Fiserv, Inc. (NASDAQ:FISV) Receives $74.20 Average Target Price from Analysts

Fiserv, Inc. (NASDAQ:FISV) has received a consensus rating of “Hold” from the thirty-five research firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $74.20.

Several brokerages have issued reports on FISV. BNP Paribas Exane lowered shares of Fiserv from a “neutral” rating to an “underperform” rating and set a $46.00 price target on the stock. in a report on Friday, June 5th. TD Cowen reaffirmed a “hold” rating and set a $55.00 price objective on shares of Fiserv in a report on Thursday, September 3rd. BMO Capital Markets reiterated a “market perform” rating and set a $55.00 target price (down from $60.00) on shares of Fiserv in a research report on Wednesday, July 22nd. Citigroup reissued a “neutral” rating and issued a $57.00 target price (down from $60.00) on shares of Fiserv in a research note on Friday, July 10th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $54.00 price target on shares of Fiserv in a research report on Friday, August 7th.

Insiders Place Their Bets

In other news, CFO Paul Todd purchased 10,060 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of $49.70 per share, with a total value of $499,982.00. Following the acquisition, the chief financial officer directly owned 184,107 shares of the company’s stock, valued at approximately $9,150,117.90. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lance Fritz purchased 10,000 shares of Fiserv 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 approximately $1,413,403.65. This represents a 58.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

A number of large investors have recently modified their holdings of the stock. Private Wealth Asset Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $25,000. Kimelman & Baird LLC bought a new position in shares of Fiserv during the fourth quarter worth about $27,000. Goodman Advisory Group LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Tripletail Wealth Management LLC bought a new position in Fiserv in the fourth quarter valued at $27,000. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of FISV stock opened at $51.58 on Friday. Fiserv has a 12 month low of $47.04 and a 12 month high of $135.88. The company has a market capitalization of $27.43 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.88 and a beta of 0.80. The stock has a 50 day moving average of $52.22 and a two-hundred day moving average of $54.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99.

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

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to businesses, financial institutions and consumers. Its offerings support electronic payments, merchant acquiring, account processing, digital banking, money movement and other transaction-related activities.

The company’s products and platforms include Clover, which provides point-of-sale hardware, software and payment services for small and midsize businesses; Carat, which serves larger merchants; and technology for banks and credit unions, including core processing, online and mobile banking, card services, bill payment and fraud-management solutions.