Fiserv, Inc. (NASDAQ:FISV) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts rate Fiserv “Hold” on average: Of 35 analysts, 25 recommend holding, six recommend buying and four recommend selling. The average 12-month price target is $74.20.
• Fiserv’s latest quarter fell short of expectations, with adjusted earnings of $1.84 per share versus the $1.91 consensus and revenue of $4.96 billion versus $5.04 billion expected. Revenue declined 4.1% year over year.
• Shares opened at $48.93, near the company’s 52-week low of $47.04, while insiders recently purchased shares and institutional investors own approximately 90.98% of the stock.

Shares of Fiserv, Inc. (NASDAQ:FISV - Get Free Report) have received an average rating of "Hold" from the thirty-five analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $74.20.

FISV has been the topic of several recent research reports. BNP Paribas Exane cut shares of Fiserv from a "neutral" rating to an "underperform" rating and set a $46.00 target price on the stock. in a report on Friday, June 5th. Wells Fargo & Company set a $56.00 price target on shares of Fiserv and gave the company an "equal weight" rating in a report on Thursday, July 9th. Susquehanna lowered their price target on shares of Fiserv from $91.00 to $85.00 and set a "positive" rating for the company in a research report on Friday, August 7th. Loop Capital dropped their price objective on shares of Fiserv from $63.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, May 15th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $55.00 price objective (down from $60.00) on shares of Fiserv in a report on Wednesday, July 22nd.

Insider Activity at Fiserv

In other Fiserv news, CFO Paul M. Todd purchased 10,060 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was bought at an average cost of $49.70 per share, for a total transaction of $499,982.00. Following the completion of the purchase, the chief financial officer owned 184,107 shares in the company, valued at $9,150,117.90. This represents a 5.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lance M. Fritz acquired 10,000 shares of the business's stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $51.95 per share, for a total transaction of $519,500.00. Following the acquisition, 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 disclosure for this purchase is available in the SEC filing. 0.06% of the stock is owned by company insiders.

Institutional Trading of Fiserv

Institutional investors have recently bought and sold shares of the stock. Stonebridge Capital Advisors LLC grew its stake in Fiserv by 2.3% during the second quarter. Stonebridge Capital Advisors LLC now owns 4,318 shares of the business services provider's stock worth $744,000 after buying an additional 98 shares during the period. Bison Wealth LLC raised its stake in shares of Fiserv by 5.3% in the 4th quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider's stock valued at $472,000 after acquiring an additional 116 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of Fiserv by 3.3% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 6,184 shares of the business services provider's stock valued at $303,000 after acquiring an additional 195 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Fiserv by 2.9% during the 4th quarter. SkyView Investment Advisors LLC now owns 7,052 shares of the business services provider's stock worth $474,000 after purchasing an additional 198 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in Fiserv by 10.4% during the 1st quarter. Sunbelt Securities Inc. now owns 2,290 shares of the business services provider's stock worth $128,000 after purchasing an additional 215 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.6%

FISV opened at $48.93 on Friday. The stock has a market cap of $26.02 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. 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 firm's fifty day moving average is $52.23 and its 200 day moving average is $54.95. Fiserv has a fifty-two week low of $47.04 and a fifty-two week high of $136.14.

Fiserv (NASDAQ:FISV - Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.91 by ($0.07). Fiserv had a net margin of 13.42% and a return on equity of 15.80%. The business had revenue of $4.96 billion during the quarter, compared to analysts' expectations of $5.04 billion. Fiserv's revenue was down 4.1% compared to the same quarter last year. On average, sell-side analysts forecast that Fiserv will post 7.26 earnings per share for the current fiscal year.

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.

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