Fiserv (NASDAQ:FISV) Downgraded by Northcoast Research to Neutral

Northcoast Research downgraded shares of Fiserv (NASDAQ:FISV) from a buy rating to a neutral rating in a research report report published on Monday, MarketBeat.com reports.

A number of other analysts have also weighed in on FISV. Cantor Fitzgerald raised Fiserv to a “hold” rating in a research report on Tuesday, January 27th. Tigress Financial set a $95.00 price target on Fiserv and gave the stock a “buy” rating in a report on Wednesday, December 31st. Deutsche Bank Aktiengesellschaft set a $122.00 price objective on Fiserv in a research note on Thursday, October 16th. 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. Finally, The Goldman Sachs Group cut shares of Fiserv from a “buy” rating to a “neutral” rating and reduced their target price for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Hold” and an average target price of $113.34.

Fiserv Trading Down 1.2%

NASDAQ FISV opened at $62.94 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 3.65 and a beta of 0.80. The firm has a 50 day simple moving average of $66.38 and a 200-day simple moving average of $100.63. Fiserv has a one year low of $59.56 and a one year high of $238.59.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman acquired 7,900 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were bought at an average price of $63.19 per share, with a total value of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares in the company, valued at $3,872,599.15. This trade represents a 14.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were purchased 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 directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FISV. Vise Technologies Inc. purchased a new stake in shares of Fiserv during the 2nd quarter valued at about $2,320,000. Factory Mutual Insurance Co. boosted its stake in shares of Fiserv by 11.7% in the second quarter. Factory Mutual Insurance Co. now owns 157,000 shares of the business services provider’s stock valued at $27,068,000 after purchasing an additional 16,500 shares during the period. Dillon & Associates Inc. grew its holdings in Fiserv by 9.1% during the 2nd quarter. Dillon & Associates Inc. now owns 88,570 shares of the business services provider’s stock valued at $15,234,000 after purchasing an additional 7,419 shares in the last quarter. Ipsen Advisor Group LLC purchased a new stake in Fiserv during the 2nd quarter worth $759,000. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in Fiserv by 236.6% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 8,037 shares of the business services provider’s stock worth $1,386,000 after buying an additional 5,649 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Company Profile

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.