillium Asset Management LLC now owns 12,142 shares of the business services provider’s stock worth $2,681,000 after acquiring an additional 10,887 shares during the last quarter. Finally, Trajan Wealth LLC increased its holdings in Fiserv by 2.9% during the 1st quarter. Trajan Wealth LLC now owns 165,243 shares of the business services provider’s stock valued at $36,491,000 after purchasing an additional 4,596 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 0.7%

Shares of FISV stock opened at $66.21 on Wednesday. Fiserv has a 12 month low of $59.56 and a 12 month high of $238.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $35.99 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.53 and a beta of 0.80. The stock has a 50 day moving average of $87.96 and a 200-day moving average of $128.04.

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

About Fiserv

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.