Fiserv, Inc. (NASDAQ:FISV) Receives $74.20 Consensus Price Target from Analysts

Fiserv, Inc. (NASDAQ:FISV) has been given a consensus rating of “Hold” by the thirty-five analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $74.20.

A number of equities analysts have weighed in on FISV shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $53.00 target price on shares of Fiserv in a research note on Monday, August 31st. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Raymond James Financial reaffirmed a “market perform” rating on shares of Fiserv in a report on Tuesday, July 7th. Barclays set a $52.00 price objective on Fiserv and gave the company an “equal weight” rating in a research report on Friday, August 7th. Finally, Morgan Stanley set a $59.00 target price on Fiserv in a research note on Friday, August 7th.

Insider Buying and Selling

In other news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the acquisition, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Fiserv during the 2nd quarter worth $2,079,711,000. Geode Capital Management LLC bought a new position in shares of Fiserv in the 4th quarter worth $854,215,000. Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter worth $555,964,000. Capital World Investors bought a new stake in Fiserv in the fourth quarter valued at about $325,470,000. Finally, JANA Partners Management LP increased its holdings in Fiserv by 97.5% in the first quarter. JANA Partners Management LP now owns 4,435,605 shares of the business services provider’s stock valued at $247,507,000 after purchasing an additional 2,190,085 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of NASDAQ:FISV opened at $50.02 on Friday. Fiserv has a twelve month low of $47.04 and a twelve month high of $135.59. The firm has a market cap of $26.60 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 3.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.04 and a current ratio of 1.04. The business has a fifty day moving average of $52.15 and a 200-day moving average of $54.77.

Fiserv (NASDAQ:FISV) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.91 by ($0.07). Fiserv had a return on equity of 15.80% and a net margin of 13.42%.The company had revenue of $4.96 billion for the quarter, compared to analyst estimates of $5.04 billion. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts predict that Fiserv will post 7.26 EPS for the current fiscal year.

About Fiserv

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.