Fiserv (NASDAQ:FISV) Sets New 12-Month Low – Here’s Why

Fiserv, Inc. (NASDAQ:FISV)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $46.63 and last traded at $46.67, with a volume of 777540 shares. The stock had previously closed at $47.19.

Analyst Ratings Changes

FISV has been the subject of a number of research reports. Susquehanna lowered their target price on Fiserv from $91.00 to $85.00 and set a “positive” rating for the company in a research note on Friday, August 7th. Raymond James Financial reiterated a “market perform” rating on shares of Fiserv in a research report on Tuesday, July 7th. Morgan Stanley set a $59.00 price objective on shares of Fiserv in a report on Friday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $55.00 target price (down from $60.00) on shares of Fiserv in a research note on Wednesday, July 22nd. Finally, UBS Group set a $60.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Hold” and a consensus target price of $74.20.

Fiserv Stock Down 0.8%

The firm’s 50-day simple moving average is $51.85 and its 200 day simple moving average is $54.25. 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 company has a market cap of $24.51 billion, a P/E ratio of 8.85, a PEG ratio of 4.64 and a beta of 0.80.

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 return on equity of 15.80% and a net margin of 13.42%.The company had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $5.04 billion. The business’s quarterly revenue was down 4.1% on a year-over-year basis. On average, research analysts forecast that Fiserv, Inc. will post 7.26 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lance Fritz bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $51.95 per share, for a total transaction of $519,500.00. Following the transaction, the director owned 27,207 shares of the company’s stock, valued at $1,413,403.65. This represents 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 this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FISV. Security National Bank of Sioux City Iowa IA bought a new position in shares of Fiserv during the 2nd quarter worth approximately $83,000. National Pension Service lifted its position in shares of Fiserv by 12.6% in the second quarter. National Pension Service now owns 1,108,247 shares of the business services provider’s stock worth $54,360,000 after purchasing an additional 124,037 shares in the last quarter. Triad Investment Management boosted its holdings in Fiserv by 37.9% during the second quarter. Triad Investment Management now owns 71,706 shares of the business services provider’s stock worth $3,517,000 after purchasing an additional 19,695 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in Fiserv by 47.8% during the second quarter. Cidel Asset Management Inc. now owns 8,198 shares of the business services provider’s stock worth $402,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Community Bank N.A. boosted its holdings in Fiserv by 27.3% during the second quarter. Community Bank N.A. now owns 35,805 shares of the business services provider’s stock worth $1,756,000 after purchasing an additional 7,675 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

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.