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

Fiserv, Inc. (NASDAQ:FISV) has been given a consensus recommendation of “Hold” by the thirty-five brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twenty-three have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $113.3387.

FISV has been the topic of several research analyst reports. BTIG Research cut Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th. Truist Financial cut Fiserv from a “buy” rating to a “hold” rating and decreased their target price for the company from $143.00 to $75.00 in a research note on Thursday, October 30th. Raymond James Financial set a $167.00 target price on Fiserv and gave the stock an “outperform” rating in a report on Friday, October 10th. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a report on Thursday, October 30th. Finally, B. Riley reduced their price objective on shares of Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a research report on Friday, January 16th.

Fiserv Trading Down 2.0%

Shares of NASDAQ:FISV opened at $64.95 on Thursday. The company has a 50 day moving average of $66.21 and a 200-day moving average of $103.24. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $35.31 billion, a P/E ratio of 10.04, a P/E/G ratio of 3.73 and a beta of 0.80. Fiserv has a twelve month low of $59.56 and a twelve month high of $238.59.

Fiserv (NASDAQ:FISV) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.60). The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. Fiserv’s revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 EPS. As a group, analysts anticipate that Fiserv will post 10.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, insider Adam L. Rosman bought 7,900 shares of Fiserv stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the acquisition, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd acquired 17,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the transaction, the chief financial officer directly owned 24,453 shares in the company, valued at approximately $1,526,111.73. The trade was a 228.10% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Fiserv

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hager Investment Management Services LLC acquired a new position in shares of Fiserv in the second quarter worth about $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Sound Income Strategies LLC purchased a new stake in shares of Fiserv in the 3rd quarter valued at approximately $28,000. True Wealth Design LLC grew its position in Fiserv by 3,750.0% during the 3rd quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Finally, Redmont Wealth Advisors LLC purchased a new position in Fiserv during the 3rd quarter worth approximately $30,000. 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.