Fiserv (NASDAQ:FISV) Given “Neutral” Rating at Cantor Fitzgerald

Fiserv (NASDAQ:FISV)‘s stock had its “neutral” rating reiterated by equities research analysts at Cantor Fitzgerald in a research note issued on Monday,Benzinga reports. They currently have a $53.00 price target on the business services provider’s stock. Cantor Fitzgerald’s target price would indicate a potential downside of 0.34% from the company’s previous close.

FISV has been the topic of several other reports. UBS Group set a $60.00 target price on Fiserv and gave the company a “neutral” rating in a research note on Friday, August 7th. Robert W. Baird set a $78.00 price target on Fiserv in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Susquehanna lowered their price objective on shares of Fiserv from $91.00 to $85.00 and set a “positive” rating on the stock in a research report on Friday, August 7th. Finally, Mizuho cut their price objective on shares of Fiserv from $100.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.20.

Fiserv Price Performance

Shares of NASDAQ:FISV opened at $53.18 on Monday. The company has a 50-day simple moving average of $51.76 and a 200-day simple moving average of $55.57. Fiserv has a one year low of $47.04 and a one year high of $138.85. 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 stock has a market capitalization of $28.28 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 4.00 and a beta of 0.80.

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

Insider Buying and Selling

In other Fiserv news, Director Lance M. Fritz acquired 10,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Paul M. Todd bought 10,060 shares of Fiserv stock in a transaction on Wednesday, June 17th. The stock was acquired at an average cost of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer owned 184,107 shares of the company’s stock, valued at $9,150,117.90. This trade represents a 5.78% increase in their position. The SEC filing for this purchase provides additional information. 0.06% of the stock is owned by insiders.

Institutional Trading of Fiserv

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Wealth Asset Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $25,000. Kimelman & Baird LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Goodman Advisory Group LLC acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Tripletail Wealth Management LLC acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Finally, Godfrey Financial Associates Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.