Fiserv, Inc. (NASDAQ:FISV) Stock Has Average Target Price of $73.70

Fiserv, Inc. (NASDAQ:FISV) has been given a consensus recommendation of “Hold” by the thirty-five brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, twenty-six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $73.70.

FISV has been the topic of a number of recent analyst reports. Morgan Stanley set a $59.00 price target on shares of Fiserv in a research note on Friday, August 7th. Citigroup restated a “neutral” rating and issued a $57.00 price objective (down from $60.00) on shares of Fiserv in a research report on Friday, July 10th. Susquehanna lowered their price objective on Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a report on Friday, August 7th. Keefe, Bruyette & Woods dropped their target price on Fiserv from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd.

Insiders Place Their Bets

In other Fiserv news, Director Lance Fritz acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director directly owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. The trade was a 58.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goodman Advisory Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Reflection Asset Management purchased a new stake in Fiserv during the fourth quarter worth about $36,000. Keating Financial Advisory Services Inc. acquired a new position in Fiserv during the second quarter worth about $30,000. Osterweis Capital Management Inc. acquired a new position in Fiserv during the second quarter worth about $32,000. Finally, Bank of New Hampshire purchased a new position in Fiserv in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ FISV opened at $45.94 on Tuesday. The stock has a fifty day moving average price of $50.35 and a 200 day moving average price of $53.14. Fiserv has a 1-year low of $43.87 and a 1-year high of $128.78. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $24.43 billion, a PE ratio of 8.82, a P/E/G ratio of 4.52 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last announced its quarterly earnings data 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). The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. Fiserv had a net margin of 13.42% and a return on equity of 15.80%. Fiserv’s quarterly revenue was down 4.1% on a year-over-year basis. Sell-side analysts forecast that Fiserv will post 7.27 EPS for the current year.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company’s products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.