Fiserv (NASDAQ:FISV) Given Hold Rating at TD Cowen

Fiserv (NASDAQ:FISV)‘s stock had its “hold” rating reaffirmed by equities research analysts at TD Cowen in a report issued on Thursday, Benzinga reports. They currently have a $55.00 price target on the business services provider’s stock. TD Cowen’s price target points to a potential upside of 5.89% from the stock’s current price.

Several other equities analysts have also recently weighed in on the stock. Cantor Fitzgerald reiterated a “neutral” rating and set a $53.00 price objective on shares of Fiserv in a research report on Monday. Truist Financial set a $53.00 price target on Fiserv and gave the company a “hold” rating in a report on Thursday, August 20th. BNP Paribas Exane downgraded Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price objective for the company. in a research note on Friday, June 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Fiserv in a research note on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods reduced their price target 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. Six analysts have rated the stock with a Buy rating, twenty-five have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus price target of $74.20.

Fiserv Trading Down 0.1%

NASDAQ FISV traded down $0.04 on Thursday, hitting $51.94. 1,285,530 shares of the company were exchanged, compared to its average volume of 7,688,585. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv has a twelve month low of $47.04 and a twelve month high of $138.62. The firm has a market capitalization of $27.62 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 3.89 and a beta of 0.80. The company’s 50 day moving average price is $52.05 and its 200-day moving average price is $55.38.

Fiserv (NASDAQ:FISV) last announced its earnings results on Thursday, August 6th. The business services provider reported $1.84 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 firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. Analysts predict that Fiserv will post 7.26 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lance M. 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, for a total transaction of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares of the company’s stock, valued at approximately $1,413,403.65. This represents a 58.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Paul M. Todd acquired 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the transaction, the chief financial officer owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This represents a 5.78% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. WFA of San Diego LLC bought a new stake in Fiserv in the second quarter worth $55,000. Private Wealth Asset Management LLC bought a new position in Fiserv during the fourth quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in Fiserv during the fourth quarter valued at about $27,000. Tripletail Wealth Management LLC acquired a new stake in shares of Fiserv in the fourth quarter worth about $27,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

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.