Fiserv, Inc. (NASDAQ:FISV) Receives $74.17 Average Price Target from Brokerages

Fiserv, Inc. (NASDAQ:FISV) has received an average recommendation of “Hold” from the thirty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, twenty-five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $74.20.

A number of research firms have recently weighed in on FISV. BNP Paribas Exane lowered Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 target price for the company. in a research note on Friday, June 5th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 price target (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Robert W. Baird set a $78.00 price objective on Fiserv in a research report on Wednesday, May 6th. Barclays set a $52.00 price objective on Fiserv and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, B. Riley Financial cut their target price on shares of Fiserv from $69.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th.

Insider Buying and Selling at Fiserv

In other news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the completion of the transaction, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul M. Todd acquired 10,060 shares of the stock in a transaction dated Wednesday, June 17th. The shares were purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. The trade was a 5.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FISV. Paralel Advisors LLC bought a new position in Fiserv during the 2nd quarter valued at approximately $2,031,000. Readystate Asset Management LP grew its position in shares of Fiserv by 466.8% in the 2nd quarter. Readystate Asset Management LP now owns 146,782 shares of the business services provider’s stock worth $7,200,000 after buying an additional 120,885 shares during the last quarter. Ameritas Advisory Services LLC grew its position in shares of Fiserv by 632.8% in the 2nd quarter. Ameritas Advisory Services LLC now owns 28,777 shares of the business services provider’s stock worth $1,412,000 after buying an additional 24,850 shares during the last quarter. Operose Advisors LLC raised its holdings in shares of Fiserv by 9.2% during the second quarter. Operose Advisors LLC now owns 7,635 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 641 shares in the last quarter. Finally, Saudi Central Bank raised its holdings in shares of Fiserv by 6.5% during the second quarter. Saudi Central Bank now owns 288,627 shares of the business services provider’s stock valued at $14,554,000 after acquiring an additional 17,582 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $52.58 on Monday. The stock has a market cap of $27.96 billion, a PE ratio of 10.09, a PEG ratio of 3.95 and a beta of 0.80. The company’s fifty day moving average is $51.33 and its 200 day moving average is $55.80. Fiserv has a 52 week low of $47.04 and a 52 week high of $140.09. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.99.

Fiserv (NASDAQ:FISV) last posted 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 net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $5.04 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. Research analysts anticipate that Fiserv will post 7.27 earnings per share for the current year.

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.