Fiserv, Inc. (NASDAQ:FISV) Given Average Recommendation of “Hold” by Analysts

Shares of Fiserv, Inc. (NASDAQ:FISV) have earned an average recommendation of “Hold” from the thirty-six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twenty-four have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $113.3387.

FISV has been the topic of several research reports. UBS Group set a $75.00 target price on Fiserv and gave the company a “neutral” rating in a research report on Thursday, October 30th. Sanford C. Bernstein downgraded Fiserv from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $205.00 to $80.00 in a research note on Thursday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price objective on shares of Fiserv in a research report on Thursday, December 4th. B. Riley dropped their target price on Fiserv from $105.00 to $76.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Finally, BTIG Research cut shares of Fiserv from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 29th.

Insider Transactions at Fiserv

In related news, insider Adam L. Rosman purchased 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was acquired at an average cost of $63.19 per share, for a total transaction of $499,201.00. Following the completion of the purchase, the insider owned 61,285 shares in the company, valued at approximately $3,872,599.15. This represents a 14.80% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Todd purchased 17,000 shares of Fiserv stock in a transaction that occurred on Monday, December 1st. The shares were bought at an average cost 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 $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Institutional Trading of Fiserv

Large investors have recently modified their holdings of the stock. Oakworth Capital Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $25,000. American National Bank & Trust bought a new position in Fiserv in the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new stake in Fiserv in the third quarter valued at approximately $28,000. Mendota Financial Group LLC acquired a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Fiserv during the fourth quarter worth $29,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 1.2%

Shares of FISV opened at $62.94 on Thursday. The firm has a market cap of $34.21 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 3.65 and a beta of 0.80. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.08 and a current ratio of 1.08. Fiserv has a 52 week low of $59.56 and a 52 week high of $238.59. The firm’s 50-day simple moving average is $66.38 and its 200 day simple moving average is $100.63.

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.