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

Fiserv, Inc. (NASDAQ:FISV) has been assigned a consensus rating of “Hold” from the thirty-six ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $114.4167.

FISV has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $122.00 target price on Fiserv in a report on Thursday, October 16th. Wall Street Zen lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Royal Bank Of Canada set a $85.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Stephens lowered Fiserv from an “overweight” rating to an “equal weight” rating and set a $80.00 price target on the stock. in a research report on Thursday, October 30th. Finally, B. Riley lowered Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th.

Fiserv Trading Down 2.4%

FISV opened at $65.59 on Friday. The company has a fifty day moving average of $67.58 and a 200-day moving average of $116.19. Fiserv has a twelve month low of $59.56 and a twelve month high of $238.59. The stock has a market cap of $35.65 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. 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 (NASDAQ:FISV) last issued its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The business had revenue of $4.32 billion during the quarter. On average, sell-side analysts predict that Fiserv will post 10.23 EPS for the current year.

Insider Transactions at Fiserv

In other news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were purchased at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider directly owned 61,285 shares in the company, valued at $3,872,599.15. This represents a 14.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul M. Todd acquired 17,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average price of $62.41 per share, for a total transaction of $1,060,970.00. Following the transaction, the chief financial officer owned 24,453 shares of the company’s stock, valued at $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 34,900 shares of company stock worth $2,211,971. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently modified their holdings of the stock. FourThought Financial Partners LLC purchased a new stake in Fiserv in the third quarter worth about $440,000. Capital Research Global Investors grew its stake in shares of Fiserv by 0.8% during the 3rd quarter. Capital Research Global Investors now owns 372,056 shares of the business services provider’s stock valued at $47,969,000 after acquiring an additional 2,908 shares during the period. Capital World Investors increased its holdings in Fiserv by 35.2% in the 3rd quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock worth $3,324,073,000 after acquiring an additional 6,714,536 shares in the last quarter. Capital International Sarl raised its stake in Fiserv by 21.2% during the 3rd quarter. Capital International Sarl now owns 26,638 shares of the business services provider’s stock worth $3,434,000 after acquiring an additional 4,663 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Fiserv by 22.7% during the third quarter. Bank of Montreal Can now owns 521,557 shares of the business services provider’s stock valued at $67,244,000 after purchasing an additional 96,512 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.