Fiserv (NASDAQ:FISV) Trading Up 2% – Here’s What Happened

Fiserv, Inc. (NASDAQ:FISV) shares rose 2% during mid-day trading on Monday . The company traded as high as $63.81 and last traded at $62.69. Approximately 10,647,057 shares traded hands during mid-day trading, an increase of 86% from the average daily volume of 5,718,255 shares. The stock had previously closed at $61.47.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FISV shares. Citigroup reduced their target price on Fiserv from $128.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. BNP Paribas downgraded shares of Fiserv from an “outperform” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, November 5th. UBS Group set a $75.00 target price on shares of Fiserv and gave the stock a “neutral” rating in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of Fiserv to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley downgraded Fiserv from an “overweight” rating to an “equal weight” rating and set a $81.00 price target for the company. in a research note on Friday, November 14th. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $121.08.

Fiserv Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average is $96.97 and its two-hundred day moving average is $132.87. The stock has a market capitalization of $34.08 billion, a P/E ratio of 9.69, a P/E/G ratio of 0.56 and a beta of 0.90.

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

Insider Activity

In related news, Director Lance M. Fritz acquired 10,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $65.18 per share, for a total transaction of $651,800.00. Following the completion of the purchase, the director directly owned 13,086 shares of the company’s stock, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FISV. Activest Wealth Management boosted its position in shares of Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 126 shares in the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Fiserv during the second quarter valued at approximately $34,000. Clear Street LLC purchased a new stake in shares of Fiserv in the 2nd quarter valued at approximately $34,000. Christopher J. Hasenberg Inc boosted its stake in Fiserv by 218.5% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after purchasing an additional 142 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its stake in Fiserv by 178.9% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 212 shares of the business services provider’s stock worth $37,000 after purchasing an additional 136 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Company Profile

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.