Fiserv (NASDAQ:FISV) Stock Rating Upgraded by Cantor Fitzgerald

Fiserv (NASDAQ:FISV) was upgraded by stock analysts at Cantor Fitzgerald to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Truist Financial lowered Fiserv from a “buy” rating to a “hold” rating and reduced their price objective for the company from $143.00 to $75.00 in a research report on Thursday, October 30th. Seaport Research Partners downgraded Fiserv from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. UBS Group set a $75.00 price target on Fiserv and gave the company a “neutral” rating in a report on Thursday, October 30th. Wells Fargo & Company raised Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial set a $167.00 price target on shares of Fiserv and gave the stock an “outperform” rating in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $113.34.

Fiserv Trading Down 2.0%

NASDAQ:FISV opened at $64.95 on Tuesday. The firm has a market capitalization of $35.31 billion, a P/E ratio of 10.04, a PEG ratio of 3.73 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.08. Fiserv has a one year low of $59.56 and a one year high of $238.59. The company’s 50-day simple moving average is $66.21 and its 200 day simple moving average is $103.24.

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

Insider Activity

In related news, insider Adam L. Rosman bought 7,900 shares of the stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of $63.19 per share, for a total transaction of $499,201.00. Following the purchase, the insider owned 61,285 shares of the company’s stock, valued at approximately $3,872,599.15. The trade was a 14.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction dated Monday, December 1st. The stock was bought at an average price of $62.41 per share, with a total value of $1,060,970.00. Following the completion of the purchase, the chief financial officer directly owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This trade represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

A number of hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust bought a new stake in shares of Fiserv in the fourth quarter worth $27,000. Sound Income Strategies LLC purchased a new position in Fiserv in the third quarter worth about $28,000. Mendota Financial Group LLC bought a new stake in shares of Fiserv during the 4th quarter valued at about $28,000. Capital Advisors Ltd. LLC bought a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Finally, True Wealth Design LLC boosted its holdings in shares of Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after buying an additional 225 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

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.