Fiserv, Inc. (NASDAQ:FISV) Receives $113.34 Consensus Price Target from Analysts

Fiserv, Inc. (NASDAQ:FISV) has received a consensus rating of “Hold” from the thirty-five brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twenty-three have given a hold rating and ten have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $113.3387.

Several equities research analysts recently weighed in on FISV shares. Susquehanna reaffirmed a “positive” rating and set a $99.00 target price (down from $220.00) on shares of Fiserv in a research note on Wednesday, November 12th. Raymond James Financial set a $167.00 price objective on Fiserv and gave the stock an “outperform” rating in a research report on Friday, October 10th. Compass Point lowered Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 price objective on the stock. in a research report on Wednesday, October 29th. The Goldman Sachs Group lowered Fiserv from a “buy” rating to a “neutral” rating and decreased their target price for the company from $149.00 to $79.00 in a report on Thursday, October 30th. Finally, Wall Street Zen cut Fiserv from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th.

Insider Transactions at Fiserv

In other news, CFO Paul M. Todd bought 17,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were purchased at an average cost of $62.41 per share, for a total transaction of $1,060,970.00. Following the completion of the purchase, the chief financial officer owned 24,453 shares of the company’s stock, valued at approximately $1,526,111.73. This represents a 228.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman purchased 7,900 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was purchased at an average price of $63.19 per share, with a total value of $499,201.00. Following the purchase, the insider directly owned 61,285 shares of the company’s stock, valued at $3,872,599.15. The trade was a 14.80% 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

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

Fiserv Price Performance

FISV opened at $63.73 on Thursday. The stock’s 50-day moving average price is $66.34 and its 200 day moving average price is $101.81. Fiserv has a 12-month low of $59.56 and a 12-month high of $238.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.15. The firm has a market cap of $34.64 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 3.63 and a beta of 0.80.

Fiserv (NASDAQ:FISV) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.64 by ($0.60). The firm had revenue of $4.92 billion during the quarter, compared to analyst estimates of $5.37 billion. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The business’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 earnings per share. As a group, sell-side analysts expect that Fiserv will post 10.23 earnings per share for the current year.

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.