Fiserv, Inc. (NASDAQ:FISV) Stock Has Average Target Price of $73.70 According to Analysts

Key Points

• Analysts rate Fiserv “Hold” on average: Of 35 covering brokerages, 25 recommend holding, six recommend buying and four recommend selling. The average 12-month price target is $73.70.
• Fiserv’s latest quarterly results fell short of expectations: The company reported $1.84 in EPS versus the $1.91 consensus estimate and $4.96 billion in revenue versus $5.04 billion expected, with revenue down 4.1% year over year.
• Shares opened at $46.14, near the low end of their annual range: FISV has traded between $43.87 and $128.78 over the past year, while institutional investors own approximately 90.98% of outstanding shares.

Fiserv, Inc. (NASDAQ:FISV - Get Free Report) has earned an average rating of "Hold" from the thirty-five brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, twenty-five have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $73.70.

A number of brokerages have recently issued reports on FISV. UBS Group set a $60.00 target price on shares of Fiserv and gave the company a "neutral" rating in a report on Friday, August 7th. Susquehanna lowered their price target on Fiserv from $91.00 to $85.00 and set a "positive" rating on the stock in a research report on Friday, August 7th. Cantor Fitzgerald restated a "neutral" rating and issued a $53.00 price objective on shares of Fiserv in a research note on Monday, August 31st. Barclays set a $52.00 price objective on Fiserv and gave the company an "equal weight" rating in a research report on Friday, August 7th. Finally, Stephens reiterated an "equal weight" rating and set a $57.00 target price on shares of Fiserv in a research note on Tuesday, August 11th.

Fiserv Price Performance

Shares of FISV opened at $46.14 on Tuesday. The company has a market cap of $24.54 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 4.42 and a beta of 0.80. Fiserv has a 1-year low of $43.87 and a 1-year high of $128.78. The company's fifty day simple moving average is $50.90 and its 200 day simple moving average is $53.38. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $1.84 EPS 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 firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $5.04 billion. The company's quarterly revenue was down 4.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv will post 7.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lance Fritz acquired 10,000 shares of Fiserv stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the transaction, the director directly owned 27,207 shares in the company, valued at $1,413,403.65. This trade represents a 58.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fiserv

Large investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its holdings in shares of Fiserv by 24.6% during the 3rd quarter. Versant Capital Management Inc now owns 1,948 shares of the business services provider's stock worth $88,000 after buying an additional 385 shares during the period. Parrish Capital LLC raised its holdings in Fiserv by 27.5% in the 3rd quarter. Parrish Capital LLC now owns 12,377 shares of the business services provider's stock valued at $559,000 after acquiring an additional 2,673 shares during the period. QRG Capital Management Inc. raised its holdings in Fiserv by 9.4% in the 2nd quarter. QRG Capital Management Inc. now owns 38,202 shares of the business services provider's stock valued at $1,874,000 after acquiring an additional 3,270 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Fiserv by 9.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,662 shares of the business services provider's stock worth $278,000 after acquiring an additional 467 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA bought a new stake in shares of Fiserv during the second quarter worth approximately $83,000. 90.98% of the stock is owned by institutional investors.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payments and financial services technology to banks, credit unions, merchants and other businesses. Its offerings support electronic payments, account processing, digital banking, merchant acquiring, fraud prevention and related financial services operations.

The company's products and platforms include Clover, a point-of-sale and business management system for small and midsize businesses; Carat, which provides enterprise commerce and payment solutions; and services that help financial institutions manage accounts, digital channels, card programs, payments and data.

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