Fiserv, Inc. (NASDAQ:FISV) Stock Has Consensus Target Price of $60.38

Key Points

• Analysts broadly rate Fiserv “Hold”: Of 29 brokerages, 19 recommend holding the stock, while five rate it a sell and five a buy. The average 12-month price target is $60.38, above the reported opening price of $50.02.
• Fiserv’s latest quarterly results fell short of expectations: The company reported adjusted EPS of $1.84 versus the $1.91 consensus estimate and revenue of $4.96 billion versus $5.04 billion expected. Revenue declined 4.1% year over year.
• Institutional ownership remains high at 90.98%: Several investors increased their stakes, while Director Lance Fritz purchased 10,000 shares at an average price of $51.95, increasing his holdings by 58.12%.

Fiserv, Inc. (NASDAQ:FISV - Get Free Report) has earned an average recommendation of "Hold" from the twenty-nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $60.38.

FISV has been the subject of a number of analyst reports. Barclays set a $50.00 price target on shares of Fiserv and gave the stock an "equal weight" rating in a research note on Friday, October 9th. UBS Group set a $60.00 price objective on Fiserv and gave the company a "neutral" rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a "neutral" rating and issued a $54.00 target price on shares of Fiserv in a report on Friday, August 7th. Bank of America initiated coverage on Fiserv in a research report on Thursday, October 15th. They set an "underperform" rating and a $48.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on Fiserv from $62.00 to $60.00 and set a "neutral" rating on the stock in a research note on Friday, August 7th.

Insider Transactions at Fiserv

In related news, Director Lance Fritz acquired 10,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $51.95 per share, with a total value of $519,500.00. Following the completion of the acquisition, the director owned 27,207 shares in the company, valued at $1,413,403.65. The trade was a 58.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fiserv

Several large investors have recently made changes to their positions in FISV. Legacy Wealth Asset Management LLC increased its stake in 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 worth $303,000 after purchasing an additional 195 shares in the last quarter. Sunbelt Securities Inc. raised its holdings 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 buying an additional 215 shares during the period. Intelligence Driven Advisers LLC lifted its stake in Fiserv by 4.0% in the third quarter. Intelligence Driven Advisers LLC now owns 6,553 shares of the business services provider's stock valued at $296,000 after buying an additional 250 shares in the last quarter. Plan A Wealth LLC lifted its stake in Fiserv by 4.2% in the third quarter. Plan A Wealth LLC now owns 6,832 shares of the business services provider's stock valued at $309,000 after buying an additional 277 shares in the last quarter. Finally, Gilpin Wealth Management LLC boosted its holdings in shares of Fiserv by 22.6% in the third quarter. Gilpin Wealth Management LLC now owns 1,525 shares of the business services provider's stock valued at $69,000 after buying an additional 281 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 3.2%

Shares of FISV stock opened at $50.02 on Friday. The stock has a market cap of $26.60 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 4.85 and a beta of 0.80. Fiserv has a one year low of $43.87 and a one year high of $70.41. The stock has a fifty day moving average price of $48.64 and a 200 day moving average price of $54.76. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.04 and a quick ratio of 1.04.

Fiserv (NASDAQ:FISV - Get Free Report) last announced 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 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 the consensus estimate of $5.04 billion. Fiserv's revenue was down 4.1% on a year-over-year basis. Analysts predict that Fiserv will post 7.25 earnings per share for the current year.

Fiserv Company Profile

Fiserv, Inc is a global financial technology company that provides payment, banking, and commerce solutions to financial institutions, merchants, and other businesses. Its services support electronic payments, card processing, digital banking, account processing, fraud prevention, and related financial workflows.

The company's offerings include merchant acceptance and payments technology, issuer processing, digital banking platforms, core account-processing systems, electronic bill payment, and data-driven financial services.

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