Fiserv (NASDAQ:FISV) Trading Up 1.1% – Here’s Why

Fiserv, Inc. (NASDAQ:FISV) shares shot up 1.1% during mid-day trading on Friday . The stock traded as high as $62.40 and last traded at $61.47. 6,769,980 shares traded hands during mid-day trading, an increase of 19% from the average session volume of 5,696,645 shares. The stock had previously closed at $60.80.

Analyst Ratings Changes

FISV has been the topic of several research analyst reports. B. Riley cut Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday, October 29th. KeyCorp downgraded shares of Fiserv from an “overweight” rating to a “hold” rating in a research report on Thursday, October 30th. Argus restated a “hold” rating on shares of Fiserv in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $122.00 price target on shares of Fiserv in a research note on Thursday, October 16th. Eleven investment analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Hold” and a consensus target price of $121.08.

Fiserv Stock Performance

The stock’s 50 day moving average is $96.97 and its two-hundred day moving average is $133.27. The firm has a market capitalization of $33.41 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NASDAQ:FISV) last released its earnings results on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The firm had revenue of $4.32 billion during the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lance M. Fritz bought 10,000 shares of Fiserv stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the acquisition, the director owned 13,086 shares in the company, valued at approximately $852,945.48. This represents a 324.04% 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 1.00% of the company’s stock.

Institutional Trading of Fiserv

Hedge funds have recently modified their holdings of the company. FourThought Financial Partners LLC bought a new position in shares of Fiserv during the third quarter worth $440,000. Capital Research Global Investors raised its holdings in Fiserv by 0.8% during the 3rd quarter. Capital Research Global Investors now owns 372,056 shares of the business services provider’s stock worth $47,969,000 after buying an additional 2,908 shares during the period. Capital World Investors lifted its stake in Fiserv by 35.2% in the third quarter. Capital World Investors now owns 25,781,919 shares of the business services provider’s stock valued at $3,324,073,000 after buying an additional 6,714,536 shares in the last quarter. Capital International Sarl boosted its holdings in shares of Fiserv by 21.2% in the third quarter. Capital International Sarl now owns 26,638 shares of the business services provider’s stock valued at $3,434,000 after buying an additional 4,663 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Fiserv by 22.7% during the third quarter. Bank of Montreal Can now owns 521,557 shares of the business services provider’s stock worth $67,244,000 after acquiring an additional 96,512 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.